According to the public record, 2, Cedar Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 990 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Cedar Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
2, Cedar Road, Romford has a single entry in the Land Registry database from August 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Cedar Road Romford as £408,147 and the rental value as £1,940 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 2 Cedar Road Romford has decreased by £3,239 (0.8%) and its rental value has increased by £96 per month (5.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Cedar Road, Romford is in very good condition we estimate a sale value of £428,554 and rental value of £2,037 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £379,576 and a rental value of £1,805 per month.
If you were able to purchase this property for the estimated value of £408,147, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,006 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Cedar Road, Romford was last sold on 11 Aug 2006 for £229,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Cedar Road, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 27, Cedar Road, Romford, RM7 7JS, a Freehold house which sold for £432,000 in Jun 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedar Road, Romford, RM7 has a total of 110 addresses. According to our analysis of all the public data, 2, Cedar Road, Romford is the 49th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £32k more expensive than the average property in RM7.
The closest station to 2, Cedar Road, Romford is Romford station which is 1.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Cedar Road, Romford, 49.1% of property is privately owned with a mortgage and 23.3% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Cedar Road, Romford, 25.6% of residents are recorded as possessing school level qualifications and 36.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Cedar Road, Romford, the average age was 38.3 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Cedar Road, Romford, 0.3% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Cedar Road, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.