According to the public record, 2, The Close, Romford is a early-century freehold house with 1,517 ft2 of internal area and sits on a 404 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
The Close, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
2, The Close, Romford has a single entry in the Land Registry database from March 2015 and a single entry in the EPC database dated April 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 The Close Romford as £559,155 and the rental value as £2,398 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 The Close Romford has decreased by £6,673 (1.2%) and its rental value has increased by £85 per month (3.6%).
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, The Close, Romford is in very good condition we estimate a sale value of £587,113 and rental value of £2,518 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £520,015 and a rental value of £2,231 per month.
If you were able to purchase this property for the estimated value of £559,155, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,748 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 data from HM Land Registry, 2, The Close, Romford sits on a plot of 404m2.
We have plot size data on 8 out of 12 other houses in the postcode and 2, The Close, Romford sits on the 5th largest plot.
According to HM Land Registry, 2, The Close, Romford was last sold on 17 Mar 2015 for £260,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2015, the market for similar properties has risen 36.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, The Close, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 24, West Road, Romford, RM6 6YA, a Freehold house which sold for £450,000 in Nov 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Close, Romford, RM6 has a total of 12 addresses. According to our analysis of all the public data, 2, The Close, Romford is the largest and the most expensive property on the street.
When compared to the postcode district it is £185k more expensive than the average property in RM6.
2, The Close, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Apr 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, The Close, Romford is Chadwell Heath station which is 900 metres 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, The Close, Romford, 34.1% of property is privately owned with a mortgage and 25.4% is socially rented.
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, The Close, Romford, 25.7% of residents are recorded as possessing school level qualifications and 31.4% 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, The Close, Romford, the average age was 35.3 and the most common age was 32.
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, The Close, Romford, 0.0% 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, The Close, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.