According to the public record, 2, Tweed Way, Romford is a mid-century freehold house with 1,776 ft2 of internal area and sits on a 432 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Tweed Way, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
2, Tweed Way, Romford has 21 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated April 2022.
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 Tweed Way Romford as £652,403 and the rental value as £3,011 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 2 Tweed Way Romford has decreased by £21,659 (3.3%) and its rental value has increased by £99 per month (3.3%).
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, Tweed Way, Romford is in very good condition we estimate a sale value of £685,023 and rental value of £3,162 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £606,734 and a rental value of £2,801 per month.
If you were able to purchase this property for the estimated value of £652,403, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,206 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, Tweed Way, Romford sits on a plot of 432m2.
We have plot size data on 12 out of 33 other houses in the postcode and 2, Tweed Way, Romford sits on the largest plot.
According to HM Land Registry, 2, Tweed Way, Romford was last sold on 18 Aug 2022 for £645,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Tweed Way, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 30, Ayr Way, Romford, RM1 4UH, a Freehold house which sold for £655,000 in Jun 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tweed Way, Romford, RM1 has a total of 33 addresses. According to our analysis of all the public data, 2, Tweed Way, Romford is the largest and the most expensive property on the street.
When compared to the postcode district it is £258k more expensive than the average property in RM1.
2, Tweed Way, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Apr 2022.
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, Tweed Way, Romford is Gidea Park station which is 2.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Tweed Way, Romford, 48.8% of property is privately owned outright and 43.3% is privately owned with a mortgage.
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, Tweed Way, Romford, 16.9% of residents are recorded as possessing school level qualifications and 25.8% 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, Tweed Way, Romford, the average age was 44 and the most common age was 57.
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, Tweed Way, Romford, 0.2% 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, Tweed Way, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.