According to the public record, 2, Woodlands Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 554 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Woodlands Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
2, Woodlands Road, Romford has 2 entries in the Land Registry database, most recently in August 2020 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 Woodlands Road Romford as £380,988 and the rental value as £1,599 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 2 Woodlands Road Romford has decreased by £1,210 (0.3%) and its rental value has increased by £92 per month (5.7%).
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, Woodlands Road, Romford is in very good condition we estimate a sale value of £400,037 and rental value of £1,679 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £354,319 and a rental value of £1,487 per month.
If you were able to purchase this property for the estimated value of £380,988, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,872 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, Woodlands Road, Romford was last sold on 14 Aug 2020 for £300,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2020, the market for similar properties has risen 9.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Woodlands Road, Romford within a radius of 640 metres over the last 2 years.
The most recent example is 57, Marshalls Drive, Romford, RM1 4JR, a Freehold house which sold for £325,000 in Jun 2017.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Woodlands Road, Romford, RM1 has a total of 39 addresses. According to our analysis of all the public data, 2, Woodlands Road, Romford is the 39th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £13k less expensive than the average property in RM1.
The closest station to 2, Woodlands Road, Romford is Romford station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Woodlands Road, Romford, 59.7% of property is privately owned outright and 33.1% 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, Woodlands Road, Romford, 15.2% of residents are recorded as possessing school level qualifications and 28.7% 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, Woodlands Road, Romford, the average age was 37 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, Woodlands Road, Romford, 2.3% 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, Woodlands Road, Romford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.