According to the public record, 21, Lake Road, Romford is a mid-century freehold house with 656 ft2 of internal area and sits on a 113 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lake Road, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
21, Lake Road, Romford has 21 entries in the Land Registry database, most recently in September 2017 and a single entry in the EPC database dated March 2017.
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 21 Lake Road Romford as £303,580 and the rental value as £1,692 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 21 Lake Road Romford has decreased by £1,351 (0.4%) and its rental value has increased by £74 per month (4.4%).
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 21, Lake Road, Romford is in very good condition we estimate a sale value of £318,759 and rental value of £1,777 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,329 and a rental value of £1,574 per month.
If you were able to purchase this property for the estimated value of £303,580, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,492 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, 21, Lake Road, Romford sits on a plot of 113m2.
We have plot size data on 17 out of 24 other houses in the postcode and 21, Lake Road, Romford sits on the 15th largest plot.
According to HM Land Registry, 21, Lake Road, Romford was last sold on 22 Sep 2017 for £275,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2017, the market for similar properties has risen 13.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21, Lake Road, Romford within a radius of 460 metres over the last 2 years.
The most recent example is 58, Woodrush Way, Romford, RM6 5BL, a Freehold house which sold for £353,500 in Oct 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lake Road, Romford, RM6 has a total of 24 addresses. According to our analysis of all the public data, 21, Lake Road, Romford is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £71k less expensive than the average property in RM6.
21, Lake Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Mar 2017.
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 21, Lake Road, Romford is Chadwell Heath station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 21, Lake Road, Romford, 38.0% of property is privately owned with a mortgage and 24.8% 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 21, Lake Road, Romford, 26.4% of residents are recorded as possessing school level qualifications and 36.7% 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 21, Lake Road, Romford, the average age was 34.1 and the most common age was 12.
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 21, Lake Road, 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 21, Lake Road, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.