According to the public record, 22, Lake Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 732 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lake Road, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
22, Lake Road, Romford has 31 entries in the Land Registry database, most recently in August 2022 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 22 Lake Road Romford as £322,437 and the rental value as £1,795 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 22 Lake Road Romford has decreased by £1,435 (0.4%) and its rental value has increased by £79 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 22, Lake Road, Romford is in very good condition we estimate a sale value of £338,559 and rental value of £1,884 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £299,866 and a rental value of £1,669 per month.
If you were able to purchase this property for the estimated value of £322,437, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,585 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, 22, Lake Road, Romford was last sold on 18 Aug 2022 for £245,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 22, Lake Road, Romford within a radius of 460 metres over the last 2 years.
The most recent example is 17, Lake Road, Romford, RM6 5BP, a Freehold house which sold for £280,000 in Aug 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, 22, Lake Road, Romford is the 13th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in RM6.
The closest station to 22, 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 22, 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 22, 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 22, 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 22, 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 22, 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.