According to the public record, 224, Romford Road, London is a period freehold house with 2,185 ft2 of internal area and sits on a 1,085 m2 plot.
Houses of this size in this area normally have 6 bedrooms with a garden.
Romford Road, London, E7 is located in the borough of Newham within the E7 postal district.
224, Romford Road, London has a single entry in the Land Registry database from January 2019 and a single entry in the EPC database dated January 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 224 Romford Road London as £1,480,306 and the rental value as £4,896 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 224 Romford Road London has increased by £36,877 (2.5%) and its rental value has increased by £173 per month (3.5%).
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 224, Romford Road, London is in very good condition we estimate a sale value of £1,554,322 and rental value of £5,141 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,376,685 and a rental value of £4,553 per month.
If you were able to purchase this property for the estimated value of £1,480,306, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £7,275 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, 224, Romford Road, London sits on a plot of 1085m2.
We have plot size data on 2 out of 4 other houses in the postcode and 224, Romford Road, London sits on the largest plot.
According to HM Land Registry, 224, Romford Road, London was last sold on 25 Jan 2019 for £1,300,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2019, the market for similar properties has risen 17.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 360 metres radius of 224, Romford Road, London over the last 2 years.
The most recent example is Flat 9, Sycamore Court 228, Romford Road, London, E7 9HB, a Leasehold flat which sold for £297,000 in Jul 2022.
Read more about house prices in E7.
Romford Road, London, E7 has a total of 854 addresses. According to our analysis of all the public data, 224, Romford Road, London is the 19th largest and the most expensive property on the street.
When compared to the postcode district it is £987k more expensive than the average property in E7.
224, Romford Road, London has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 23 Jan 2016.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 224, Romford Road, London is Forest Gate station which is 400 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 224, Romford Road, London, 32.0% of property is socially rented and 30.0% is privately 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 224, Romford Road, London, 23.8% of residents are recorded as possessing school level qualifications and 39.0% 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 224, Romford Road, London, the average age was 33 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 224, Romford Road, London, 0.4% 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 224, Romford Road, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.