According to the public record, 225, Marks Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 855 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Marks Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
225, Marks Road, Romford has 31 entries in the Land Registry database, most recently in April 2023 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 225 Marks Road Romford as £401,690 and the rental value as £1,960 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 225 Marks Road Romford has decreased by £1,570 (0.4%) and its rental value has increased by £100 per month (5.1%).
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 225, Marks Road, Romford is in very good condition we estimate a sale value of £421,775 and rental value of £2,058 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £373,572 and a rental value of £1,823 per month.
If you were able to purchase this property for the estimated value of £401,690, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,974 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, 225, Marks Road, Romford was last sold on 28 Apr 2023 for £381,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Apr 2023, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 225, Marks Road, Romford within a radius of 420 metres over the last 2 years.
The most recent example is 153, Marks Road, Romford, RM7 7AF, a Freehold house which sold for £315,000 in Oct 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marks Road, Romford, RM7 has a total of 225 addresses. According to our analysis of all the public data, 225, Marks Road, Romford is the 61st largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in RM7.
The closest station to 225, Marks Road, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 225, Marks Road, Romford, 34.6% of property is privately rented and 26.3% 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 225, Marks Road, Romford, 23.3% of residents are recorded as possessing school level qualifications and 35.3% 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 225, Marks Road, Romford, the average age was 35.1 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 225, Marks 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 225, Marks Road, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.