According to the public record, 23, Norman Close, Romford is a early-century freehold house with 850 ft2 of internal area and sits on a 266 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Norman Close, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
23, Norman Close, Romford has a single entry in the Land Registry database from November 2016 and a single entry in the EPC database dated April 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 23 Norman Close Romford as £413,064 and the rental value as £1,890 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 23 Norman Close Romford has decreased by £7,616 (1.8%) and its rental value has increased by £96 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 23, Norman Close, Romford is in very good condition we estimate a sale value of £433,717 and rental value of £1,984 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £384,149 and a rental value of £1,757 per month.
If you were able to purchase this property for the estimated value of £413,064, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,030 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, 23, Norman Close, Romford sits on a plot of 266m2.
We have plot size data on 14 out of 30 other houses in the postcode and 23, Norman Close, Romford sits on the 7th largest plot.
According to HM Land Registry, 23, Norman Close, Romford was last sold on 30 Nov 2016 for £338,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2016, the market for similar properties has risen 17.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Norman Close, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 25, Hillfoot Avenue, Romford, RM5 3LJ, a Freehold house which sold for £436,500 in Jun 2024.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norman Close, Romford, RM5 has a total of 30 addresses. According to our analysis of all the public data, 23, Norman Close, Romford is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £21k more expensive than the average property in RM5.
23, Norman Close, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Apr 2016.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 23, Norman Close, Romford is Romford station which is 2.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 23, Norman Close, Romford, 44.5% of property is privately owned with a mortgage and 33.6% 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 23, Norman Close, Romford, 22.1% of residents are recorded as possessing school level qualifications and 30.8% 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 23, Norman Close, Romford, the average age was 40.2 and the most common age was 42.
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 23, Norman Close, 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 23, Norman Close, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.