According to the public record, 23, Park Drive, Romford is a period freehold house with 1,162 ft2 of internal area and sits on a 316 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Park Drive, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
23, Park Drive, Romford has a single entry in the Land Registry database from March 2022 and a single entry in the EPC database dated August 2021.
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 Park Drive Romford as £538,567 and the rental value as £2,349 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 23 Park Drive Romford has decreased by £8,074 (1.5%) and its rental value has increased by £107 per month (4.5%).
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 23, Park Drive, Romford is in very good condition we estimate a sale value of £565,496 and rental value of £2,467 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £500,868 and a rental value of £2,185 per month.
If you were able to purchase this property for the estimated value of £538,567, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,647 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, Park Drive, Romford sits on a plot of 316m2.
We have plot size data on 11 out of 20 other houses in the postcode and 23, Park Drive, Romford sits on the 11th largest plot.
According to HM Land Registry, 23, Park Drive, Romford was last sold on 18 Mar 2022 for £485,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has dropped 3.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Park Drive, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 22, Park Drive, Romford, RM1 4LH, a Freehold house which sold for £612,000 in Jun 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Drive, Romford, RM1 has a total of 46 addresses. According to our analysis of all the public data, 23, Park Drive, Romford is the 26th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £144k more expensive than the average property in RM1.
23, Park Drive, Romford has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 26 Aug 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 23, Park Drive, Romford is Romford station which is 1.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 23, Park Drive, Romford, 45.4% of property is privately owned with a mortgage and 43.7% 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, Park Drive, Romford, 20.4% of residents are recorded as possessing school level qualifications and 42.1% 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, Park Drive, 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, Park Drive, Romford, 0.3% 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, Park Drive, Romford, there are an average of 1.4 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.