According to the public record, 24, Richards Avenue, Romford is a early-century freehold house with 871 ft2 of internal area and sits on a 193 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Richards Avenue, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
24, Richards Avenue, Romford has a single entry in the Land Registry database from September 2009 and a single entry in the EPC database dated May 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 24 Richards Avenue Romford as £421,565 and the rental value as £1,979 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 24 Richards Avenue Romford has decreased by £1,648 (0.4%) and its rental value has increased by £101 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 24, Richards Avenue, Romford is in very good condition we estimate a sale value of £442,643 and rental value of £2,078 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,055 and a rental value of £1,841 per month.
If you were able to purchase this property for the estimated value of £421,565, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,072 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, 24, Richards Avenue, Romford sits on a plot of 193m2.
We have plot size data on 27 out of 36 other houses in the postcode and 24, Richards Avenue, Romford sits on the 22nd largest plot.
According to HM Land Registry, 24, Richards Avenue, Romford was last sold on 30 Sep 2009 for £176,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2009, the market for similar properties has risen 110.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Richards Avenue, Romford within a radius of 450 metres over the last 2 years.
The most recent example is 3, Richards Avenue, Romford, RM7 9ES, a Freehold house which sold for £415,000 in Jan 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richards Avenue, Romford, RM7 has a total of 40 addresses. According to our analysis of all the public data, 24, Richards Avenue, Romford is the 16th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £46k more expensive than the average property in RM7.
24, Richards Avenue, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 May 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 24, Richards Avenue, 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 24, Richards Avenue, Romford, 30.9% of property is privately owned with a mortgage 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 24, Richards Avenue, Romford, 24.8% of residents are recorded as possessing school level qualifications and 35.2% 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 24, Richards Avenue, 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 24, Richards Avenue, 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 24, Richards Avenue, 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.