According to the public record, 25, Richmond Road, Romford is a period freehold house with 635 ft2 of internal area and sits on a 195 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Richmond Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
25, Richmond Road, Romford has 31 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated August 2020.
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 25 Richmond Road Romford as £326,173 and the rental value as £1,730 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 25 Richmond Road Romford has increased by £272 (0.1%) and its rental value has increased by £105 per month (6.1%).
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 25, Richmond Road, Romford is in very good condition we estimate a sale value of £342,482 and rental value of £1,816 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £303,341 and a rental value of £1,609 per month.
If you were able to purchase this property for the estimated value of £326,173, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,603 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, 25, Richmond Road, Romford sits on a plot of 195m2.
We have plot size data on 22 out of 40 other houses in the postcode and 25, Richmond Road, Romford sits on the 6th largest plot.
According to HM Land Registry, 25, Richmond Road, Romford was last sold on 16 Apr 2021 for £315,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Apr 2021, the market for similar properties has risen 5.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 25, Richmond Road, Romford within a radius of 410 metres over the last 2 years.
The most recent example is 54, Albert Road, Romford, RM1 2PP, a Freehold house which sold for £310,000 in Oct 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Romford, RM1 has a total of 47 addresses. According to our analysis of all the public data, 25, Richmond Road, Romford is the 18th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in RM1.
25, Richmond Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Aug 2020.
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 25, Richmond Road, Romford is Romford station which is 0 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 25, Richmond Road, Romford, 39.7% of property is privately rented and 33.8% 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 25, Richmond Road, Romford, 17.7% of residents are recorded as possessing school level qualifications and 36.4% 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 25, Richmond Road, Romford, the average age was 36.6 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 25, Richmond Road, Romford, 1.2% 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 25, Richmond 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.