According to the public record, 266, Chadwell Heath Lane, Romford is a mid-century freehold house with 914 ft2 of internal area and sits on a 242 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Chadwell Heath Lane, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
266, Chadwell Heath Lane, Romford has 2 entries in the Land Registry database, most recently in October 2019 and a single entry in the EPC database dated July 2019.
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 266 Chadwell Heath Lane Romford as £438,279 and the rental value as £2,073 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 266 Chadwell Heath Lane Romford has decreased by £3,352 (0.8%) and its rental value has increased by £82 per month (4.0%).
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 266, Chadwell Heath Lane, Romford is in very good condition we estimate a sale value of £460,193 and rental value of £2,177 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,600 and a rental value of £1,928 per month.
If you were able to purchase this property for the estimated value of £438,279, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,154 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, 266, Chadwell Heath Lane, Romford sits on a plot of 242m2.
We have plot size data on 15 out of 21 other houses in the postcode and 266, Chadwell Heath Lane, Romford sits on the 8th largest plot.
According to HM Land Registry, 266, Chadwell Heath Lane, Romford was last sold on 30 Oct 2019 for £379,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2019, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 266, Chadwell Heath Lane, Romford within a radius of 450 metres over the last 2 years.
The most recent example is 14, Rochford Avenue, Romford, RM6 5DL, a Freehold house which sold for £609,000 in Dec 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chadwell Heath Lane, Romford, RM6 has a total of 308 addresses. According to our analysis of all the public data, 266, Chadwell Heath Lane, Romford is the 118th largest and the 105th most expensive property on the street.
When compared to the postcode district it is £64k more expensive than the average property in RM6.
266, Chadwell Heath Lane, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jul 2019.
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 266, Chadwell Heath Lane, Romford is Chadwell Heath station which is 1.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 266, Chadwell Heath Lane, Romford, 42.7% of property is socially rented and 28.1% 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 266, Chadwell Heath Lane, Romford, 29.1% of residents are recorded as possessing school level qualifications and 37.6% 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 266, Chadwell Heath Lane, Romford, the average age was 40.6 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 266, Chadwell Heath Lane, 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 266, Chadwell Heath Lane, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.