According to the public record, 271, Collier Row Lane, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,138 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Collier Row Lane, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
271, Collier Row Lane, Romford has 3 entries in the Land Registry database, most recently in February 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 271 Collier Row Lane Romford as £414,236 and the rental value as £2,136 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 271 Collier Row Lane Romford has decreased by £12,757 (3.1%) and its rental value has increased by £82 per month (3.9%).
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 271, Collier Row Lane, Romford is in very good condition we estimate a sale value of £434,948 and rental value of £2,243 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £385,239 and a rental value of £1,987 per month.
If you were able to purchase this property for the estimated value of £414,236, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,036 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 HM Land Registry, 271, Collier Row Lane, Romford was last sold on 27 Feb 2015 for £280,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2015, the market for similar properties has risen 42.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 271, Collier Row Lane, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 8, Hood Walk, Romford, RM7 8NU, a Freehold house which sold for £423,000 in Oct 2022.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Collier Row Lane, Romford, RM5 has a total of 275 addresses. According to our analysis of all the public data, 271, Collier Row Lane, Romford is the 48th largest and the 116th most expensive property on the street.
When compared to the postcode district it is £22k more expensive than the average property in RM5.
The closest station to 271, Collier Row Lane, Romford is Romford station which is 2.8 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 271, Collier Row Lane, Romford, 42.9% of property is privately owned with a mortgage and 39.7% 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 271, Collier Row Lane, Romford, 18.3% of residents are recorded as possessing school level qualifications and 25.2% 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 271, Collier Row Lane, Romford, the average age was 39.2 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 271, Collier Row 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 271, Collier Row Lane, 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.