According to the public record, 28, Parkway, Romford is a early-century freehold house with 1,829 ft2 of internal area and sits on a 519 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Parkway, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
28, Parkway, Romford has 51 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated December 2022.
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 28 Parkway Romford as £1,089,905 and the rental value as £4,178 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 28 Parkway Romford has decreased by £29,431 (2.7%) and its rental value has increased by £136 per month (3.3%).
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 28, Parkway, Romford is in very good condition we estimate a sale value of £1,144,400 and rental value of £4,387 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,013,611 and a rental value of £3,885 per month.
If you were able to purchase this property for the estimated value of £1,089,905, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,357 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, 28, Parkway, Romford sits on a plot of 519m2.
We have plot size data on 16 out of 34 other houses in the postcode and 28, Parkway, Romford sits on the 14th largest plot.
According to HM Land Registry, 28, Parkway, Romford was last sold on 20 Dec 2023 for £950,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Dec 2023, the market for similar properties has dropped 1.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 28, Parkway, Romford within a radius of 790 metres over the last 2 years.
The most recent example is 56, Parkway, Romford, RM2 5PA, a Freehold house which sold for £1,350,000 in Jun 2023.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parkway, Romford, RM2 has a total of 62 addresses. According to our analysis of all the public data, 28, Parkway, Romford is the 24th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £574k more expensive than the average property in RM2.
28, Parkway, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Dec 2022.
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 28, Parkway, Romford is Gidea Park station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 28, Parkway, Romford, 53.7% of property is privately owned outright and 42.5% 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 28, Parkway, Romford, 11.2% of residents are recorded as possessing school level qualifications and 36.5% 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 28, Parkway, Romford, the average age was 42.3 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 28, Parkway, Romford, 2.5% 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 28, Parkway, Romford, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.