According to the public record, 28, Rodney Way, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 900 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Rodney Way, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
28, Rodney Way, Romford has a single entry in the Land Registry database from September 2007 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 28 Rodney Way Romford as £438,146 and the rental value as £1,951 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 28 Rodney Way Romford has decreased by £5,791 (1.3%) and its rental value has increased by £106 per month (5.4%).
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, Rodney Way, Romford is in very good condition we estimate a sale value of £460,053 and rental value of £2,049 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,476 and a rental value of £1,815 per month.
If you were able to purchase this property for the estimated value of £438,146, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,153 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, 28, Rodney Way, Romford was last sold on 06 Sep 2007 for £219,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2007, the market for similar properties has risen 81.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 28, Rodney Way, Romford within a radius of 610 metres over the last 2 years.
The most recent example is 10, Howe Close, Romford, RM7 8JL, a Freehold house which sold for £445,000 in Jan 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rodney Way, Romford, RM7 has a total of 62 addresses. According to our analysis of all the public data, 28, Rodney Way, Romford is the 13th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £62k more expensive than the average property in RM7.
The closest station to 28, Rodney Way, Romford is Romford station which is 2.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 28, Rodney Way, Romford, 40.0% of property is privately owned with a mortgage and 33.1% 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 28, Rodney Way, Romford, 20.9% of residents are recorded as possessing school level qualifications and 20.6% 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 28, Rodney Way, Romford, the average age was 38.3 and the most common age was 37.
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, Rodney Way, Romford, 1.1% 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, Rodney Way, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.