According to the public record, 29, Sheila Road, Romford is a early-century freehold house with 871 ft2 of internal area and sits on a 272 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Sheila Road, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
29, Sheila Road, Romford has a single entry in the Land Registry database from November 2022 and a single entry in the EPC database dated July 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 29 Sheila Road Romford as £430,387 and the rental value as £1,960 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 29 Sheila Road Romford has decreased by £8,233 (1.9%) and its rental value has increased by £101 per month (5.1%).
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 29, Sheila Road, Romford is in very good condition we estimate a sale value of £451,906 and rental value of £2,058 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £400,260 and a rental value of £1,823 per month.
If you were able to purchase this property for the estimated value of £430,387, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,115 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, 29, Sheila Road, Romford sits on a plot of 272m2.
We have plot size data on 14 out of 26 other houses in the postcode and 29, Sheila Road, Romford sits on the 3rd largest plot.
According to HM Land Registry, 29, Sheila Road, Romford was last sold on 10 Nov 2022 for £460,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2022, the market for similar properties has dropped 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29, Sheila Road, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 61, Sheila Road, Romford, RM5 2NU, a Freehold house which sold for £390,000 in Jan 2023.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sheila Road, Romford, RM5 has a total of 51 addresses. According to our analysis of all the public data, 29, Sheila Road, Romford is the 14th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in RM5.
29, Sheila Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Jul 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 29, Sheila Road, Romford is Romford station which is 3.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 29, Sheila Road, Romford, 44.3% of property is privately owned outright and 42.6% 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 29, Sheila Road, Romford, 18.2% of residents are recorded as possessing school level qualifications and 22.9% 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 29, Sheila Road, 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 29, Sheila 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 29, Sheila Road, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.