According to the public record, 298, Pettits Lane North, Romford is a early-century freehold house with 1,033 ft2 of internal area and sits on a 363 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Pettits Lane North, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
298, Pettits Lane North, Romford has 31 entries in the Land Registry database, most recently in January 2017 and a single entry in the EPC database dated October 2016.
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 298 Pettits Lane North Romford as £437,290 and the rental value as £2,232 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 298 Pettits Lane North Romford has decreased by £6,060 (1.4%) and its rental value has increased by £120 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 298, Pettits Lane North, Romford is in very good condition we estimate a sale value of £459,155 and rental value of £2,344 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £406,680 and a rental value of £2,076 per month.
If you were able to purchase this property for the estimated value of £437,290, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,149 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, 298, Pettits Lane North, Romford sits on a plot of 363m2.
We have plot size data on 22 out of 30 other houses in the postcode and 298, Pettits Lane North, Romford sits on the 11th largest plot.
According to HM Land Registry, 298, Pettits Lane North, Romford was last sold on 20 Jan 2017 for £350,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2017, the market for similar properties has risen 16.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 298, Pettits Lane North, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 274, Havering Road, Romford, RM1 4TH, a Freehold house which sold for £450,000 in Nov 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pettits Lane North, Romford, RM1 has a total of 127 addresses. According to our analysis of all the public data, 298, Pettits Lane North, Romford is the 56th largest and the 90th most expensive property on the street.
When compared to the postcode district it is £43k more expensive than the average property in RM1.
298, Pettits Lane North, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Oct 2016.
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 298, Pettits Lane North, Romford is Romford station which is 2.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 298, Pettits Lane North, Romford, 48.8% of property is privately owned outright and 43.3% 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 298, Pettits Lane North, Romford, 16.9% of residents are recorded as possessing school level qualifications and 25.8% 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 298, Pettits Lane North, Romford, the average age was 44 and the most common age was 57.
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 298, Pettits Lane North, Romford, 0.2% 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 298, Pettits Lane North, 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.