According to the public record, 3, Horace Avenue, Romford is a early-century freehold house with 1,076 ft2 of internal area and sits on a 189 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Horace Avenue, Romford, RM7 is located in the borough of Barking and Dagenham within the RM7 postal district.
3, Horace Avenue, Romford has a single entry in the Land Registry database from February 2016 and a single entry in the EPC database dated September 2015.
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 3 Horace Avenue Romford as £463,198 and the rental value as £2,196 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 3 Horace Avenue Romford has decreased by £8,817 (1.9%) and its rental value has increased by £79 per month (3.6%).
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 3, Horace Avenue, Romford is in very good condition we estimate a sale value of £486,358 and rental value of £2,305 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £430,774 and a rental value of £2,042 per month.
If you were able to purchase this property for the estimated value of £463,198, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,276 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, 3, Horace Avenue, Romford sits on a plot of 189m2.
We have plot size data on 12 out of 21 other houses in the postcode and 3, Horace Avenue, Romford sits on the 8th largest plot.
According to HM Land Registry, 3, Horace Avenue, Romford was last sold on 29 Feb 2016 for £368,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2016, the market for similar properties has risen 20.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Horace Avenue, Romford within a radius of 540 metres over the last 2 years.
The most recent example is 12, Horace Avenue, Romford, RM7 0XA, a Freehold house which sold for £485,000 in Mar 2024.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Horace Avenue, Romford, RM7 has a total of 76 addresses. According to our analysis of all the public data, 3, Horace Avenue, Romford is the 24th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £87k more expensive than the average property in RM7.
3, Horace Avenue, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Sep 2015.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 3, Horace Avenue, Romford is Romford station which is 1.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Horace Avenue, Romford, 43.7% 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 3, Horace Avenue, Romford, 20.6% of residents are recorded as possessing school level qualifications and 27.6% 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 3, Horace Avenue, Romford, the average age was 38.7 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 3, Horace Avenue, Romford, 0.8% 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 3, Horace Avenue, 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.