According to the public record, 34, Park Drive, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,603 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Park Drive, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
34, Park Drive, Romford has a single entry in the Land Registry database from September 2006 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 good condition, we estimate the current sale value for 34 Park Drive Romford as £514,965 and the rental value as £2,368 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 34 Park Drive Romford has decreased by £7,720 (1.5%) and its rental value has increased by £107 per month (4.5%).
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 34, Park Drive, Romford is in very good condition we estimate a sale value of £540,714 and rental value of £2,486 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £478,918 and a rental value of £2,202 per month.
If you were able to purchase this property for the estimated value of £514,965, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,531 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, 34, Park Drive, Romford was last sold on 15 Sep 2006 for £415,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 34, Park Drive, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 30, Dorset Avenue, Romford, RM1 4LP, a Freehold house which sold for £510,000 in Dec 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Drive, Romford, RM1 has a total of 46 addresses. According to our analysis of all the public data, 34, Park Drive, Romford is the 11th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £121k more expensive than the average property in RM1.
The closest station to 34, Park Drive, Romford is Romford station which is 900 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 34, Park Drive, Romford, 45.4% of property is privately owned with a mortgage and 43.7% 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 34, Park Drive, Romford, 20.4% of residents are recorded as possessing school level qualifications and 42.1% 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 34, Park Drive, Romford, the average age was 40.2 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 34, Park Drive, Romford, 0.3% 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 34, Park Drive, Romford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.