According to the public record, 341, Pettits Lane North, Romford is a mid-century freehold house with 807 ft2 of internal area and sits on a 334 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.
341, Pettits Lane North, Romford has 2 entries in the Land Registry database, most recently in July 2020 and a single entry in the EPC database dated April 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 341 Pettits Lane North Romford as £424,357 and the rental value as £2,119 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 341 Pettits Lane North Romford has decreased by £3,962 (0.9%) and its rental value has increased by £118 per month (5.6%).
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 341, Pettits Lane North, Romford is in very good condition we estimate a sale value of £445,575 and rental value of £2,225 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £394,652 and a rental value of £1,970 per month.
If you were able to purchase this property for the estimated value of £424,357, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,086 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, 341, Pettits Lane North, Romford sits on a plot of 334m2.
We have plot size data on 13 out of 20 other houses in the postcode and 341, Pettits Lane North, Romford sits on the 7th largest plot.
According to HM Land Registry, 341, Pettits Lane North, Romford was last sold on 10 Jul 2020 for £415,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2020, the market for similar properties has risen 10.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 341, Pettits Lane North, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 209, Havering Road, Romford, RM1 4TB, a Freehold house which sold for £485,000 in Oct 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, 341, Pettits Lane North, Romford is the 103rd largest and the 94th most expensive property on the street.
When compared to the postcode district it is £30k more expensive than the average property in RM1.
341, Pettits Lane North, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Apr 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 341, Pettits Lane North, Romford is Romford station which is 2.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 341, Pettits Lane North, Romford, 59.5% of property is privately owned outright and 27.3% 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 341, Pettits Lane North, Romford, 15.1% of residents are recorded as possessing school level qualifications and 20.7% 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 341, 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 341, Pettits Lane North, Romford, 1.4% 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 341, Pettits Lane North, 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.