According to the public record, 347, Mawney Road, Romford is a mid-century freehold house with 1,022 ft2 of internal area and sits on a 317 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mawney Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
347, Mawney Road, Romford has a single entry in the Land Registry database from March 2015 and a single entry in the EPC database dated October 2014.
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 347 Mawney Road Romford as £400,603 and the rental value as £2,009 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 347 Mawney Road Romford has decreased by £3,474 (0.9%) and its rental value has increased by £100 per month (5.0%).
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 347, Mawney Road, Romford is in very good condition we estimate a sale value of £420,633 and rental value of £2,109 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £372,560 and a rental value of £1,868 per month.
If you were able to purchase this property for the estimated value of £400,603, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,969 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, 347, Mawney Road, Romford sits on a plot of 317m2.
We have plot size data on 3 out of 10 other houses in the postcode and 347, Mawney Road, Romford sits on the 3rd largest plot.
According to HM Land Registry, 347, Mawney Road, Romford was last sold on 16 Mar 2015 for £290,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2015, the market for similar properties has risen 40.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 347, Mawney Road, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 12, Abbotts Close, Romford, RM7 8QU, a Freehold house which sold for £465,000 in Feb 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mawney Road, Romford, RM7 has a total of 549 addresses. According to our analysis of all the public data, 347, Mawney Road, Romford is the 227th largest and the 349th most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in RM7.
347, Mawney Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Oct 2014.
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 347, Mawney Road, Romford is Romford station which is 2.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 347, Mawney Road, Romford, 50.0% of property is privately owned outright and 39.8% 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 347, Mawney Road, Romford, 17.4% of residents are recorded as possessing school level qualifications and 26.5% 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 347, Mawney Road, Romford, the average age was 38.3 and the most common age was 37.
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 347, Mawney Road, Romford, 0.0% 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 347, Mawney Road, 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.