According to the public record, 36, Lodge Avenue, Romford is a mid-century freehold house with 1,022 ft2 of internal area and sits on a 426 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lodge Avenue, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
36, Lodge Avenue, Romford has a single entry in the Land Registry database from December 2021 and a single entry in the EPC database dated May 2021.
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 36 Lodge Avenue Romford as £533,539 and the rental value as £2,397 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 36 Lodge Avenue Romford has decreased by £1,405 (0.3%) and its rental value has increased by £139 per month (5.8%).
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 36, Lodge Avenue, Romford is in very good condition we estimate a sale value of £560,216 and rental value of £2,517 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £496,191 and a rental value of £2,229 per month.
If you were able to purchase this property for the estimated value of £533,539, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,622 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, 36, Lodge Avenue, Romford sits on a plot of 426m2.
We have plot size data on 20 out of 42 other houses in the postcode and 36, Lodge Avenue, Romford sits on the 2nd largest plot.
According to HM Land Registry, 36, Lodge Avenue, Romford was last sold on 20 Dec 2021 for £575,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2021, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 36, Lodge Avenue, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 25, Erroll Road, Romford, RM1 3DJ, a Freehold house which sold for £627,500 in Nov 2023.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lodge Avenue, Romford, RM2 has a total of 153 addresses. According to our analysis of all the public data, 36, Lodge Avenue, Romford is the 88th largest and the 99th most expensive property on the street.
When compared to the postcode district it is £18k more expensive than the average property in RM2.
36, Lodge Avenue, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 May 2021.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 36, Lodge Avenue, Romford is Gidea Park station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 36, Lodge Avenue, Romford, 44.9% 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 36, Lodge Avenue, Romford, 23.6% of residents are recorded as possessing school level qualifications and 36.0% 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 36, Lodge Avenue, Romford, the average age was 37 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 36, Lodge Avenue, 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 36, Lodge 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.