According to the public record, 38, Oakley Drive, Romford is a mid-century freehold house with 968 ft2 of internal area and sits on a 255 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oakley Drive, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
38, Oakley Drive, Romford has a single entry in the Land Registry database from March 2023 and a single entry in the EPC database dated September 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 38 Oakley Drive Romford as £387,332 and the rental value as £1,961 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 38 Oakley Drive Romford has decreased by £4,319 (1.1%) and its rental value has increased by £94 per month (4.8%).
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 38, Oakley Drive, Romford is in very good condition we estimate a sale value of £406,698 and rental value of £2,059 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £360,219 and a rental value of £1,823 per month.
If you were able to purchase this property for the estimated value of £387,332, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,904 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, 38, Oakley Drive, Romford sits on a plot of 255m2.
We have plot size data on 12 out of 22 other houses in the postcode and 38, Oakley Drive, Romford sits on the 5th largest plot.
According to HM Land Registry, 38, Oakley Drive, Romford was last sold on 01 Mar 2023 for £387,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2023, the market for similar properties has dropped 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Oakley Drive, Romford within a radius of 720 metres over the last 2 years.
The most recent example is 57, Sheffield Drive, Romford, RM3 9YB, a Freehold house which sold for £415,000 in Apr 2024.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakley Drive, Romford, RM3 has a total of 52 addresses. According to our analysis of all the public data, 38, Oakley Drive, Romford is the 27th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £27k more expensive than the average property in RM3.
38, Oakley Drive, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Sep 2022.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 38, Oakley Drive, Romford is Harold Wood station which is 1.8 kilometres 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 38, Oakley Drive, Romford, 33.3% of property is privately owned with a mortgage and 26.4% is socially rented.
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 38, Oakley Drive, Romford, 23.2% of residents are recorded as possessing school level qualifications and 24.2% 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 38, Oakley Drive, Romford, the average age was 35.9 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 38, Oakley Drive, 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 38, Oakley Drive, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.