According to the public record, 38, Penzance Gardens, Romford is a mid-century house with 957 ft2 of internal area and sits on a 190 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Penzance Gardens, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
38, Penzance Gardens, Romford has no records in the Land Registry database and a single entry in the EPC database dated July 2014.
We combine this information with public data 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 Penzance Gardens Romford as £372,774 and the rental value as £1,917 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 38 Penzance Gardens Romford has decreased by £3,714 (1.0%) and its rental value has increased by £94 per month (4.9%).
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, Penzance Gardens, Romford is in very good condition we estimate a sale value of £391,413 and rental value of £2,013 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £346,680 and a rental value of £1,783 per month.
If you were able to purchase this property for the estimated value of £372,774, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,832 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, Penzance Gardens, Romford sits on a plot of 190m2.
We have plot size data on 20 out of 39 other houses in the postcode and 38, Penzance Gardens, Romford sits on the 9th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Penzance Gardens, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 38, Retford Road, Romford, RM3 9NB, a Freehold house which sold for £370,000 in Aug 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penzance Gardens, Romford, RM3 has a total of 39 addresses. According to our analysis of all the public data, 38, Penzance Gardens, Romford is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £12k more expensive than the average property in RM3.
38, Penzance Gardens, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Jul 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 38, Penzance Gardens, Romford is Harold Wood station which is 1.1 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, Penzance Gardens, Romford, 33.0% of property is privately owned with a mortgage and 29.4% 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 38, Penzance Gardens, Romford, 24.7% of residents are recorded as possessing school level qualifications and 33.2% 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, Penzance Gardens, 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, Penzance Gardens, Romford, 0.7% 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, Penzance Gardens, 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.