According to the public record, 39, Oak Street, Romford is a mid-century freehold house with 1,022 ft2 of internal area and sits on a 184 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oak Street, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
39, Oak Street, Romford has 51 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated January 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 39 Oak Street Romford as £462,218 and the rental value as £2,100 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 39 Oak Street Romford has decreased by £2,926 (0.6%) and its rental value has increased by £103 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 39, Oak Street, Romford is in very good condition we estimate a sale value of £485,329 and rental value of £2,205 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £429,862 and a rental value of £1,953 per month.
If you were able to purchase this property for the estimated value of £462,218, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,272 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, 39, Oak Street, Romford sits on a plot of 184m2.
We have plot size data on 10 out of 13 other houses in the postcode and 39, Oak Street, Romford sits on the 10th largest plot.
According to HM Land Registry, 39, Oak Street, Romford was last sold on 21 May 2018 for £385,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since May 2018, the market for similar properties has risen 16.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Oak Street, Romford within a radius of 540 metres over the last 2 years.
The most recent example is 36, Oak Street, Romford, RM7 7BA, a Freehold house which sold for £447,000 in Dec 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Street, Romford, RM7 has a total of 62 addresses. According to our analysis of all the public data, 39, Oak Street, Romford is the 14th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £86k more expensive than the average property in RM7.
39, Oak Street, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Jan 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 39, Oak Street, Romford is Romford station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 39, Oak Street, Romford, 46.1% of property is privately owned with a mortgage and 28.7% 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 39, Oak Street, Romford, 18.0% of residents are recorded as possessing school level qualifications and 36.5% 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 39, Oak Street, 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 39, Oak Street, Romford, 0.3% 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 39, Oak Street, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.