According to the public record, 4, Masefield Close, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,006 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Masefield Close, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
4, Masefield Close, Romford has 21 entries in the Land Registry database, most recently in October 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Masefield Close Romford as £392,259 and the rental value as £1,888 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 4 Masefield Close Romford has decreased by £2,256 (0.6%) and its rental value has increased by £104 per month (5.5%).
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 4, Masefield Close, Romford is in very good condition we estimate a sale value of £411,872 and rental value of £1,982 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £364,801 and a rental value of £1,756 per month.
If you were able to purchase this property for the estimated value of £392,259, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,928 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 HM Land Registry, 4, Masefield Close, Romford was last sold on 20 Oct 2008 for £215,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2008, the market for similar properties has risen 107.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Masefield Close, Romford within a radius of 590 metres over the last 2 years.
The most recent example is 43, Byron Way, Romford, RM3 7PR, a Freehold house which sold for £450,000 in Apr 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Masefield Close, Romford, RM3 has a total of 39 addresses. According to our analysis of all the public data, 4, Masefield Close, Romford is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £31k more expensive than the average property in RM3.
The closest station to 4, Masefield Close, Romford is Gidea Park station which is 1.4 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 4, Masefield Close, Romford, 36.8% of property is socially rented and 29.3% 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 4, Masefield Close, Romford, 24.1% of residents are recorded as possessing school level qualifications and 23.2% 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 4, Masefield Close, Romford, the average age was 37.6 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 4, Masefield Close, 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 4, Masefield Close, 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.