According to the public record, 4, Pettits Close, Romford is a mid-century freehold house with 936 ft2 of internal area and sits on a 292 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Pettits Close, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
4, Pettits Close, Romford has a single entry in the Land Registry database from March 2017 and a single entry in the EPC database dated March 2016.
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 4 Pettits Close Romford as £444,155 and the rental value as £2,149 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 4 Pettits Close Romford has decreased by £4,047 (0.9%) and its rental value has increased by £114 per month (5.3%).
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, Pettits Close, Romford is in very good condition we estimate a sale value of £466,362 and rental value of £2,257 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £413,064 and a rental value of £1,999 per month.
If you were able to purchase this property for the estimated value of £444,155, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,183 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, 4, Pettits Close, Romford sits on a plot of 292m2.
We have plot size data on 16 out of 21 other houses in the postcode and 4, Pettits Close, Romford sits on the 7th largest plot.
According to HM Land Registry, 4, Pettits Close, Romford was last sold on 24 Mar 2017 for £380,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2017, the market for similar properties has risen 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Pettits Close, Romford within a radius of 570 metres over the last 2 years.
The most recent example is 183, Parkside Avenue, Romford, RM1 4NL, a Freehold house which sold for £465,000 in Oct 2020.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pettits Close, Romford, RM1 has a total of 21 addresses. According to our analysis of all the public data, 4, Pettits Close, Romford is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £50k more expensive than the average property in RM1.
4, Pettits Close, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Mar 2016.
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 4, Pettits Close, Romford is Romford station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Pettits Close, Romford, 41.9% of property is privately owned outright and 37.5% 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, Pettits Close, Romford, 13.6% of residents are recorded as possessing school level qualifications and 34.8% 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, Pettits Close, Romford, the average age was 44 and the most common age was 57.
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, Pettits 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, Pettits Close, Romford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.