According to the public record, 4, Philip Close, Romford is a mid-century freehold house with 775 ft2 of internal area and sits on a 491 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Philip Close, Romford, RM7 is located in the borough of Barking and Dagenham within the RM7 postal district.
4, Philip Close, Romford has a single entry in the Land Registry database from November 2017 and a single entry in the EPC database dated June 2017.
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 Philip Close Romford as £370,630 and the rental value as £1,887 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 4 Philip Close Romford has decreased by £2,534 (0.7%) and its rental value has increased by £92 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 4, Philip Close, Romford is in very good condition we estimate a sale value of £389,161 and rental value of £1,982 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £344,686 and a rental value of £1,755 per month.
If you were able to purchase this property for the estimated value of £370,630, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,822 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, Philip Close, Romford sits on a plot of 491m2.
We have plot size data on 6 out of 8 other houses in the postcode and 4, Philip Close, Romford sits on the 2nd largest plot.
According to HM Land Registry, 4, Philip Close, Romford was last sold on 10 Nov 2017 for £325,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2017, the market for similar properties has risen 15.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Philip Close, Romford within a radius of 550 metres over the last 2 years.
The most recent example is 41, Fourth Avenue, Romford, RM7 0UB, a Freehold house which sold for £430,000 in May 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Philip Close, Romford, RM7 has a total of 8 addresses. According to our analysis of all the public data, 4, Philip Close, Romford is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £5k less expensive than the average property in RM7.
4, Philip Close, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 29 Jun 2017.
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, Philip Close, Romford is Elm Park station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Philip Close, Romford, 43.4% of property is privately owned outright and 34.5% 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, Philip Close, Romford, 18.4% of residents are recorded as possessing school level qualifications and 27.5% 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 4, Philip Close, Romford, the average age was 38.7 and the most common age was 32.
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, Philip Close, Romford, 1.0% 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, Philip Close, 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.