According to the public record, 40, Faircross Avenue, Romford is a early-century freehold house with 724 ft2 of internal area and sits on a 210 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Faircross Avenue, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
40, Faircross Avenue, Romford has 2 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated August 2011.
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 40 Faircross Avenue Romford as £388,510 and the rental value as £1,797 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 40 Faircross Avenue Romford has decreased by £6,348 (1.6%) and its rental value has increased by £97 per month (5.4%).
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 40, Faircross Avenue, Romford is in very good condition we estimate a sale value of £407,936 and rental value of £1,887 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £361,314 and a rental value of £1,672 per month.
If you were able to purchase this property for the estimated value of £388,510, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,909 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, 40, Faircross Avenue, Romford sits on a plot of 210m2.
We have plot size data on 15 out of 22 other houses in the postcode and 40, Faircross Avenue, Romford sits on the 9th largest plot.
According to HM Land Registry, 40, Faircross Avenue, Romford was last sold on 21 May 2018 for £355,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2018, the market for similar properties has risen 19.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Faircross Avenue, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 42, Faircross Avenue, Romford, RM5 3UD, a Freehold house which sold for £455,000 in Apr 2023.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Faircross Avenue, Romford, RM5 has a total of 92 addresses. According to our analysis of all the public data, 40, Faircross Avenue, Romford is the 79th largest and the 75th most expensive property on the street.
When compared to the postcode district it is £4k less expensive than the average property in RM5.
40, Faircross Avenue, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Aug 2011.
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 40, Faircross Avenue, Romford is Romford station which is 2.7 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 40, Faircross Avenue, Romford, 39.3% of property is privately owned with a mortgage and 30.7% 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 40, Faircross Avenue, Romford, 25.9% of residents are recorded as possessing school level qualifications and 26.4% 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 40, Faircross Avenue, Romford, the average age was 38.8 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 40, Faircross Avenue, 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 40, Faircross Avenue, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.