40, Horace Avenue, Romford has a single entry in the Land Registry database from September 2006 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.
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, Horace Avenue, Romford is in very good condition we estimate a sale value of £434,374 and rental value of £2,080 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £384,732 and a rental value of £1,842 per month.
If you were able to purchase this property for the estimated value of £413,690, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,033 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, 40, Horace Avenue, Romford was last sold on 29 Sep 2006 for £230,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Horace Avenue, Romford within a radius of 580 metres over the last 2 years.
The most recent example is 44, Philip Avenue, Romford, RM7 0XH, a Freehold house which sold for £454,000 in Jan 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Horace Avenue, Romford, RM7 has a total of 76 addresses. According to our analysis of all the public data, 40, Horace Avenue, Romford is the 71st largest and the 37th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in RM7.
According to the public record, 40, Horace Avenue, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 753 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Horace Avenue, Romford, RM7 is located in the borough of Barking and Dagenham within the RM7 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 40 Horace Avenue Romford as £413,690 and the rental value as £1,981 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 40 Horace Avenue Romford has decreased by £2,829 (0.7%) and its rental value has increased by £97 per month (4.9%).
The closest station to 40, Horace Avenue, 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 40, Horace Avenue, Romford, 43.7% of property is privately owned with a mortgage and 39.7% 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, Horace Avenue, Romford, 20.6% of residents are recorded as possessing school level qualifications and 27.6% 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, Horace Avenue, 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 40, Horace Avenue, Romford, 0.8% 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, Horace Avenue, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.