According to the public record, 40, Woodrush Way, Romford is a mid-century freehold house with 678 ft2 of internal area and sits on a 95.6 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Woodrush Way, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
40, Woodrush Way, Romford has a single entry in the Land Registry database from April 2022 and a single entry in the EPC database dated January 2022.
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 Woodrush Way Romford as £321,165 and the rental value as £1,782 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 40 Woodrush Way Romford has decreased by £1,429 (0.4%) and its rental value has increased by £78 per month (4.4%).
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, Woodrush Way, Romford is in very good condition we estimate a sale value of £337,223 and rental value of £1,871 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £298,683 and a rental value of £1,658 per month.
If you were able to purchase this property for the estimated value of £321,165, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,578 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, Woodrush Way, Romford sits on a plot of 96m2.
We have plot size data on 41 out of 59 other houses in the postcode and 40, Woodrush Way, Romford sits on the 34th largest plot.
According to HM Land Registry, 40, Woodrush Way, Romford was last sold on 04 Apr 2022 for £310,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2022, the market for similar properties has dropped 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Woodrush Way, Romford within a radius of 480 metres over the last 2 years.
The most recent example is 58, Woodrush Way, Romford, RM6 5BL, a Freehold house which sold for £353,500 in Oct 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Woodrush Way, Romford, RM6 has a total of 59 addresses. According to our analysis of all the public data, 40, Woodrush Way, Romford is the 44th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in RM6.
40, Woodrush Way, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Jan 2022.
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, Woodrush Way, Romford is Chadwell Heath station which is 1.6 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, Woodrush Way, Romford, 38.0% of property is privately owned with a mortgage and 24.8% 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, Woodrush Way, Romford, 26.4% of residents are recorded as possessing school level qualifications and 36.7% 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, Woodrush Way, Romford, the average age was 34.1 and the most common age was 12.
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, Woodrush Way, 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, Woodrush Way, 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.