According to the public record, 41, The Drive, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 899 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
The Drive, Collier Row, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
41, The Drive, Romford has 31 entries in the Land Registry database, most recently in April 2007 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 41 The Drive Romford as £399,952 and the rental value as £1,931 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 41 The Drive Romford has decreased by £6,929 (1.7%) and its rental value has increased by £103 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 41, The Drive, Romford is in very good condition we estimate a sale value of £419,949 and rental value of £2,028 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,955 and a rental value of £1,796 per month.
If you were able to purchase this property for the estimated value of £399,952, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,966 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, 41, The Drive, Romford was last sold on 25 Apr 2007 for £224,995 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Apr 2007, the market for similar properties has risen 83.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, The Drive, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 13, Robin Close, Romford, RM5 3UJ, a Freehold house which sold for £427,000 in Jan 2024.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Collier Row, Romford, RM5 has a total of 115 addresses. According to our analysis of all the public data, 41, The Drive, Romford is the 43rd largest and the 68th most expensive property on the street.
When compared to the postcode district it is £8k more expensive than the average property in RM5.
The closest station to 41, The Drive, Romford is Romford station which is 2.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 41, The Drive, Romford, 46.2% of property is privately owned with a mortgage and 38.5% 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 41, The Drive, Romford, 22.9% of residents are recorded as possessing school level qualifications and 26.0% 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 41, The Drive, Romford, the average age was 40.2 and the most common age was 42.
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 41, The Drive, Romford, 0.9% 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 41, The Drive, Romford, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.