According to the public record, 42, Parkside Avenue, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,069 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Parkside Avenue, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
42, Parkside Avenue, Romford has 21 entries in the Land Registry database, most recently in December 2008 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 42 Parkside Avenue Romford as £475,947 and the rental value as £2,201 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 42 Parkside Avenue Romford has decreased by £3,682 (0.8%) and its rental value has increased by £117 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 42, Parkside Avenue, Romford is in very good condition we estimate a sale value of £499,744 and rental value of £2,311 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £442,630 and a rental value of £2,047 per month.
If you were able to purchase this property for the estimated value of £475,947, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,339 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, 42, Parkside Avenue, Romford was last sold on 19 Dec 2008 for £250,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2008, the market for similar properties has risen 98.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Parkside Avenue, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 48, Seymer Road, Romford, RM1 4LB, a Freehold house which sold for £554,000 in Sep 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parkside Avenue, Romford, RM1 has a total of 204 addresses. According to our analysis of all the public data, 42, Parkside Avenue, Romford is the 54th largest and the 61st most expensive property on the street.
When compared to the postcode district it is £82k more expensive than the average property in RM1.
The closest station to 42, Parkside 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 42, Parkside Avenue, Romford, 34.9% of property is privately owned with a mortgage and 34.1% 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 42, Parkside Avenue, Romford, 24.8% of residents are recorded as possessing school level qualifications and 33.7% 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 42, Parkside Avenue, 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 42, Parkside 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 42, Parkside 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.