According to the public record, 42, Parkway, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,797 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Parkway, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
42, Parkway, Romford has 21 entries in the Land Registry database, most recently in April 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 42 Parkway Romford as £866,218 and the rental value as £3,359 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 42 Parkway Romford has decreased by £23,391 (2.7%) and its rental value has increased by £110 per month (3.3%).
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, Parkway, Romford is in very good condition we estimate a sale value of £909,529 and rental value of £3,527 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £805,583 and a rental value of £3,124 per month.
If you were able to purchase this property for the estimated value of £866,218, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,257 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, Parkway, Romford was last sold on 21 Apr 2006 for £610,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Parkway, Romford within a radius of 770 metres over the last 2 years.
The most recent example is 10, Wayside Close, Romford, RM1 4ES, a Freehold house which sold for £850,000 in Feb 2023.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parkway, Romford, RM2 has a total of 62 addresses. According to our analysis of all the public data, 42, Parkway, Romford is the 26th largest and the 49th most expensive property on the street.
When compared to the postcode district it is £350k more expensive than the average property in RM2.
The closest station to 42, Parkway, Romford is Gidea Park station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 42, Parkway, Romford, 53.7% of property is privately owned outright and 42.5% is privately owned with a mortgage.
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, Parkway, Romford, 11.2% of residents are recorded as possessing school level qualifications and 36.5% 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, Parkway, Romford, the average age was 42.3 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 42, Parkway, Romford, 2.5% 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, Parkway, Romford, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.