According to the public record, 46, Parkway, Romford is a early-century freehold house with 1,786 ft2 of internal area and sits on a 543 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Parkway, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
46, Parkway, Romford has 31 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated February 2018.
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 46 Parkway Romford as £1,069,974 and the rental value as £4,101 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 46 Parkway Romford has decreased by £28,893 (2.7%) and its rental value has increased by £134 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 46, Parkway, Romford is in very good condition we estimate a sale value of £1,123,472 and rental value of £4,306 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £995,076 and a rental value of £3,814 per month.
If you were able to purchase this property for the estimated value of £1,069,974, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,259 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, 46, Parkway, Romford sits on a plot of 543m2.
We have plot size data on 7 out of 10 other houses in the postcode and 46, Parkway, Romford sits on the 5th largest plot.
According to HM Land Registry, 46, Parkway, Romford was last sold on 28 Feb 2022 for £1,000,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2022, the market for similar properties has dropped 5.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 46, Parkway, Romford within a radius of 810 metres over the last 2 years.
The most recent example is 56, Parkway, Romford, RM2 5PA, a Freehold house which sold for £1,350,000 in Jun 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, 46, Parkway, Romford is the 39th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £554k more expensive than the average property in RM2.
46, Parkway, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Feb 2018.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 46, Parkway, Romford is Gidea Park station which is 1.4 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 46, 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 46, 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 46, 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 46, 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 46, 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.