According to the public record, 47, Balgores Lane, Romford is a modern leasehold house with 1,614 ft2 of internal area and sits on a 442 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Balgores Lane, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
47, Balgores Lane, Romford has a single entry in the Land Registry database from October 2019 and a single entry in the EPC database dated April 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 47 Balgores Lane Romford as £853,920 and the rental value as £3,273 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 47 Balgores Lane Romford has decreased by £17,966 (2.1%) and its rental value has increased by £125 per month (3.8%).
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 47, Balgores Lane, Romford is in very good condition we estimate a sale value of £896,616 and rental value of £3,437 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £794,146 and a rental value of £3,044 per month.
If you were able to purchase this property for the estimated value of £853,920, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,197 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, 47, Balgores Lane, Romford sits on a plot of 442m2.
We have plot size data on 16 out of 27 other houses in the postcode and 47, Balgores Lane, Romford sits on the 15th largest plot.
According to HM Land Registry, 47, Balgores Lane, Romford was last sold on 18 Oct 2019 for £730,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2019, the market for similar properties has risen 8.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47, Balgores Lane, Romford within a radius of 570 metres over the last 2 years.
The most recent example is 53, Balgores Lane, Romford, RM2 5JU, a Freehold house which sold for £730,000 in Jun 2024.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balgores Lane, Romford, RM2 has a total of 171 addresses. According to our analysis of all the public data, 47, Balgores Lane, Romford is the 46th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £338k more expensive than the average property in RM2.
47, Balgores Lane, Romford has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 05 Apr 2016.
The property is connected to mains gas and has partial secondary glazing. It is heated using a boiler and radiators.
The closest station to 47, Balgores Lane, Romford is Gidea Park station which is 300 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 47, Balgores Lane, Romford, 47.4% 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 47, Balgores Lane, Romford, 15.0% of residents are recorded as possessing school level qualifications and 39.2% 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 47, Balgores Lane, 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 47, Balgores Lane, Romford, 0.6% 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 47, Balgores Lane, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.