According to the public record, 5, Argus Close, Romford is a mid-century freehold house with 1,130 ft2 of internal area and sits on a 344 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Argus Close, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
5, Argus Close, Romford has a single entry in the Land Registry database from February 2021 and a single entry in the EPC database dated March 2020.
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 5 Argus Close Romford as £441,965 and the rental value as £2,179 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 5 Argus Close Romford has decreased by £12,444 (2.8%) and its rental value has increased by £88 per month (4.0%).
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 5, Argus Close, Romford is in very good condition we estimate a sale value of £464,063 and rental value of £2,288 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £411,027 and a rental value of £2,027 per month.
If you were able to purchase this property for the estimated value of £441,965, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,172 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, 5, Argus Close, Romford sits on a plot of 344m2.
We have plot size data on 9 out of 14 other houses in the postcode and 5, Argus Close, Romford sits on the 3rd largest plot.
According to HM Land Registry, 5, Argus Close, Romford was last sold on 19 Feb 2021 for £390,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2021, the market for similar properties has risen 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Argus Close, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 119, Lynton Avenue, Romford, RM7 8NH, a Freehold house which sold for £525,000 in Mar 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Argus Close, Romford, RM7 has a total of 20 addresses. According to our analysis of all the public data, 5, Argus Close, Romford is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £66k more expensive than the average property in RM7.
5, Argus Close, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Mar 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 5, Argus Close, 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 5, Argus Close, Romford, 31.9% of property is privately owned with a mortgage and 29.7% is socially rented.
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 5, Argus Close, Romford, 20.5% of residents are recorded as possessing school level qualifications and 21.2% 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 5, Argus Close, Romford, the average age was 39.2 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 5, Argus Close, 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 5, Argus Close, Romford, there are an average of 1.2 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.