According to the public record, 5, Fairoak Gardens, Romford is a mid-century freehold house with 1,011 ft2 of internal area and sits on a 319 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Fairoak Gardens, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
5, Fairoak Gardens, Romford has a single entry in the Land Registry database from December 2017 and a single entry in the EPC database dated June 2017.
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 Fairoak Gardens Romford as £417,942 and the rental value as £2,149 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 5 Fairoak Gardens Romford has decreased by £3,808 (0.9%) and its rental value has increased by £114 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 5, Fairoak Gardens, Romford is in very good condition we estimate a sale value of £438,839 and rental value of £2,257 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £388,686 and a rental value of £1,999 per month.
If you were able to purchase this property for the estimated value of £417,942, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,054 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, Fairoak Gardens, Romford sits on a plot of 319m2.
We have plot size data on 9 out of 22 other houses in the postcode and 5, Fairoak Gardens, Romford sits on the 3rd largest plot.
According to HM Land Registry, 5, Fairoak Gardens, Romford was last sold on 08 Dec 2017 for £375,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2017, the market for similar properties has risen 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Fairoak Gardens, Romford within a radius of 550 metres over the last 2 years.
The most recent example is 120, Eastern Avenue East, Romford, RM1 4DT, a Freehold house which sold for £407,000 in Apr 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fairoak Gardens, Romford, RM1 has a total of 22 addresses. According to our analysis of all the public data, 5, Fairoak Gardens, Romford is the 7th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £24k more expensive than the average property in RM1.
5, Fairoak Gardens, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jun 2017.
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, Fairoak Gardens, Romford is Romford station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Fairoak Gardens, Romford, 41.9% of property is privately owned outright and 37.5% 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 5, Fairoak Gardens, Romford, 13.6% of residents are recorded as possessing school level qualifications and 34.8% 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, Fairoak Gardens, Romford, the average age was 44 and the most common age was 57.
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, Fairoak Gardens, 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, Fairoak Gardens, Romford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.