According to the public record, 5, Greenock Way, Romford is a early-century house with 871 ft2 of internal area and sits on a 233 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Greenock Way, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
5, Greenock Way, Romford has no records in the Land Registry database and a single entry in the EPC database dated September 2016.
We combine this information with public data 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 Greenock Way Romford as £457,032 and the rental value as £2,206 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 5 Greenock Way Romford has decreased by £6,335 (1.4%) and its rental value has increased by £119 per month (5.4%).
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, Greenock Way, Romford is in very good condition we estimate a sale value of £479,883 and rental value of £2,316 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £425,040 and a rental value of £2,051 per month.
If you were able to purchase this property for the estimated value of £457,032, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,246 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, Greenock Way, Romford sits on a plot of 233m2.
We have plot size data on 16 out of 27 other houses in the postcode and 5, Greenock Way, Romford sits on the 13th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Greenock Way, Romford within a radius of 680 metres over the last 2 years.
The most recent example is 8, Greenock Way, Romford, RM1 4RT, a Freehold house which sold for £445,000 in Jun 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Greenock Way, Romford, RM1 has a total of 27 addresses. According to our analysis of all the public data, 5, Greenock Way, Romford is the 23rd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £63k more expensive than the average property in RM1.
5, Greenock Way, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Sep 2016.
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, Greenock Way, Romford is Gidea Park station which is 2.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Greenock Way, Romford, 58.1% of property is privately owned outright and 38.0% 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, Greenock Way, Romford, 16.4% of residents are recorded as possessing school level qualifications and 23.8% 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, Greenock Way, 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, Greenock Way, Romford, 0.3% 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, Greenock Way, 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.