According to the public record, 5, Nelson Close, Romford is a mid-century freehold house with 1,130 ft2 of internal area and sits on a 183 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Nelson Close, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
5, Nelson Close, Romford has a single entry in the Land Registry database from March 2015 and a single entry in the EPC database dated August 2014.
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 Nelson Close Romford as £440,656 and the rental value as £2,178 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 5 Nelson Close Romford has decreased by £12,408 (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, Nelson Close, Romford is in very good condition we estimate a sale value of £462,689 and rental value of £2,287 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £409,810 and a rental value of £2,026 per month.
If you were able to purchase this property for the estimated value of £440,656, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,166 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, Nelson Close, Romford sits on a plot of 183m2.
We have plot size data on 8 out of 14 other houses in the postcode and 5, Nelson Close, Romford sits on the 8th largest plot.
According to HM Land Registry, 5, Nelson Close, Romford was last sold on 31 Mar 2015 for £315,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2015, the market for similar properties has risen 40.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Nelson Close, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 31, Victory Way, Romford, RM7 8PB, a Freehold house which sold for £445,000 in Dec 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nelson Close, Romford, RM7 has a total of 14 addresses. According to our analysis of all the public data, 5, Nelson Close, Romford is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £65k more expensive than the average property in RM7.
5, Nelson Close, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Aug 2014.
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, Nelson 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, Nelson 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, Nelson 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, Nelson 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, Nelson 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, Nelson 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.