According to the public record, 5, Oak Street, Romford is a early-century freehold house with 828 ft2 of internal area and sits on a 100 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oak Street, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
5, Oak Street, Romford has 21 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated January 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 Oak Street Romford as £384,619 and the rental value as £1,908 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 5 Oak Street Romford has decreased by £2,435 (0.6%) and its rental value has increased by £94 per month (4.9%).
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, Oak Street, Romford is in very good condition we estimate a sale value of £403,850 and rental value of £2,004 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £357,696 and a rental value of £1,775 per month.
If you were able to purchase this property for the estimated value of £384,619, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,890 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, Oak Street, Romford sits on a plot of 100m2.
We have plot size data on 13 out of 28 other houses in the postcode and 5, Oak Street, Romford sits on the 14th largest plot.
According to HM Land Registry, 5, Oak Street, Romford was last sold on 12 Aug 2021 for £378,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2021, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Oak Street, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 1, Oak Street, Romford, RM7 7BS, a Freehold house which sold for £392,500 in Nov 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Street, Romford, RM7 has a total of 62 addresses. According to our analysis of all the public data, 5, Oak Street, Romford is the 32nd largest and the 28th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in RM7.
5, Oak Street, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Jan 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, Oak Street, Romford is Romford station which is 1.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Oak Street, Romford, 36.8% of property is privately owned with a mortgage and 33.3% is privately 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, Oak Street, Romford, 22.9% of residents are recorded as possessing school level qualifications and 33.3% 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, Oak Street, Romford, the average age was 38.3 and the most common age was 37.
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, Oak Street, 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, Oak Street, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.