According to the public record, 5, Orchard Road, Romford is a early-century freehold house with 990 ft2 of internal area and sits on a 186 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Orchard Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
5, Orchard Road, Romford has a single entry in the Land Registry database from January 2020 and a single entry in the EPC database dated July 2019.
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 Orchard Road Romford as £413,868 and the rental value as £2,001 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 5 Orchard Road Romford has decreased by £5,470 (1.3%) and its rental value has increased by £108 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, Orchard Road, Romford is in very good condition we estimate a sale value of £434,561 and rental value of £2,101 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £384,897 and a rental value of £1,861 per month.
If you were able to purchase this property for the estimated value of £413,868, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,034 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, Orchard Road, Romford sits on a plot of 186m2.
We have plot size data on 18 out of 34 other houses in the postcode and 5, Orchard Road, Romford sits on the 12th largest plot.
According to HM Land Registry, 5, Orchard Road, Romford was last sold on 15 Jan 2020 for £360,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2020, the market for similar properties has risen 14.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Orchard Road, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 4, Elm Road, Romford, RM7 8HH, a Freehold house which sold for £460,000 in Jun 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Orchard Road, Romford, RM7 has a total of 44 addresses. According to our analysis of all the public data, 5, Orchard Road, Romford is the 20th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in RM7.
5, Orchard Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Jul 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 5, Orchard Road, Romford is Romford station which is 2.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Orchard Road, Romford, 40.0% of property is privately owned with a mortgage and 33.1% is privately owned outright.
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, Orchard Road, Romford, 20.9% of residents are recorded as possessing school level qualifications and 20.6% 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, Orchard Road, 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, Orchard Road, Romford, 1.1% 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, Orchard Road, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.