According to the public record, 5, Parkway, Romford is a early-century freehold house with 2,228 ft2 of internal area and sits on a 1,650 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Parkway, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
5, Parkway, Romford has a single entry in the Land Registry database from October 2023 and a single entry in the EPC database dated April 2022.
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 Parkway Romford as £1,247,059 and the rental value as £4,910 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 5 Parkway Romford has decreased by £33,675 (2.7%) and its rental value has increased by £160 per month (3.3%).
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, Parkway, Romford is in very good condition we estimate a sale value of £1,309,412 and rental value of £5,155 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,159,765 and a rental value of £4,566 per month.
If you were able to purchase this property for the estimated value of £1,247,059, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,129 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, Parkway, Romford sits on a plot of 1650m2.
We have plot size data on 16 out of 34 other houses in the postcode and 5, Parkway, Romford sits on the 2nd largest plot.
According to HM Land Registry, 5, Parkway, Romford was last sold on 13 Oct 2023 for £1,500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2023, the market for similar properties has dropped 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Parkway, Romford within a radius of 740 metres over the last 2 years.
The most recent example is 56, Parkway, Romford, RM2 5PA, a Freehold house which sold for £1,350,000 in Jun 2023.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parkway, Romford, RM2 has a total of 62 addresses. According to our analysis of all the public data, 5, Parkway, Romford is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £731k more expensive than the average property in RM2.
5, Parkway, Romford has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 09 Apr 2022.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 5, Parkway, Romford is Gidea Park station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Parkway, Romford, 53.7% of property is privately owned outright and 42.5% 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, Parkway, Romford, 11.2% of residents are recorded as possessing school level qualifications and 36.5% 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, Parkway, Romford, the average age was 42.3 and the most common age was 32.
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, Parkway, Romford, 2.5% 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, Parkway, Romford, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.