According to the public record, 5, Railway Street, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 869 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Railway Street, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
5, Railway Street, Romford has 31 entries in the Land Registry database, most recently in August 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Railway Street Romford as £371,928 and the rental value as £2,013 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 5 Railway Street Romford has decreased by £828 (0.2%) and its rental value has increased by £90 per month (4.5%).
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, Railway Street, Romford is in very good condition we estimate a sale value of £390,524 and rental value of £2,113 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £345,893 and a rental value of £1,872 per month.
If you were able to purchase this property for the estimated value of £371,928, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,828 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 HM Land Registry, 5, Railway Street, Romford was last sold on 17 Aug 2007 for £215,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2007, the market for similar properties has risen 73.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Railway Street, Romford within a radius of 440 metres over the last 2 years.
The most recent example is 22, Railway Street, Romford, RM6 4JH, a Freehold house which sold for £310,000 in Mar 2021.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Railway Street, Romford, RM6 has a total of 18 addresses. According to our analysis of all the public data, 5, Railway Street, Romford is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £3k less expensive than the average property in RM6.
The closest station to 5, Railway Street, Romford is Chadwell Heath station which is 500 metres 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, Railway Street, Romford, 35.6% of property is socially rented and 30.8% 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, Railway Street, Romford, 29.8% of residents are recorded as possessing school level qualifications and 37.3% 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, Railway Street, Romford, the average age was 40.6 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, Railway Street, 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, Railway Street, Romford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.