According to the public record, 5, The Ridgeway, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,033 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
The Ridgeway, Gidea Park, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
5, The Ridgeway, Romford has 21 entries in the Land Registry database, most recently in June 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.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 The Ridgeway Romford as £524,848 and the rental value as £2,430 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 5 The Ridgeway Romford has increased by £73 (0.0%) and its rental value has increased by £148 per month (6.1%).
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, The Ridgeway, Romford is in very good condition we estimate a sale value of £551,090 and rental value of £2,551 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £488,108 and a rental value of £2,259 per month.
If you were able to purchase this property for the estimated value of £524,848, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,579 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, The Ridgeway, Romford was last sold on 18 Jun 2007 for £289,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2007, the market for similar properties has risen 69.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, The Ridgeway, Romford within a radius of 560 metres over the last 2 years.
The most recent example is 97, Glenwood Drive, Romford, RM2 5AR, a Freehold house which sold for £595,000 in Oct 2022.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Ridgeway, Gidea Park, Romford, RM2 has a total of 45 addresses. According to our analysis of all the public data, 5, The Ridgeway, Romford is the 30th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in RM2.
The closest station to 5, The Ridgeway, Romford is Gidea Park station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, The Ridgeway, Romford, 46.7% of property is privately owned outright and 43.7% 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, The Ridgeway, Romford, 16.5% of residents are recorded as possessing school level qualifications and 33.7% 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, The Ridgeway, Romford, the average age was 42.1 and the most common age was 52.
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, The Ridgeway, Romford, 0.6% 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, The Ridgeway, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.