According to the public record, 54, Garry Way, Romford is a mid-century freehold house with 1,194 ft2 of internal area and sits on a 251 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Garry Way, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
54, Garry Way, Romford has a single entry in the Land Registry database from September 2023 and a single entry in the EPC database dated March 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 54 Garry Way Romford as £534,972 and the rental value as £2,506 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 54 Garry Way Romford has decreased by £12,183 (2.3%) and its rental value has increased by £111 per month (4.4%).
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 54, Garry Way, Romford is in very good condition we estimate a sale value of £561,721 and rental value of £2,631 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £497,524 and a rental value of £2,330 per month.
If you were able to purchase this property for the estimated value of £534,972, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,629 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, 54, Garry Way, Romford sits on a plot of 251m2.
We have plot size data on 16 out of 30 other houses in the postcode and 54, Garry Way, Romford sits on the 11th largest plot.
According to HM Land Registry, 54, Garry Way, Romford was last sold on 25 Sep 2023 for £495,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2023, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Garry Way, Romford within a radius of 640 metres over the last 2 years.
The most recent example is 23, Glenton Way, Romford, RM1 4AG, a Freehold house which sold for £570,000 in Apr 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Garry Way, Romford, RM1 has a total of 96 addresses. According to our analysis of all the public data, 54, Garry Way, Romford is the 18th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £141k more expensive than the average property in RM1.
54, Garry Way, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 Mar 2022.
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 54, Garry Way, Romford is Gidea Park station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 54, Garry Way, Romford, 58.0% of property is privately owned outright and 34.4% 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 54, Garry Way, Romford, 17.4% of residents are recorded as possessing school level qualifications and 22.8% 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 54, Garry Way, Romford, the average age was 44 and the most common age was 57.
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 54, Garry Way, Romford, 0.9% 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 54, Garry Way, Romford, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.