According to the public record, 54, Paines Brook Way, Romford is a mid-century freehold house with 871 ft2 of internal area and sits on a 219 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Paines Brook Way, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
54, Paines Brook Way, Romford has 21 entries in the Land Registry database, most recently in April 2014 and a single entry in the EPC database dated December 2013.
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 Paines Brook Way Romford as £376,944 and the rental value as £1,889 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 54 Paines Brook Way Romford has decreased by £5,225 (1.4%) and its rental value has increased by £85 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 54, Paines Brook Way, Romford is in very good condition we estimate a sale value of £395,791 and rental value of £1,984 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £350,558 and a rental value of £1,757 per month.
If you were able to purchase this property for the estimated value of £376,944, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,853 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, Paines Brook Way, Romford sits on a plot of 219m2.
We have plot size data on 12 out of 24 other houses in the postcode and 54, Paines Brook Way, Romford sits on the 5th largest plot.
According to HM Land Registry, 54, Paines Brook Way, Romford was last sold on 07 Apr 2014 for £250,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2014, the market for similar properties has risen 67.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Paines Brook Way, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 53, St. Neots Road, Romford, RM3 9LT, a Freehold house which sold for £340,000 in Feb 2024.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Paines Brook Way, Romford, RM3 has a total of 97 addresses. According to our analysis of all the public data, 54, Paines Brook Way, Romford is the 16th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £16k more expensive than the average property in RM3.
54, Paines Brook Way, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Dec 2013.
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, Paines Brook Way, Romford is Harold Wood station which is 1.3 kilometres 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 54, Paines Brook Way, Romford, 52.4% of property is socially rented and 19.1% 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, Paines Brook Way, Romford, 30.2% of residents are recorded as possessing school level qualifications and 24.9% 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, Paines Brook Way, Romford, the average age was 35.9 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 54, Paines Brook Way, Romford, 0.0% 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, Paines Brook Way, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.