According to the public record, 55, Victory Way, Romford is a mid-century freehold house with 1,550 ft2 of internal area and sits on a 242 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Victory Way, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
55, Victory Way, Romford has 31 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated July 2020.
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 55 Victory Way Romford as £524,783 and the rental value as £2,341 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 55 Victory Way Romford has decreased by £13,241 (2.5%) and its rental value has increased by £97 per month (4.1%).
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 55, Victory Way, Romford is in very good condition we estimate a sale value of £551,022 and rental value of £2,458 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £488,048 and a rental value of £2,177 per month.
If you were able to purchase this property for the estimated value of £524,783, 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 data from HM Land Registry, 55, Victory Way, Romford sits on a plot of 242m2.
We have plot size data on 13 out of 22 other houses in the postcode and 55, Victory Way, Romford sits on the 2nd largest plot.
According to HM Land Registry, 55, Victory Way, Romford was last sold on 10 Mar 2021 for £507,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2021, the market for similar properties has risen 5.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Victory Way, Romford within a radius of 550 metres over the last 2 years.
The most recent example is 8, Argus Close, Romford, RM7 8NJ, a Freehold house which sold for £550,000 in Nov 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victory Way, Romford, RM7 has a total of 54 addresses. According to our analysis of all the public data, 55, Victory Way, Romford is the largest and the most expensive property on the street.
When compared to the postcode district it is £149k more expensive than the average property in RM7.
55, Victory Way, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Jul 2020.
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 55, Victory Way, Romford is Romford station which is 2.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 55, Victory Way, Romford, 40.0% of property is privately owned with a mortgage and 33.1% is privately owned outright.
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 55, Victory Way, Romford, 20.9% of residents are recorded as possessing school level qualifications and 20.6% 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 55, Victory Way, Romford, the average age was 38.3 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 55, Victory Way, Romford, 1.1% 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 55, Victory Way, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.