According to the public record, 56, Gresham Drive, Romford is a modern freehold house with 731 ft2 of internal area and sits on a 185 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gresham Drive, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
56, Gresham Drive, Romford has 31 entries in the Land Registry database, most recently in February 2019 and a single entry in the EPC database dated September 2018.
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 56 Gresham Drive Romford as £421,330 and the rental value as £1,884 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 56 Gresham Drive Romford has decreased by £3,031 (0.7%) and its rental value has increased by £74 per month (3.9%).
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 56, Gresham Drive, Romford is in very good condition we estimate a sale value of £442,396 and rental value of £1,979 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £391,836 and a rental value of £1,752 per month.
If you were able to purchase this property for the estimated value of £421,330, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,071 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, 56, Gresham Drive, Romford sits on a plot of 185m2.
We have plot size data on 26 out of 46 other houses in the postcode and 56, Gresham Drive, Romford sits on the 9th largest plot.
According to HM Land Registry, 56, Gresham Drive, Romford was last sold on 26 Feb 2019 for £355,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2019, the market for similar properties has risen 14.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Gresham Drive, Romford within a radius of 370 metres over the last 2 years.
The most recent example is 46, Millhaven Close, Romford, RM6 4PL, a Freehold house which sold for £377,500 in Jul 2021.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gresham Drive, Romford, RM6 has a total of 131 addresses. According to our analysis of all the public data, 56, Gresham Drive, Romford is the 108th largest and the 102nd most expensive property on the street.
When compared to the postcode district it is £47k more expensive than the average property in RM6.
56, Gresham Drive, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Sep 2018.
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 56, Gresham Drive, Romford is Chadwell Heath station which is 1.1 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 56, Gresham Drive, Romford, 42.4% of property is privately owned with a mortgage and 39.2% 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 56, Gresham Drive, Romford, 26.7% of residents are recorded as possessing school level qualifications and 38.6% 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 56, Gresham Drive, 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 56, Gresham Drive, Romford, 0.2% 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 56, Gresham Drive, 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.