According to the public record, 56, Kensington Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 899 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Kensington Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
56, Kensington Road, Romford has 21 entries in the Land Registry database, most recently in July 2008 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 56 Kensington Road Romford as £403,586 and the rental value as £1,984 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 56 Kensington Road Romford has decreased by £1,577 (0.4%) and its rental value has increased by £102 per month (5.1%).
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 56, Kensington Road, Romford is in very good condition we estimate a sale value of £423,765 and rental value of £2,083 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £375,335 and a rental value of £1,845 per month.
If you were able to purchase this property for the estimated value of £403,586, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,984 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, 56, Kensington Road, Romford was last sold on 24 Jul 2008 for £219,950 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2008, the market for similar properties has risen 99.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Kensington Road, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 16, Kensington Road, Romford, RM7 9DA, a Freehold house which sold for £423,000 in Sep 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kensington Road, Romford, RM7 has a total of 55 addresses. According to our analysis of all the public data, 56, Kensington Road, Romford is the 21st largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £28k more expensive than the average property in RM7.
The closest station to 56, Kensington Road, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 56, Kensington Road, Romford, 45.7% of property is privately owned with a mortgage and 27.1% is privately rented.
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, Kensington Road, Romford, 22.2% of residents are recorded as possessing school level qualifications and 35.7% 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 56, Kensington Road, Romford, the average age was 35.1 and the most common age was 32.
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, Kensington Road, 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 56, Kensington Road, 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.