According to the public record, 58, Drummond Road, Romford is a mid-century apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Drummond Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
58, Drummond Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated May 2023.
We combine this information with public data 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 58 Drummond Road Romford as £150,766 and the rental value as £925 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 58 Drummond Road Romford has decreased by £289 (0.2%) and its rental value has increased by £53 per month (5.7%).
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 58, Drummond Road, Romford is in very good condition we estimate a sale value of £158,305 and rental value of £971 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £140,213 and a rental value of £860 per month.
If you were able to purchase this property for the estimated value of £150,766, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £741 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Drummond Road, Romford within a radius of 470 metres over the last 2 years.
The most recent example is 7, Marshalls Road, Romford, RM7 7EL, a Leasehold flat which sold for £155,000 in Apr 2018.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drummond Road, Romford, RM7 has a total of 134 addresses. According to our analysis of all the public data, 58, Drummond Road, Romford is the 114th largest and the 131st most expensive property on the street.
When compared to the postcode district it is £225k less expensive than the average property in RM7.
58, Drummond Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 May 2023.
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 58, Drummond Road, Romford is Romford station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 58, Drummond Road, Romford, 88.0% of property is socially rented and 6.0% 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 58, Drummond Road, Romford, 32.8% of residents are recorded as possessing school level qualifications and 22.1% 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 58, Drummond Road, Romford, the average age was 37 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 58, Drummond 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 58, Drummond Road, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.