According to the public record, 59, Chadwell Heath Lane, Romford is a early-century freehold house with 1,119 ft2 of internal area and sits on a 205 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Chadwell Heath Lane, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
59, Chadwell Heath Lane, Romford has a single entry in the Land Registry database from July 2022 and a single entry in the EPC database dated March 2022.
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 59 Chadwell Heath Lane Romford as £456,547 and the rental value as £2,210 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 59 Chadwell Heath Lane Romford has decreased by £6,428 (1.4%) and its rental value has increased by £73 per month (3.3%).
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 59, Chadwell Heath Lane, Romford is in very good condition we estimate a sale value of £479,374 and rental value of £2,321 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £424,588 and a rental value of £2,055 per month.
If you were able to purchase this property for the estimated value of £456,547, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,244 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, 59, Chadwell Heath Lane, Romford sits on a plot of 205m2.
We have plot size data on 14 out of 23 other houses in the postcode and 59, Chadwell Heath Lane, Romford sits on the 6th largest plot.
According to HM Land Registry, 59, Chadwell Heath Lane, Romford was last sold on 21 Jul 2022 for £500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has dropped 5.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Chadwell Heath Lane, Romford within a radius of 430 metres over the last 2 years.
The most recent example is 5, Arthur Road, Romford, RM6 4NL, a Freehold house which sold for £512,500 in Aug 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chadwell Heath Lane, Romford, RM6 has a total of 308 addresses. According to our analysis of all the public data, 59, Chadwell Heath Lane, Romford is the 60th largest and the 87th most expensive property on the street.
When compared to the postcode district it is £82k more expensive than the average property in RM6.
59, Chadwell Heath Lane, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Mar 2022.
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 59, Chadwell Heath Lane, Romford is Chadwell Heath station which is 500 metres 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 59, Chadwell Heath Lane, Romford, 36.6% of property is privately owned with a mortgage and 29.7% 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 59, Chadwell Heath Lane, Romford, 23.6% of residents are recorded as possessing school level qualifications and 35.5% 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 59, Chadwell Heath Lane, 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 59, Chadwell Heath Lane, 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 59, Chadwell Heath Lane, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.