According to the public record, 6, Elm Road, Romford is a early-century house with 957 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Elm Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
6, Elm Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated April 2022.
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 6 Elm Road Romford as £410,630 and the rental value as £1,978 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 6 Elm Road Romford has decreased by £6,692 (1.6%) and its rental value has increased by £102 per month (5.2%).
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 6, Elm Road, Romford is in very good condition we estimate a sale value of £431,161 and rental value of £2,077 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £381,886 and a rental value of £1,839 per month.
If you were able to purchase this property for the estimated value of £410,630, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,018 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 6, Elm Road, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 4, Elm Road, Romford, RM7 8HH, a Freehold house which sold for £460,000 in Jun 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elm Road, Romford, RM7 has a total of 51 addresses. According to our analysis of all the public data, 6, Elm Road, Romford is the 33rd largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £35k more expensive than the average property in RM7.
6, Elm Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Apr 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 6, Elm Road, Romford is Romford station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 6, Elm Road, Romford, 45.2% of property is privately owned outright and 45.2% 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 6, Elm Road, Romford, 18.2% of residents are recorded as possessing school level qualifications and 30.4% 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 6, Elm Road, Romford, the average age was 40.2 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 6, Elm Road, Romford, 0.3% 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 6, Elm Road, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.