According to the public record, 6, Gelsthorpe Road, Romford is a early-century freehold house with 968 ft2 of internal area and sits on a 255 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gelsthorpe Road, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
6, Gelsthorpe Road, Romford has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated April 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 6 Gelsthorpe Road Romford as £414,079 and the rental value as £1,986 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 6 Gelsthorpe Road Romford has decreased by £6,569 (1.6%) and its rental value has increased by £107 per month (5.4%).
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, Gelsthorpe Road, Romford is in very good condition we estimate a sale value of £434,783 and rental value of £2,086 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £385,094 and a rental value of £1,847 per month.
If you were able to purchase this property for the estimated value of £414,079, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,035 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, 6, Gelsthorpe Road, Romford sits on a plot of 255m2.
We have plot size data on 11 out of 32 other houses in the postcode and 6, Gelsthorpe Road, Romford sits on the 5th largest plot.
According to HM Land Registry, 6, Gelsthorpe Road, Romford was last sold on 05 Mar 2021 for £387,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 6.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Gelsthorpe Road, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 20, Riversdale Road, Romford, RM5 2NP, a Freehold house which sold for £430,000 in Dec 2021.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gelsthorpe Road, Romford, RM5 has a total of 86 addresses. According to our analysis of all the public data, 6, Gelsthorpe Road, Romford is the 11th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £22k more expensive than the average property in RM5.
6, Gelsthorpe Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 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, Gelsthorpe Road, Romford is Romford station which is 3.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 6, Gelsthorpe Road, Romford, 54.2% of property is privately owned with a mortgage and 38.9% 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 6, Gelsthorpe Road, Romford, 22.5% of residents are recorded as possessing school level qualifications and 24.8% 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, Gelsthorpe Road, Romford, the average age was 39.2 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, Gelsthorpe Road, Romford, 0.5% 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, Gelsthorpe 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.