According to the public record, 6, Olive Street, Romford is a period freehold house with 904 ft2 of internal area and sits on a 272 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Olive Street, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
6, Olive Street, Romford has 41 entries in the Land Registry database, most recently in November 2020 and a single entry in the EPC database dated May 2012.
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 Olive Street Romford as £419,766 and the rental value as £1,927 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 6 Olive Street Romford has decreased by £3,425 (0.8%) and its rental value has increased by £97 per month (5.0%).
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, Olive Street, Romford is in very good condition we estimate a sale value of £440,755 and rental value of £2,023 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £390,383 and a rental value of £1,792 per month.
If you were able to purchase this property for the estimated value of £419,766, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,063 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, Olive Street, Romford sits on a plot of 272m2.
We have plot size data on 17 out of 24 other houses in the postcode and 6, Olive Street, Romford sits on the 10th largest plot.
According to HM Land Registry, 6, Olive Street, Romford was last sold on 09 Nov 2020 for £425,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Nov 2020, the market for similar properties has risen 8.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Olive Street, Romford within a radius of 410 metres over the last 2 years.
The most recent example is 65, Como Street, Romford, RM7 7DT, a Freehold house which sold for £420,000 in Sep 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Olive Street, Romford, RM7 has a total of 24 addresses. According to our analysis of all the public data, 6, Olive Street, Romford is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £44k more expensive than the average property in RM7.
6, Olive Street, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 May 2012.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 6, Olive Street, Romford is Romford station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 6, Olive Street, Romford, 37.4% of property is privately rented and 31.3% 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, Olive Street, Romford, 17.3% of residents are recorded as possessing school level qualifications and 39.0% 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, Olive Street, 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 6, Olive Street, Romford, 1.2% 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 6, Olive Street, 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.