According to the public record, 7, Collerne Street, Romford is a modern freehold house with 936 ft2 of internal area and sits on a 145 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Collerne Street, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
7, Collerne Street, Romford has a single entry in the Land Registry database from July 2015 and a single entry in the EPC database dated June 2015.
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 7 Collerne Street Romford as £406,934 and the rental value as £1,962 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 7 Collerne Street Romford has decreased by £5,641 (1.4%) and its rental value has increased by £88 per month (4.5%).
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 7, Collerne Street, Romford is in very good condition we estimate a sale value of £427,280 and rental value of £2,060 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £378,448 and a rental value of £1,825 per month.
If you were able to purchase this property for the estimated value of £406,934, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,000 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, 7, Collerne Street, Romford sits on a plot of 145m2.
We have plot size data on 42 out of 42 other houses in the postcode and 7, Collerne Street, Romford sits on the 23rd largest plot.
According to HM Land Registry, 7, Collerne Street, Romford was last sold on 01 Jul 2015 for £300,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2015, the market for similar properties has risen 38.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Collerne Street, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 11, Sudbury Close, Romford, RM3 9FL, a Freehold house which sold for £470,000 in Sep 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Collerne Street, Romford, RM3 has a total of 42 addresses. According to our analysis of all the public data, 7, Collerne Street, Romford is the 11th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £46k more expensive than the average property in RM3.
7, Collerne Street, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Jun 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 7, Collerne Street, Romford is Harold Wood station which is 1.5 kilometres 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 7, Collerne Street, Romford, 82.4% of property is socially rented and 8.3% 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 7, Collerne Street, Romford, 37.1% of residents are recorded as possessing school level qualifications and 19.8% 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 7, Collerne Street, Romford, the average age was 35.9 and the most common age was 37.
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 7, Collerne Street, 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 7, Collerne Street, Romford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.