According to the public record, 7, Cromwells Mere, Romford is a mid-century freehold house with 1,302 ft2 of internal area and sits on a 254 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Cromwells Mere, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
7, Cromwells Mere, Romford has a single entry in the Land Registry database from June 2019 and a single entry in the EPC database dated January 2019.
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 Cromwells Mere Romford as £510,334 and the rental value as £2,510 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 7 Cromwells Mere Romford has decreased by £9,293 (1.8%) and its rental value has increased by £128 per month (5.1%).
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, Cromwells Mere, Romford is in very good condition we estimate a sale value of £535,851 and rental value of £2,636 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £474,611 and a rental value of £2,334 per month.
If you were able to purchase this property for the estimated value of £510,334, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,508 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, Cromwells Mere, Romford sits on a plot of 254m2.
We have plot size data on 4 out of 8 other houses in the postcode and 7, Cromwells Mere, Romford sits on the 3rd largest plot.
According to HM Land Registry, 7, Cromwells Mere, Romford was last sold on 14 Jun 2019 for £375,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2019, the market for similar properties has risen 16.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Cromwells Mere, Romford within a radius of 630 metres over the last 2 years.
The most recent example is 21, Mount Pleasant Road, Romford, RM5 3YP, a Freehold house which sold for £515,000 in Aug 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cromwells Mere, Romford, RM1 has a total of 8 addresses. According to our analysis of all the public data, 7, Cromwells Mere, Romford is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £116k more expensive than the average property in RM1.
7, Cromwells Mere, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Jan 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 7, Cromwells Mere, Romford is Gidea Park station which is 3.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Cromwells Mere, Romford, 49.3% of property is privately owned outright and 38.6% 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, Cromwells Mere, Romford, 17.0% of residents are recorded as possessing school level qualifications and 18.8% 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, Cromwells Mere, Romford, the average age was 38.8 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, Cromwells Mere, Romford, 0.0% 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, Cromwells Mere, Romford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.