According to the public record, 7, Edward Road, Romford is a early-century freehold house with 861 ft2 of internal area and sits on a 228 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Edward Road, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
7, Edward Road, Romford has 2 entries in the Land Registry database, most recently in February 2016 and a single entry in the EPC database dated December 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 7 Edward Road Romford as £408,072 and the rental value as £2,025 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 7 Edward Road Romford has decreased by £1,815 (0.4%) and its rental value has increased by £88 per month (4.3%).
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, Edward Road, Romford is in very good condition we estimate a sale value of £428,476 and rental value of £2,127 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £379,507 and a rental value of £1,884 per month.
If you were able to purchase this property for the estimated value of £408,072, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,006 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, Edward Road, Romford sits on a plot of 228m2.
We have plot size data on 11 out of 26 other houses in the postcode and 7, Edward Road, Romford sits on the 4th largest plot.
According to HM Land Registry, 7, Edward Road, Romford was last sold on 23 Feb 2016 for £365,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2016, the market for similar properties has risen 19.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Edward Road, Romford within a radius of 470 metres over the last 2 years.
The most recent example is 8, Edward Road, Romford, RM6 6UH, a Freehold house which sold for £442,000 in Jan 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Edward Road, Romford, RM6 has a total of 37 addresses. According to our analysis of all the public data, 7, Edward Road, Romford is the 7th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £34k more expensive than the average property in RM6.
7, Edward Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 18 Dec 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 7, Edward Road, Romford is Chadwell Heath station which is 700 metres 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, Edward Road, Romford, 39.7% of property is privately owned outright and 28.2% 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 7, Edward Road, Romford, 17.3% of residents are recorded as possessing school level qualifications and 26.7% 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, Edward Road, Romford, the average age was 35.3 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 7, Edward Road, Romford, 2.6% 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, Edward Road, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.