According to the public record, 7, Somerville Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 766 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Somerville Road, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
7, Somerville Road, Romford has 31 entries in the Land Registry database, most recently in January 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Somerville Road Romford as £429,324 and the rental value as £2,014 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 7 Somerville Road Romford has decreased by £2,650 (0.6%) and its rental value has increased by £84 per month (4.2%).
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, Somerville Road, Romford is in very good condition we estimate a sale value of £450,790 and rental value of £2,114 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £399,271 and a rental value of £1,873 per month.
If you were able to purchase this property for the estimated value of £429,324, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,110 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 HM Land Registry, 7, Somerville Road, Romford was last sold on 30 Jan 2006 for £197,940 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Somerville Road, Romford within a radius of 390 metres over the last 2 years.
The most recent example is 144, Chadwell Heath Lane, Romford, RM6 4YX, a Freehold house which sold for £405,000 in Aug 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerville Road, Romford, RM6 has a total of 204 addresses. According to our analysis of all the public data, 7, Somerville Road, Romford is the 168th largest and the 98th most expensive property on the street.
When compared to the postcode district it is £55k more expensive than the average property in RM6.
The closest station to 7, Somerville Road, Romford is Chadwell Heath station which is 900 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, Somerville Road, Romford, 44.4% of property is privately owned outright and 40.5% 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, Somerville Road, Romford, 26.9% of residents are recorded as possessing school level qualifications and 36.7% 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, Somerville Road, Romford, the average age was 40.6 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 7, Somerville Road, 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, Somerville Road, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.