According to the public record, 70, Eric Road, Romford is a early-century freehold house with 1,108 ft2 of internal area and sits on a 145 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Eric Road, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
70, Eric Road, Romford has a single entry in the Land Registry database from August 2016 and a single entry in the EPC database dated May 2016.
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 70 Eric Road Romford as £399,678 and the rental value as £2,092 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 70 Eric Road Romford has decreased by £3,315 (0.8%) and its rental value has increased by £82 per month (3.9%).
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 70, Eric Road, Romford is in very good condition we estimate a sale value of £419,661 and rental value of £2,196 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,700 and a rental value of £1,945 per month.
If you were able to purchase this property for the estimated value of £399,678, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,964 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, 70, Eric Road, Romford sits on a plot of 145m2.
We have plot size data on 17 out of 37 other houses in the postcode and 70, Eric Road, Romford sits on the 11th largest plot.
According to HM Land Registry, 70, Eric Road, Romford was last sold on 09 Aug 2016 for £359,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2016, 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 70, Eric Road, Romford within a radius of 470 metres over the last 2 years.
The most recent example is 72, Eric Road, Romford, RM6 6JH, a Freehold house which sold for £475,000 in Nov 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eric Road, Romford, RM6 has a total of 111 addresses. According to our analysis of all the public data, 70, Eric Road, Romford is the 17th largest and the 71st most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in RM6.
70, Eric Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 May 2016.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 70, Eric Road, Romford is Chadwell Heath station which is 500 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 70, Eric Road, Romford, 31.3% of property is privately owned outright 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 70, Eric Road, Romford, 29.6% of residents are recorded as possessing school level qualifications and 38.6% 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 70, Eric 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 70, Eric Road, Romford, 0.5% 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 70, Eric Road, 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.