According to the public record, 70, Gorseway, Romford is a early-century freehold house with 925 ft2 of internal area and sits on a 245 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gorseway, Romford, RM7 is located in the borough of Barking and Dagenham within the RM7 postal district.
70, Gorseway, Romford has a single entry in the Land Registry database from June 2018 and a single entry in the EPC database dated March 2018.
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 Gorseway Romford as £415,538 and the rental value as £1,960 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 70 Gorseway Romford has decreased by £3,182 (0.8%) and its rental value has increased by £95 per month (4.8%).
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, Gorseway, Romford is in very good condition we estimate a sale value of £436,315 and rental value of £2,058 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £386,451 and a rental value of £1,823 per month.
If you were able to purchase this property for the estimated value of £415,538, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,042 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, Gorseway, Romford sits on a plot of 245m2.
We have plot size data on 13 out of 26 other houses in the postcode and 70, Gorseway, Romford sits on the 5th largest plot.
According to HM Land Registry, 70, Gorseway, Romford was last sold on 28 Jun 2018 for £368,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2018, the market for similar properties has risen 14.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 70, Gorseway, Romford within a radius of 480 metres over the last 2 years.
The most recent example is 77, Gorseway, Romford, RM7 0RR, a Freehold house which sold for £435,000 in Oct 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorseway, Romford, RM7 has a total of 261 addresses. According to our analysis of all the public data, 70, Gorseway, Romford is the 167th largest and the 179th most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in RM7.
70, Gorseway, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Mar 2018.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 70, Gorseway, Romford is Elm Park station which is 1.7 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 70, Gorseway, Romford, 46.2% of property is privately owned outright and 42.0% 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, Gorseway, Romford, 18.3% 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 70, Gorseway, Romford, the average age was 38.7 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, Gorseway, 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 70, Gorseway, Romford, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.