According to the public record, 77, Pettits Lane, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,332 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Pettits Lane, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
77, Pettits Lane, Romford has 21 entries in the Land Registry database, most recently in July 2007 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 77 Pettits Lane Romford as £619,489 and the rental value as £2,450 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 77 Pettits Lane Romford has decreased by £18,154 (2.9%) and its rental value has increased by £74 per month (3.0%).
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 77, Pettits Lane, Romford is in very good condition we estimate a sale value of £650,463 and rental value of £2,572 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £576,124 and a rental value of £2,278 per month.
If you were able to purchase this property for the estimated value of £619,489, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,045 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, 77, Pettits Lane, Romford was last sold on 27 Jul 2007 for £389,995 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2007, the market for similar properties has risen 66.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 77, Pettits Lane, Romford within a radius of 650 metres over the last 2 years.
The most recent example is 6, Woodlands Road, Romford, RM1 4HD, a Freehold house which sold for £715,000 in Apr 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pettits Lane, Romford, RM1 has a total of 187 addresses. According to our analysis of all the public data, 77, Pettits Lane, Romford is the 89th largest and the 84th most expensive property on the street.
When compared to the postcode district it is £225k more expensive than the average property in RM1.
The closest station to 77, Pettits Lane, Romford is Romford station which is 1.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 77, Pettits Lane, Romford, 50.8% of property is privately owned outright and 44.2% 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 77, Pettits Lane, Romford, 18.1% of residents are recorded as possessing school level qualifications and 33.2% 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 77, Pettits Lane, Romford, the average age was 44 and the most common age was 57.
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 77, Pettits Lane, Romford, 1.6% 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 77, Pettits Lane, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.