According to the public record, 78, Marks Road, Romford is a period house with 1,097 ft2 of internal area and sits on a 352 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Marks Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
78, Marks Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated October 2019.
We combine this information with public data 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 78 Marks Road Romford as £472,578 and the rental value as £2,264 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 78 Marks Road Romford has decreased by £7,764 (1.6%) and its rental value has increased by £87 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 78, Marks Road, Romford is in very good condition we estimate a sale value of £496,207 and rental value of £2,377 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £439,498 and a rental value of £2,105 per month.
If you were able to purchase this property for the estimated value of £472,578, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,323 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, 78, Marks Road, Romford sits on a plot of 352m2.
We have plot size data on 28 out of 54 other houses in the postcode and 78, Marks Road, Romford sits on the 4th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Marks Road, Romford within a radius of 420 metres over the last 2 years.
The most recent example is 35, Mildmay Road, Romford, RM7 7DA, a Freehold house which sold for £480,000 in May 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marks Road, Romford, RM7 has a total of 225 addresses. According to our analysis of all the public data, 78, Marks Road, Romford is the 6th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £97k more expensive than the average property in RM7.
78, Marks Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Oct 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 78, Marks Road, Romford is Romford station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 78, Marks Road, Romford, 35.8% of property is privately owned with a mortgage and 26.3% is privately owned outright.
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 78, Marks Road, Romford, 22.0% of residents are recorded as possessing school level qualifications and 34.1% 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 78, Marks Road, Romford, the average age was 38.3 and the most common age was 37.
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 78, Marks Road, Romford, 1.3% 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 78, Marks 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.