According to the public record, 79, Lake Rise, Romford is a early-century freehold house with 904 ft2 of internal area and sits on a 528 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lake Rise, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
79, Lake Rise, Romford has a single entry in the Land Registry database from December 2015 and a single entry in the EPC database dated February 2015.
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 79 Lake Rise Romford as £566,513 and the rental value as £2,347 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 79 Lake Rise Romford has decreased by £7,455 (1.3%) and its rental value has increased by £111 per month (4.7%).
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 79, Lake Rise, Romford is in very good condition we estimate a sale value of £594,839 and rental value of £2,465 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £526,857 and a rental value of £2,183 per month.
If you were able to purchase this property for the estimated value of £566,513, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,784 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, 79, Lake Rise, Romford sits on a plot of 528m2.
We have plot size data on 9 out of 27 other houses in the postcode and 79, Lake Rise, Romford sits on the largest plot.
According to HM Land Registry, 79, Lake Rise, Romford was last sold on 22 Dec 2015 for £500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2015, the market for similar properties has risen 18.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 79, Lake Rise, Romford within a radius of 690 metres over the last 2 years.
The most recent example is 65, Lake Rise, Romford, RM1 4EF, a Freehold house which sold for £525,000 in Dec 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lake Rise, Romford, RM1 has a total of 113 addresses. According to our analysis of all the public data, 79, Lake Rise, Romford is the 98th largest and the 98th most expensive property on the street.
When compared to the postcode district it is £172k more expensive than the average property in RM1.
79, Lake Rise, Romford has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 02 Feb 2015.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 79, Lake Rise, Romford is Gidea Park station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 79, Lake Rise, Romford, 48.4% of property is privately owned outright and 48.4% 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 79, Lake Rise, Romford, 18.0% of residents are recorded as possessing school level qualifications and 33.5% 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 79, Lake Rise, 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 79, Lake Rise, Romford, 1.1% 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 79, Lake Rise, Romford, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.