According to the public record, 8, Erroll Road, Romford is a early-century house with 1,356 ft2 of internal area and sits on a 314 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Erroll Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
8, Erroll Road, Romford has no recent1 records in the Land Registry database and a single entry in the EPC database dated April 2023.
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 8 Erroll Road Romford as £670,337 and the rental value as £2,641 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 8 Erroll Road Romford has decreased by £19,406 (2.9%) and its rental value has increased by £81 per month (3.1%).
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 8, Erroll Road, Romford is in very good condition we estimate a sale value of £703,854 and rental value of £2,773 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £623,414 and a rental value of £2,456 per month.
If you were able to purchase this property for the estimated value of £670,337, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,295 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, 8, Erroll Road, Romford sits on a plot of 314m2.
We have plot size data on 21 out of 29 other houses in the postcode and 8, Erroll Road, Romford sits on the 11th largest plot.
According to HM Land Registry, 8, Erroll Road, Romford was last sold on 08 Apr 2005 for £330,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Erroll Road, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 4, Erroll Road, Romford, RM1 3DJ, a Freehold house which sold for £685,000 in Dec 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Erroll Road, Romford, RM1 has a total of 30 addresses. According to our analysis of all the public data, 8, Erroll Road, Romford is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £276k more expensive than the average property in RM1.
8, Erroll Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Apr 2023.
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 8, Erroll 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 8, Erroll Road, Romford, 42.5% of property is privately owned with a mortgage and 41.6% 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 8, Erroll Road, Romford, 16.7% of residents are recorded as possessing school level qualifications and 39.8% 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 8, Erroll Road, Romford, the average age was 42.3 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 8, Erroll Road, Romford, 0.3% 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 8, Erroll Road, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.