According to the public record, 8, Gilbert Road, Romford is a early-century house with 1,022 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gilbert Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
8, Gilbert Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated May 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 Gilbert Road Romford as £515,028 and the rental value as £2,176 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 8 Gilbert Road Romford has decreased by £5,630 (1.1%) and its rental value has increased by £108 per month (5.0%).
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 8, Gilbert Road, Romford is in very good condition we estimate a sale value of £540,779 and rental value of £2,285 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £478,976 and a rental value of £2,024 per month.
If you were able to purchase this property for the estimated value of £515,028, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,531 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Gilbert Road, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 75, Glenwood Drive, Romford, RM2 5AR, a Freehold house which sold for £530,000 in Dec 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gilbert Road, Romford, RM1 has a total of 36 addresses. According to our analysis of all the public data, 8, Gilbert Road, Romford is the 16th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £121k more expensive than the average property in RM1.
8, Gilbert Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 May 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, Gilbert Road, Romford is Romford station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Gilbert Road, Romford, 32.8% of property is privately owned outright and 32.8% 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 8, Gilbert Road, Romford, 11.5% of residents are recorded as possessing school level qualifications and 45.3% 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, Gilbert Road, Romford, the average age was 37 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, Gilbert Road, 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 8, Gilbert Road, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.