According to the public record, 8, Greenbank Close, Romford is a mid-century freehold house with 957 ft2 of internal area and sits on a 251 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Greenbank Close, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
8, Greenbank Close, Romford has a single entry in the Land Registry database from January 2019 and a single entry in the EPC database dated February 2018.
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 8 Greenbank Close Romford as £426,335 and the rental value as £1,935 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 8 Greenbank Close Romford has decreased by £4,682 (1.1%) and its rental value has increased by £94 per month (4.9%).
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 8, Greenbank Close, Romford is in very good condition we estimate a sale value of £447,651 and rental value of £2,032 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £396,491 and a rental value of £1,800 per month.
If you were able to purchase this property for the estimated value of £426,335, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,095 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, Greenbank Close, Romford sits on a plot of 251m2.
We have plot size data on 6 out of 10 other houses in the postcode and 8, Greenbank Close, Romford sits on the 3rd largest plot.
According to HM Land Registry, 8, Greenbank Close, Romford was last sold on 10 Jan 2019 for £330,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2019, the market for similar properties has risen 16.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Greenbank Close, Romford within a radius of 820 metres over the last 2 years.
The most recent example is 20, Wrexham Road, Romford, RM3 9HH, a Freehold house which sold for £410,000 in Apr 2024.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Greenbank Close, Romford, RM3 has a total of 10 addresses. According to our analysis of all the public data, 8, Greenbank Close, Romford is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £66k more expensive than the average property in RM3.
8, Greenbank Close, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Feb 2018.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 8, Greenbank Close, Romford is Harold Wood station which is 2.8 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Greenbank Close, Romford, 83.8% of property is privately owned outright and 9.0% 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, Greenbank Close, Romford, 6.6% of residents are recorded as possessing school level qualifications and 16.9% 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, Greenbank Close, Romford, the average age was 38.4 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, Greenbank Close, 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, Greenbank Close, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.