According to the public record, 8, Hillrise Road, Romford is a mid-century leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Hillrise Road, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
8, Hillrise Road, Romford has 31 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated January 2024.
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 Hillrise Road Romford as £194,617 and the rental value as £1,186 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 8 Hillrise Road Romford has decreased by £2,288 (1.2%) and its rental value has increased by £70 per month (5.9%).
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, Hillrise Road, Romford is in very good condition we estimate a sale value of £204,348 and rental value of £1,245 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £180,994 and a rental value of £1,103 per month.
If you were able to purchase this property for the estimated value of £194,617, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £956 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 HM Land Registry, 8, Hillrise Road, Romford was last sold on 08 Mar 2024 for £175,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2024, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Hillrise Road, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 13, Hillrise Road, Romford, RM5 3BG, a Leasehold flat which sold for £170,000 in Nov 2016.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hillrise Road, Romford, RM5 has a total of 331 addresses. According to our analysis of all the public data, 8, Hillrise Road, Romford is the 292nd largest and the 249th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in RM5.
8, Hillrise Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jan 2024.
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, Hillrise Road, Romford is Romford station which is 3.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Hillrise Road, Romford, 47.0% of property is socially rented and 20.9% is privately rented.
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, Hillrise Road, Romford, 25.5% of residents are recorded as possessing school level qualifications and 25.8% 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, Hillrise Road, Romford, the average age was 38.8 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 8, Hillrise Road, Romford, 1.2% 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, Hillrise 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.