According to the public record, 8, Lower Bedfords Road, Romford is a mid-century freehold house with 1,539 ft2 of internal area and sits on a 601 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Lower Bedfords Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
8, Lower Bedfords Road, Romford has a single entry in the Land Registry database from February 2023 and a single entry in the EPC database dated April 2022.
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 Lower Bedfords Road Romford as £696,936 and the rental value as £2,820 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 8 Lower Bedfords Road Romford has decreased by £15,871 (2.3%) and its rental value has increased by £125 per month (4.4%).
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, Lower Bedfords Road, Romford is in very good condition we estimate a sale value of £731,783 and rental value of £2,961 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £648,151 and a rental value of £2,622 per month.
If you were able to purchase this property for the estimated value of £696,936, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,425 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, Lower Bedfords Road, Romford sits on a plot of 601m2.
We have plot size data on 7 out of 15 other houses in the postcode and 8, Lower Bedfords Road, Romford sits on the 3rd largest plot.
According to HM Land Registry, 8, Lower Bedfords Road, Romford was last sold on 10 Feb 2023 for £815,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has dropped 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Lower Bedfords Road, Romford within a radius of 670 metres over the last 2 years.
The most recent example is 24, Helmsdale Close, Romford, RM1 4RS, a Freehold house which sold for £675,000 in Feb 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lower Bedfords Road, Romford, RM1 has a total of 79 addresses. According to our analysis of all the public data, 8, Lower Bedfords Road, Romford is the 20th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £303k more expensive than the average property in RM1.
8, Lower Bedfords Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Apr 2022.
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, Lower Bedfords Road, Romford is Gidea Park station which is 2.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Lower Bedfords Road, Romford, 58.1% of property is privately owned outright and 38.0% 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, Lower Bedfords Road, Romford, 16.4% of residents are recorded as possessing school level qualifications and 23.8% 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, Lower Bedfords Road, 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 8, Lower Bedfords 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, Lower Bedfords Road, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.