According to the public record, 8, Philip Avenue, Romford is a early-century freehold house with 871 ft2 of internal area and sits on a 223 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Philip Avenue, Romford, RM7 is located in the borough of Barking and Dagenham within the RM7 postal district.
8, Philip Avenue, Romford has 21 entries in the Land Registry database, most recently in April 2014 and a single entry in the EPC database dated October 2013.
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 Philip Avenue Romford as £416,570 and the rental value as £1,953 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 8 Philip Avenue Romford has decreased by £2,848 (0.7%) and its rental value has increased by £95 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, Philip Avenue, Romford is in very good condition we estimate a sale value of £437,398 and rental value of £2,051 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £387,410 and a rental value of £1,816 per month.
If you were able to purchase this property for the estimated value of £416,570, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,047 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, Philip Avenue, Romford sits on a plot of 223m2.
We have plot size data on 9 out of 13 other houses in the postcode and 8, Philip Avenue, Romford sits on the 9th largest plot.
According to HM Land Registry, 8, Philip Avenue, Romford was last sold on 04 Apr 2014 for £248,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2014, the market for similar properties has risen 58.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Philip Avenue, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 10, Philip Avenue, Romford, RM7 0XB, a Freehold house which sold for £425,000 in Apr 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Philip Avenue, Romford, RM7 has a total of 62 addresses. According to our analysis of all the public data, 8, Philip Avenue, Romford is the 52nd largest and the 57th most expensive property on the street.
When compared to the postcode district it is £41k more expensive than the average property in RM7.
8, Philip Avenue, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Oct 2013.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 8, Philip Avenue, Romford is Romford station which is 1.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Philip Avenue, Romford, 43.4% of property is privately owned outright and 34.5% 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, Philip Avenue, Romford, 18.4% of residents are recorded as possessing school level qualifications and 27.5% 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, Philip Avenue, Romford, the average age was 38.7 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, Philip Avenue, Romford, 1.0% 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, Philip Avenue, 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.