According to the public record, 8, Raider Close, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 897 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Raider Close, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
8, Raider Close, Romford has a single entry in the Land Registry database from October 2020 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Raider Close Romford as £470,772 and the rental value as £1,976 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 8 Raider Close Romford has decreased by £6,739 (1.4%) and its rental value has increased by £109 per month (5.5%).
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, Raider Close, Romford is in very good condition we estimate a sale value of £494,311 and rental value of £2,075 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £437,818 and a rental value of £1,838 per month.
If you were able to purchase this property for the estimated value of £470,772, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,314 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, Raider Close, Romford was last sold on 16 Oct 2020 for £360,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has risen 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Raider Close, Romford within a radius of 600 metres over the last 2 years.
The most recent example is 4, Howe Close, Romford, RM7 8JL, a Freehold house which sold for £400,000 in Nov 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Raider Close, Romford, RM7 has a total of 14 addresses. According to our analysis of all the public data, 8, Raider Close, Romford is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £95k more expensive than the average property in RM7.
The closest station to 8, Raider Close, Romford is Romford station which is 2.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Raider Close, Romford, 31.9% of property is privately owned with a mortgage and 29.7% is socially 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, Raider Close, Romford, 20.5% of residents are recorded as possessing school level qualifications and 21.2% 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, Raider Close, Romford, the average age was 39.2 and the most common age was 42.
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, Raider 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, Raider Close, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.