According to the public record, 8, Richards Avenue, Romford is a early-century freehold house with 667 ft2 of internal area and sits on a 217 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Richards Avenue, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
8, Richards Avenue, Romford has a single entry in the Land Registry database from June 2007 and a single entry in the EPC database dated April 2016.
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 Richards Avenue Romford as £364,661 and the rental value as £1,727 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 8 Richards Avenue Romford has increased by £1,155 (0.3%) and its rental value has increased by £101 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, Richards Avenue, Romford is in very good condition we estimate a sale value of £382,894 and rental value of £1,813 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £339,135 and a rental value of £1,606 per month.
If you were able to purchase this property for the estimated value of £364,661, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,792 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, Richards Avenue, Romford sits on a plot of 217m2.
We have plot size data on 27 out of 36 other houses in the postcode and 8, Richards Avenue, Romford sits on the 12th largest plot.
According to HM Land Registry, 8, Richards Avenue, Romford was last sold on 25 Jun 2007 for £208,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2007, the market for similar properties has risen 84.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Richards Avenue, Romford within a radius of 460 metres over the last 2 years.
The most recent example is 26, Recreation Avenue, Romford, RM7 9ET, a Freehold house which sold for £390,000 in Sep 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richards Avenue, Romford, RM7 has a total of 40 addresses. According to our analysis of all the public data, 8, Richards Avenue, Romford is the 37th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £11k less expensive than the average property in RM7.
8, Richards Avenue, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Apr 2016.
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, Richards Avenue, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Richards Avenue, Romford, 30.9% of property is privately owned with a mortgage and 30.0% 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, Richards Avenue, Romford, 24.8% of residents are recorded as possessing school level qualifications and 35.2% 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, Richards Avenue, Romford, the average age was 35.1 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, Richards Avenue, 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, Richards Avenue, 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.