According to the public record, 81, Somerville Road, Romford is a early-century freehold house with 796 ft2 of internal area and sits on a 226 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Somerville Road, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
81, Somerville Road, Romford has a single entry in the Land Registry database from April 2021 and a single entry in the EPC database dated October 2020.
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 81 Somerville Road Romford as £406,907 and the rental value as £1,946 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 81 Somerville Road Romford has decreased by £2,512 (0.6%) and its rental value has increased by £81 per month (4.2%).
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 81, Somerville Road, Romford is in very good condition we estimate a sale value of £427,252 and rental value of £2,044 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £378,423 and a rental value of £1,810 per month.
If you were able to purchase this property for the estimated value of £406,907, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,000 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, 81, Somerville Road, Romford sits on a plot of 226m2.
We have plot size data on 22 out of 34 other houses in the postcode and 81, Somerville Road, Romford sits on the 8th largest plot.
According to HM Land Registry, 81, Somerville Road, Romford was last sold on 12 Apr 2021 for £426,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 81, Somerville Road, Romford within a radius of 420 metres over the last 2 years.
The most recent example is 48, Somerville Road, Romford, RM6 5BE, a Freehold house which sold for £410,000 in Aug 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerville Road, Romford, RM6 has a total of 204 addresses. According to our analysis of all the public data, 81, Somerville Road, Romford is the 152nd largest and the 141st most expensive property on the street.
When compared to the postcode district it is £32k more expensive than the average property in RM6.
81, Somerville Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Oct 2020.
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 81, Somerville Road, Romford is Chadwell Heath station which is 1.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 81, Somerville Road, Romford, 55.0% of property is privately owned with a mortgage and 23.7% is privately owned outright.
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 81, Somerville Road, Romford, 30.6% of residents are recorded as possessing school level qualifications and 37.8% 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 81, Somerville Road, Romford, the average age was 40.6 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 81, Somerville Road, 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 81, Somerville Road, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.