According to the public record, 88, Cross Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 796 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Cross Road, Mawneys, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
88, Cross Road, Romford has a single entry in the Land Registry database from April 2008 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 88 Cross Road Romford as £440,710 and the rental value as £1,855 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 88 Cross Road Romford has decreased by £3,893 (0.9%) and its rental value has increased by £92 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 88, Cross Road, Romford is in very good condition we estimate a sale value of £462,745 and rental value of £1,947 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £409,860 and a rental value of £1,725 per month.
If you were able to purchase this property for the estimated value of £440,710, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,166 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, 88, Cross Road, Romford was last sold on 09 Apr 2008 for £205,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2008, the market for similar properties has risen 86.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 88, Cross Road, Romford within a radius of 640 metres over the last 2 years.
The most recent example is 68, Cross Road, Romford, RM7 8DX, a Freehold house which sold for £197,700 in Nov 2021.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cross Road, Mawneys, Romford, RM7 has a total of 247 addresses. According to our analysis of all the public data, 88, Cross Road, Romford is the 125th largest and the 75th most expensive property on the street.
When compared to the postcode district it is £65k more expensive than the average property in RM7.
The closest station to 88, Cross Road, Romford is Romford station which is 2.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 88, Cross Road, Romford, 42.4% of property is privately owned with a mortgage and 36.4% 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 88, Cross Road, Romford, 23.3% of residents are recorded as possessing school level qualifications and 25.3% 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 88, Cross Road, Romford, the average age was 38.3 and the most common age was 37.
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 88, Cross 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 88, Cross Road, Romford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.