According to the public record, 88, The Drive, Romford is a mid-century freehold house with 1,184 ft2 of internal area and sits on a 270 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
The Drive, Collier Row, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
88, The Drive, Romford has a single entry in the Land Registry database from November 2018 and a single entry in the EPC database dated November 2018.
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 88 The Drive Romford as £473,005 and the rental value as £2,184 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 88 The Drive Romford has decreased by £11,254 (2.4%) and its rental value has increased by £100 per month (4.6%).
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, The Drive, Romford is in very good condition we estimate a sale value of £496,656 and rental value of £2,293 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £439,895 and a rental value of £2,031 per month.
If you were able to purchase this property for the estimated value of £473,005, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,325 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, 88, The Drive, Romford sits on a plot of 270m2.
We have plot size data on 22 out of 38 other houses in the postcode and 88, The Drive, Romford sits on the 10th largest plot.
According to HM Land Registry, 88, The Drive, Romford was last sold on 14 Nov 2018 for £281,250 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2018, the market for similar properties has risen 16.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 88, The Drive, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 31, Bower Close, Romford, RM5 3SR, a Freehold house which sold for £425,000 in Oct 2023.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Collier Row, Romford, RM5 has a total of 115 addresses. According to our analysis of all the public data, 88, The Drive, Romford is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £81k more expensive than the average property in RM5.
88, The Drive, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Nov 2018.
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 88, The Drive, Romford is Romford station which is 2.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 88, The Drive, Romford, 39.3% of property is privately owned with a mortgage and 30.7% 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 88, The Drive, Romford, 25.9% of residents are recorded as possessing school level qualifications and 26.4% 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, The Drive, Romford, the average age was 38.8 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, The Drive, 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, The Drive, 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.