According to the public record, 9, Merlin Gardens, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 995 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Merlin Gardens, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
9, Merlin Gardens, Romford has 21 entries in the Land Registry database, most recently in May 2007 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 9 Merlin Gardens Romford as £440,867 and the rental value as £2,045 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 9 Merlin Gardens Romford has decreased by £7,203 (1.6%) and its rental value has increased by £110 per month (5.4%).
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 9, Merlin Gardens, Romford is in very good condition we estimate a sale value of £462,910 and rental value of £2,147 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £410,006 and a rental value of £1,902 per month.
If you were able to purchase this property for the estimated value of £440,867, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,167 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, 9, Merlin Gardens, Romford was last sold on 14 May 2007 for £250,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2007, the market for similar properties has risen 83.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Merlin Gardens, Romford within a radius of 610 metres over the last 2 years.
The most recent example is 43, Avelon Road, Romford, RM5 3XX, a Freehold house which sold for £500,000 in Jun 2023.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merlin Gardens, Romford, RM5 has a total of 30 addresses. According to our analysis of all the public data, 9, Merlin Gardens, Romford is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in RM5.
The closest station to 9, Merlin Gardens, Romford is Gidea Park station which is 3.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 9, Merlin Gardens, Romford, 59.5% of property is privately owned outright and 27.0% is privately owned with a mortgage.
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 9, Merlin Gardens, Romford, 12.0% of residents are recorded as possessing school level qualifications and 26.3% 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 9, Merlin Gardens, 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 9, Merlin Gardens, Romford, 0.6% 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 9, Merlin Gardens, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.