According to the public record, 50A, Elm Road, Romford is a early-century house with 581 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Elm Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
50A, Elm Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated April 2022.
We combine this information with public data 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 50A Elm Road Romford as £329,259 and the rental value as £1,619 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 50A Elm Road Romford has decreased by £2,130 (0.6%) and its rental value has increased by £101 per month (6.2%).
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 50A, Elm Road, Romford is in very good condition we estimate a sale value of £345,722 and rental value of £1,700 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £306,211 and a rental value of £1,506 per month.
If you were able to purchase this property for the estimated value of £329,259, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,618 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50A, Elm Road, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 37, Walmer Close, Romford, RM7 8QH, a Freehold house which sold for £475,000 in Apr 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elm Road, Romford, RM7 has a total of 51 addresses. According to our analysis of all the public data, 50A, Elm Road, Romford is the 51st largest and the 51st most expensive property on the street.
When compared to the postcode district it is £47k less expensive than the average property in RM7.
50A, Elm Road, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Apr 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 50A, Elm Road, Romford is Romford station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 50A, Elm Road, Romford, 45.2% of property is privately owned outright and 45.2% 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 50A, Elm Road, Romford, 18.2% of residents are recorded as possessing school level qualifications and 30.4% 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 50A, Elm Road, Romford, the average age was 40.2 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 50A, Elm Road, 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 50A, Elm Road, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.