According to the public record, Forge House, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 2,960 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Chequers Road, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
Forge House, Romford has 21 entries in the Land Registry database, most recently in April 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 Forge House Romford as £1,000,842 and the rental value as £3,940 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Forge House Romford has decreased by £27,123 (2.7%) and its rental value has increased by £123 per month (3.1%).
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 Forge House, Romford is in very good condition we estimate a sale value of £1,050,884 and rental value of £4,137 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £930,783 and a rental value of £3,664 per month.
If you were able to purchase this property for the estimated value of £1,000,842, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,919 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, Forge House, Romford was last sold on 23 Apr 2007 for £1,085,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2007, the market for similar properties has risen 88.0%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Forge House, Romford within a radius of 1.1km over the last 2 years.
The most recent example is 48, Wincanton Road, Romford, RM3 9DH, a Freehold house which sold for £874,000 in Jul 2022.
Read more about house prices in RM3.
Chequers Road, Romford, RM3 has a total of 7 addresses. According to our analysis of all the public data, Forge House, Romford is the largest and the most expensive property on the street.
When compared to the postcode district it is £640k more expensive than the average property in RM3.
The closest station to Forge House, Romford is Harold Wood station which is 3.2 km 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 Forge House, Romford, 35.7% of property is privately owned outright and 33.9% is privately rented.
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 Forge House, Romford, 16.9% of residents are recorded as possessing school level qualifications and 18.7% 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 Forge House, Romford, the average age was 38.4 and the most common age was 32.
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 Forge House, 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 Forge House, Romford, there are an average of 1.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.