According to the public record, Milford, Romford is a period freehold house with 862 ft2 of internal area and sits on a 551 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Heaton Grange Road, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
Milford, Romford has 2 entries in the Land Registry database, most recently in December 2011 and a single entry in the EPC database dated November 2009.
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 Milford Romford as £583,679 and the rental value as £2,433 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Milford Romford has decreased by £2,336 (0.4%) and its rental value has increased by £141 per month (5.8%).
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 Milford, Romford is in very good condition we estimate a sale value of £612,863 and rental value of £2,555 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £542,822 and a rental value of £2,263 per month.
If you were able to purchase this property for the estimated value of £583,679, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,869 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, Milford, Romford sits on a plot of 551m2.
We have plot size data on 4 out of 6 other houses in the postcode and Milford, Romford sits on the 4th largest plot.
According to HM Land Registry, Milford, Romford was last sold on 08 Dec 2011 for £403,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2011, the market for similar properties has risen 89.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Milford, Romford within a radius of 870 metres over the last 2 years.
The most recent example is 10, Risebridge Road, Romford, RM2 5PR, a Freehold house which sold for £700,000 in Aug 2022.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Heaton Grange Road, Romford, RM2 has a total of 6 addresses. According to our analysis of all the public data, Milford, Romford is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £68k more expensive than the average property in RM2.
Milford, Romford has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 05 Nov 2009.
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 Milford, Romford is Gidea Park station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Milford, Romford, 47.3% of property is privately owned outright and 44.5% 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 Milford, Romford, 12.7% of residents are recorded as possessing school level qualifications and 32.3% 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 Milford, Romford, the average age was 44 and the most common age was 57.
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 Milford, Romford, 1.6% 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 Milford, 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.