16, Reed Pond Walk
16, Reed Pond Walk
Description & Estimates
Public records show 16, Reed Pond Walk, Romford to be a period freehold house with 1,948 ft2 of internal area, sitting on a 564 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
16, Reed Pond Walk, Romford has an estimated sale value of £1,285,537 and an estimated rental value of £4,321 per month, assuming reasonable condition and based on the information available.
Reed Pond Walk, Romford, RM2 lies in the borough of Havering, within the RM2 postal district.
Our Data Sources
16, Reed Pond Walk, Romford has a single entry in the Land Registry from March 2015 and a single entry in the EPC database dated August 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 16, Reed Pond Walk, Romford would be worth £1,349,814, with a potential rental value of £4,537 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £1,195,550, with a rental value of £4,019 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 16, Reed Pond Walk, Romford has increased by £18,621 (1.4%) over the last year. During the same period, its estimated monthly rental value has grown by £127 (2.9%). The property's estimated gross yield is currently 4.0%.
Plot Size
16, Reed Pond Walk, Romford occupies a 564 m2 plot as recorded by HM Land Registry.
All 14 other houses in this postcode have recorded plot sizes, and this one ranks as the 13th largest.
Energy Efficiency
16, Reed Pond Walk, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Aug 2014.
The property is not connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
16, Reed Pond Walk, Romford last changed hands on 27th March 2015, selling for £540,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 3.8% since March 2015.
- Sold Mar 2015£540,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 880 metres of 16, Reed Pond Walk, Romford across the last 2 years.
Most recently, 56, Parkway, Romford, RM2 5PA, a freehold house, sold at £1,350,000 on the 20th June 2023.
Read more about house prices in RM2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 16, Reed Pond Walk, Romford as the 9th largest and the 8th most expensive of the 39 addresses on Reed Pond Walk, Romford, RM2.
Against the RM2 postcode district average, it is £733k more expensive than the typical property.
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Schools Nearby
- 800mGidea Park Primary School
- 1.2kmRise Park Junior School
- 1.2kmRise Park Infant School
- 600mMarshalls Park Academy
- 1.3kmThe Royal Liberty School
- 1.8kmBower Park Academy
More reading links
Public Transport Nearby
Gidea Park station is the nearest stop to 16, Reed Pond Walk, Romford at 1.3 kilometres away.
- 1.3kmGidea Park
- 1.9kmRomford
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
