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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 2, Irons Way, Romford is a mid-century freehold house with 1,410 ft2 of internal area and sits on a 323 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Irons Way, Romford is £561,762 and the estimated rental value is £2,390 per month.
Irons Way, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
2, Irons Way, Romford has 21 entries in the Land Registry , most recently in December 2017 and a single entry in the EPC database dated August 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
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 2, Irons Way, Romford is in very good condition we estimate a sale value of £589,850 and a rental value of £2,510 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £522,439 and a rental value of £2,223 per month.
Over the last 12 months the sale value of 2 Irons Way Romford has increased by an estimated £5,874 (1.0%) and its rental value has increased by an estimated £67 per month (2.8%), giving an expected gross yield of 5.1%.
According to data from HM Land Registry, 2, Irons Way, Romford sits on a plot of 323m2.
We have plot size data on 32 out of 32 other houses in the postcode and 2, Irons Way, Romford sits on the 3rd largest plot.
2, Irons Way, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Aug 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Irons Way, Romford was last sold on 1st December 2017 for £477,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since December 2017, the market for similar properties has risen 19.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Irons Way, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 7, Felstead Road, Romford, RM5 3RH, a freehold house which sold for £565,000 on the 17th February 2022.
Read more about house prices in RM5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Irons Way, Romford, RM5 has a total of 32 addresses. According to our analysis of all the public data, 2, Irons Way, Romford is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £139k more expensive than the average property in RM5.
The closest station to 2, Irons Way, Romford is Romford station which is 2.9 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Irons Way, Romford, 56.5% of property is privately owned outright and 36.1% 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 2, Irons Way, Romford, 13.1% of residents are recorded as possessing school level qualifications and 25.3% 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 2, Irons Way, 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 2, Irons Way, Romford, 1.2% 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 2, Irons Way, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
