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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
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According to the public record, 2, Scotspine Lane, Romford is a modern leasehold house with 893 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Scotspine Lane, Romford is £385,371 and the estimated rental value is £2,096 per month.
Scotspine Lane, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
2, Scotspine Lane, Romford has a single entry in the Land Registry from April 2021 and a single entry in the EPC database dated September 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.
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, Scotspine Lane, Romford is in very good condition we estimate a sale value of £404,640 and a rental value of £2,200 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,395 and a rental value of £1,949 per month.
Over the last 12 months the sale value of 2 Scotspine Lane Romford has increased by an estimated £8,858 (2.3%) and its rental value has increased by an estimated £57 per month (2.7%), giving an expected gross yield of 6.5%.
2, Scotspine Lane, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Sep 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Scotspine Lane, Romford was last sold on 23rd April 2021 for £192,500 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since April 2021, the market for similar properties has risen 22.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Scotspine Lane, Romford within a radius of 430 metres over the last 2 years.
The most recent example is 17, Scotspine Lane, Romford, RM3 0FY, a leasehold house which sold for £180,000 on the 16th May 2024.
Read more about house prices in RM3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Scotspine Lane, Romford, RM3 has a total of 17 addresses. According to our analysis of all the public data, 2, Scotspine Lane, Romford is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £3k less expensive than the average property in RM3.
The nearest school is Redden Court School which is 642 metres away. The nearest train station is Harold Wood which is 500 metres away.
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