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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 7, Bay Close, Romford is £590,560 and the estimated rental value is £2,561 per month.
Bay Close, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
7, Bay Close, Romford has a single entry in the Land Registry from February 2021 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 7, Bay Close, Romford is in very good condition we estimate a sale value of £620,088 and a rental value of £2,689 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £549,221 and a rental value of £2,382 per month.
Over the last 12 months the sale value of 7 Bay Close Romford has increased by an estimated £3,746 (0.6%) and its rental value has increased by an estimated £48 per month (1.9%), giving an expected gross yield of 5.2%.
According to data from HM Land Registry, 7, Bay Close, Romford sits on a plot of 203m2.
We have plot size data on 10 out of 17 other houses in the postcode and 7, Bay Close, Romford sits on the 2nd largest plot.
7, Bay Close, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Sep 2020.
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, 7, Bay Close, Romford was last sold on 12th February 2021 for £530,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2021, the market for similar properties has risen 17.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Bay Close, Romford within a radius of 560 metres over the last 2 years.
The most recent example is 6, Bay Close, Romford, RM7 0HZ, a freehold house which sold for £515,000 on the 23rd April 2021.
Read more about house prices in RM7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bay Close, Romford, RM7 has a total of 35 addresses. According to our analysis of all the public data, 7, Bay Close, Romford is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £190k more expensive than the average property in RM7.
The nearest school is Crowlands Primary School which is 602 metres away. The nearest train station is Romford which is 1.1 kilometres away.
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