40 Park Drive

    40, PARK DRIVE, ROMFORD, RM1 4LH

    This detached freehold property on Park Drive last sold in September 2016 for £550,000. Based on price growth in the RM1 district since then, its estimated current value is £696,769 — placing it in the 90th percentile nationally and the 88th percentile within RM1. The property covers 127 m² (1,367 sq ft), giving an estimated value of £5,486 per m². The EPC rating is D, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,367 sq ft

    127 m²

    Last Sale Price

    £550,000

    Sept 2016

    Estimated Valuation

    £696,769

    Est. £/sq ft

    £510/sq ft

    £5,486/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area1,367 sq ft (127 m²)
    EPC dateOct 2015
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    15 Sept 2016

    £550,000

    30 Jul 2004

    £322,500

    Key Metrics

    Estimated valuation£696,769
    Value per sq ft / m²£510/sq ft (£5,486/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile88th percentile
    National percentile90th percentile

    District Context — RM1

    RM1 covers Romford and surrounding areas in East London, positioned in the east of the capital. It is a diverse, mixed-tenure neighbourhood with strong demand from families and commuters seeking affordable space within reach of London.

    Average Property Price - RM1

    £442,446

    73

    National percentile

    Average Net Household Income - RM1

    £47,792

    83

    National percentile

    10-Year Annualised Price Growth - RM1

    4.2%

    72

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM1

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