131, GORSEWAY, ROMFORD, RM7 0SA - £385,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

131 GORSEWAY is a small extended terraced house of 91m², built sometime between 1930 and 1949, which could now be worth an estimated £483,670. It was last sold for £385,000 in July 2017, which was around 23% above the average July 2017 terraced price in the Barking and Dagenham local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was C.

131 GORSEWAY Sold Prices

Land registry data shows three sales for 131 GORSEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Barking and Dagenham local authority area for the corresponding sale date. All of the three 131 GORSEWAY sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 20 JUL	£385,000	£313,244	23% above HPI
2007 15 FEB	£228,000	£187,223	22% above HPI
1996 9 FEB	£78,000	£54,727	43% above HPI

131 GORSEWAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Barking and Dagenham local authority area over time, sourced from the HPI. The three 131 GORSEWAY sales between February 1996 and July 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2007 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the July 2017 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 131 GORSEWAY be worth now?

131 GORSEWAY might now be worth an estimated £483,670.

This is based on house price inflation of 25.6%, between July 2017 and May 2026, for terraced houses, in the Barking and Dagenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.6% inflationary increase is applied to the most recent sale price for 131 GORSEWAY of £385,000 on 20th July 2017. For the value to have increased from £385,000 to £483,670 over the nine years and two months to May 2026, the following assumptions must hold true:

• The value of 131 GORSEWAY has moved in line with the HPI for terraced houses in the Barking and Dagenham local authority area.
• The July 2017 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 131 GORSEWAY has not materially changed since July 2017.

How Large is 131 GORSEWAY?

131 GORSEWAY is 91m², which includes two extensions, according to the EPC inspection conducted in January 2017. This puts it in the smallest 30% of terraced houses houses in Romford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Romford, and where 131 GORSEWAY lies on this distribution: 21% of terraced houses houses are smaller than 131 GORSEWAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Romford.

131 GORSEWAY: Plot and Title Map

131 GORSEWAY sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 131 GORSEWAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 131 GORSEWAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 131 GORSEWAY?

131 GORSEWAY is located in ROMFORD, in the RM7 postcode district. The below map shows the position of No. 131 on GORSEWAY.