145, MARKS ROAD, ROMFORD, RM7 7AF - £395,000

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.

145 MARKS ROAD is a very small extended terraced house of 68m², built sometime before 1900, which could now be worth an estimated £429,677. It was last sold for £395,000 in July 2022, which was around 2% below the average July 2022 terraced price in the Havering local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

145 MARKS ROAD Sold Prices

Land registry data shows four sales for 145 MARKS ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Havering local authority area for the corresponding sale date. The four 145 MARKS ROAD sales were a mix of below the average price, and roughly equal to 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
2022 25 JUL	£395,000	£403,213	2% below HPI
2017 9 MAY	£314,000	£333,067	6% below HPI
2011 14 SEP	£189,000	£207,483	9% below HPI
2002 8 AUG	£140,000	£140,016	Close to HPI

145 MARKS ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Havering local authority area over time, sourced from the HPI. The four 145 MARKS ROAD sales between August 2002 and July 2022 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 May 2017 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the July 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 145 MARKS ROAD be worth now?

145 MARKS ROAD might now be worth an estimated £429,677.

This is based on house price inflation of 8.8%, between July 2022 and May 2026, for terraced houses, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.8% inflationary increase is applied to the most recent sale price for 145 MARKS ROAD of £395,000 on 25th July 2022. For the value to have increased from £395,000 to £429,677 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 145 MARKS ROAD has moved in line with the HPI for terraced houses in the Havering local authority area.
• The July 2022 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 145 MARKS ROAD has not materially changed since July 2022.

How Large is 145 MARKS ROAD?

145 MARKS ROAD is 68m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% 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 145 MARKS ROAD lies on this distribution: 4% of terraced houses houses are smaller than 145 MARKS ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Romford.

145 MARKS ROAD: Plot and Title Map

145 MARKS ROAD sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 145 MARKS ROAD, 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 145 MARKS ROAD). 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 145 MARKS ROAD?

145 MARKS ROAD is located in ROMFORD, in the RM7 postcode district. The below map shows the position of No. 145 on MARKS ROAD.