161, MARKS ROAD, ROMFORD, RM7 7AF - £390,000

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.

161 MARKS ROAD is a very small extended terraced house of 65m², built sometime between 1900 and 1929, which could now be worth an estimated £406,676. It was last sold for £390,000 in November 2022, which was around 7% below the average November 2022 terraced price in the Havering local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

161 MARKS ROAD Sold Prices

Land registry data shows three sales for 161 MARKS ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Havering local authority area for the corresponding sale date. All of the three 161 MARKS ROAD sales were for below 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 28 NOV	£390,000	£420,626	7% below HPI
2002 14 MAY	£117,500	£127,704	8% below HPI
1999 23 AUG	£48,000	£86,326	44% below HPI

161 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 three 161 MARKS ROAD sales between August 1999 and November 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 2002 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 161 MARKS ROAD be worth now?

161 MARKS ROAD might now be worth an estimated £406,676.

This is based on house price inflation of 4.3%, between November 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 4.3% inflationary increase is applied to the most recent sale price for 161 MARKS ROAD of £390,000 on 28th November 2022. For the value to have increased from £390,000 to £406,676 over the four years and six months to May 2026, the following assumptions must hold true:

• The value of 161 MARKS ROAD has moved in line with the HPI for terraced houses in the Havering local authority area.
• The November 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 161 MARKS ROAD has not materially changed since November 2022.

How Large is 161 MARKS ROAD?

161 MARKS ROAD is 65m², which includes two extensions, according to the EPC inspection conducted in August 2018. 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 161 MARKS ROAD lies on this distribution: 2% of terraced houses houses are smaller than 161 MARKS ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Romford.

161 MARKS ROAD: Plot and Title Map

161 MARKS ROAD sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 161 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 161 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 161 MARKS ROAD?

161 MARKS ROAD is located in ROMFORD, in the RM7 postcode district. The below map shows the position of No. 161 on MARKS ROAD.