1C, HOMEWAY, ROMFORD, RM3 0HD - £355,000

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.

1C HOMEWAY is a very small extended terraced house of 81m², built sometime between 1930 and 1949, which could now be worth an estimated £459,084. It was last sold for £355,000 in March 2017, which was around 5% above the average March 2017 terraced price in the Havering local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

1C HOMEWAY Sold Prices

Land registry data shows two sales for 1C HOMEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Havering local authority area for the corresponding sale date. One of the two 1C HOMEWAY sales was for above the average price, whilst the other was 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
2017 31 MAR	£355,000	£339,169	5% above HPI
2014 6 JUN	£220,050	£246,682	11% below HPI

1C HOMEWAY 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 two 1C HOMEWAY sales from June 2014 and March 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 June 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2017 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 1C HOMEWAY be worth now?

1C HOMEWAY might now be worth an estimated £459,084.

This is based on house price inflation of 29.3%, between March 2017 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 29.3% inflationary increase is applied to the most recent sale price for 1C HOMEWAY of £355,000 on 31st March 2017. For the value to have increased from £355,000 to £459,084 over the eight years and ten months to May 2026, the following assumptions must hold true:

• The value of 1C HOMEWAY has moved in line with the HPI for terraced houses in the Havering local authority area.
• The March 2017 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 1C HOMEWAY has not materially changed since March 2017.

How Large is 1C HOMEWAY?

1C HOMEWAY is 81m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of terraced houses houses in London, based on EPC data. The below chart shows the distribution of terraced houses houses by size in London, and where 1C HOMEWAY lies on this distribution: 8% of terraced houses houses are smaller than 1C HOMEWAY, and 92% of houses are larger. Note that EPC data is not available for all properties in London.

1C HOMEWAY: Plot and Title Map

1C HOMEWAY sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 1C HOMEWAY, 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 1C HOMEWAY). 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 1C HOMEWAY?

1C HOMEWAY is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 1C on HOMEWAY.