2, CAXTON WAY, ROMFORD, RM1 4GS - £700,000

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.

2 CAXTON WAY is a very large detached house of 261m², built sometime between 1996 and 2002, which could now be worth an estimated £1,090,498. It was last sold for £700,000 in July 2015, which was around 29% above the average July 2015 detached price in the Havering local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

2 CAXTON WAY Sold Prices

Land registry data shows three sales for 2 CAXTON WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Havering local authority area for the corresponding sale date. All of the three 2 CAXTON WAY 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
2015 6 JUL	£700,000	£543,325	29% above HPI
2005 10 NOV	£520,000	£368,433	41% above HPI
2001 1 AUG	£405,000	£248,670	63% above HPI

2 CAXTON WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havering local authority area over time, sourced from the HPI. The three 2 CAXTON WAY sales between August 2001 and July 2015 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 November 2005 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the July 2015 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 2 CAXTON WAY be worth now?

2 CAXTON WAY might now be worth an estimated £1,090,498.

This is based on house price inflation of 55.8%, between July 2015 and May 2026, for detached 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 55.8% inflationary increase is applied to the most recent sale price for 2 CAXTON WAY of £700,000 on 6th July 2015. For the value to have increased from £700,000 to £1,090,498 over the eleven years and two months to May 2026, the following assumptions must hold true:

• The value of 2 CAXTON WAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The July 2015 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CAXTON WAY has not materially changed since July 2015.

How Large is 2 CAXTON WAY?

2 CAXTON WAY is 261m² according to the EPC inspection conducted in May 2011. This puts it in the largest 10% of detached houses houses in Romford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romford, and where 2 CAXTON WAY lies on this distribution: 97% of detached houses houses are smaller than 2 CAXTON WAY, and 3% of houses are larger. Note that EPC data is not available for all properties in Romford.

Where is 2 CAXTON WAY?

2 CAXTON WAY is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 2 on CAXTON WAY.