2, CORNELL WAY, ROMFORD, RM5 2HA - £525,250

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 CORNELL WAY is a small extended detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £570,011. It was last sold for £525,250 in July 2024, which was around 33% below the average July 2024 detached price in the Havering local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

2 CORNELL WAY Sold Prices

Land registry data shows two sales for 2 CORNELL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havering local authority area for the corresponding sale date. Both of the two 2 CORNELL WAY 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
2024 23 JUL	£525,250	£779,955	33% below HPI
2018 27 APR	£400,000	£688,113	42% below HPI

2 CORNELL 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 two 2 CORNELL WAY sales from April 2018 and July 2024 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 April 2018 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2024 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 CORNELL WAY be worth now?

2 CORNELL WAY might now be worth an estimated £570,011.

This is based on house price inflation of 8.5%, between July 2024 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 8.5% inflationary increase is applied to the most recent sale price for 2 CORNELL WAY of £525,250 on 23rd July 2024. For the value to have increased from £525,250 to £570,011 over the two years and two months to May 2026, the following assumptions must hold true:

• The value of 2 CORNELL WAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The July 2024 sale price of £525,250 represented a fair market value for the property.
• The size, condition, and specification of 2 CORNELL WAY has not materially changed since July 2024.

How Large is 2 CORNELL WAY?

2 CORNELL WAY is 129m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 2 CORNELL WAY lies on this distribution: 39% of detached houses houses are smaller than 2 CORNELL WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in London.

2 CORNELL WAY: Plot and Title Map

2 CORNELL WAY sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 2 CORNELL WAY, 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 2 CORNELL WAY). 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 2 CORNELL WAY?

2 CORNELL WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 2 on CORNELL WAY.