29, PARKWAY, ROMFORD, RM2 5NT - £1,050,000

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.

29 PARKWAY is a very large detached house of 258m², built sometime from 2007 onwards, which could now be worth an estimated £2,421,132. It was last sold for £1,050,000 in May 2009, which was around 186% above the average May 2009 detached price in the Havering local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

29 PARKWAY Sold Prices

Land registry data shows two sales for 29 PARKWAY 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 29 PARKWAY 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
2009 20 MAY	£1,050,000	£367,077	186% above HPI
2007 25 SEP	£547,500	£430,227	27% above HPI

29 PARKWAY 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 29 PARKWAY sales from September 2007 and May 2009 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 September 2007 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2009 sale, where it rises to 186% above the HPI. The line then continues to track at 186% above the HPI.

What might 29 PARKWAY be worth now?

29 PARKWAY might now be worth an estimated £2,421,132.

This is based on house price inflation of 130.6%, between May 2009 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 130.6% inflationary increase is applied to the most recent sale price for 29 PARKWAY of £1,050,000 on 20th May 2009. For the value to have increased from £1,050,000 to £2,421,132 over the seventeen years to May 2026, the following assumptions must hold true:

• The value of 29 PARKWAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The May 2009 sale price of £1,050,000 represented a fair market value for the property.
• The size, condition, and specification of 29 PARKWAY has not materially changed since May 2009.

How Large is 29 PARKWAY?

29 PARKWAY is 258m² according to the EPC inspection conducted in March 2009. This puts it in the largest 20% 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 29 PARKWAY lies on this distribution: 86% of detached houses houses are smaller than 29 PARKWAY, and 14% of houses are larger. Note that EPC data is not available for all properties in London.

29 PARKWAY: Plot and Title Map

29 PARKWAY sits on a plot of roughly 0.259 of an acre, or 1,049m². The below map shows the location of 29 PARKWAY, 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 29 PARKWAY). 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 29 PARKWAY?

29 PARKWAY is located in ROMFORD, in the RM2 postcode district. The below map shows the position of No. 29 on PARKWAY.