317, GORSEWAY, ROMFORD, RM7 0SD - £425,000

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.

317 GORSEWAY is a midsized extended terraced house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £553,532. It was last sold for £425,000 in May 2018, which was around 35% above the average May 2018 terraced price in the Barking and Dagenham local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

317 GORSEWAY Sold Prices

Land registry data shows five sales for 317 GORSEWAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Barking and Dagenham local authority area for the corresponding sale date. All of the five 317 GORSEWAY 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
2018 25 MAY	£425,000	£314,421	35% above HPI
2011 29 MAR	£230,000	£173,795	32% above HPI
2009 22 MAY	£250,000	£157,519	59% above HPI
2006 31 OCT	£250,000	£180,067	39% above HPI
1998 23 JAN	£80,000	£61,455	30% above HPI

317 GORSEWAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Barking and Dagenham local authority area over time, sourced from the HPI. The five 317 GORSEWAY sales between January 1998 and May 2018 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 March 2011 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2018 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 317 GORSEWAY be worth now?

317 GORSEWAY might now be worth an estimated £553,532.

This is based on house price inflation of 30.2%, between May 2018 and July 2026, for terraced houses, in the Barking and Dagenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.2% inflationary increase is applied to the most recent sale price for 317 GORSEWAY of £425,000 on 25th May 2018. For the value to have increased from £425,000 to £553,532 over the seven years and ten months to July 2026, the following assumptions must hold true:

• The value of 317 GORSEWAY has moved in line with the HPI for terraced houses in the Barking and Dagenham local authority area.
• The May 2018 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 317 GORSEWAY has not materially changed since May 2018.

How Large is 317 GORSEWAY?

317 GORSEWAY is 116m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 50% 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 317 GORSEWAY lies on this distribution: 44% of terraced houses houses are smaller than 317 GORSEWAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Romford.

317 GORSEWAY: Plot and Title Map

317 GORSEWAY sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 317 GORSEWAY, 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 317 GORSEWAY). 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 317 GORSEWAY?

317 GORSEWAY is located in ROMFORD, in the RM7 postcode district. The below map shows the position of No. 317 on GORSEWAY.