7, PHILAN WAY, ROMFORD, RM5 3YT - £395,000

7 PHILAN WAY is a very small detached house of 75m², built sometime between 2003 and 2006. It was last sold for £395,000 in February 2021, which was around 47% below the average February 2021 detached price in the Havering local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

7 PHILAN WAY Sold Prices

Land registry data shows three sales for 7 PHILAN 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 7 PHILAN 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
2021 11 FEB	£395,000	£738,514	47% below HPI
2015 8 JUN	£290,000	£537,239	46% below HPI
2002 6 DEC	£209,995	£329,068	36% below HPI

7 PHILAN 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 7 PHILAN WAY sales between December 2002 and February 2021 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 2015 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2021 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 7 PHILAN WAY?

7 PHILAN WAY is 75m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 7 PHILAN WAY lies on this distribution: 6% of detached houses are smaller than 7 PHILAN WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in London.

7 PHILAN WAY: Plot and Title Map

7 PHILAN WAY sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 7 PHILAN 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 7 PHILAN 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 7 PHILAN WAY?

7 PHILAN WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 7 on PHILAN WAY.