7, SCHOLARS WAY, ROMFORD, RM2 5US - £500,000

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.

7 SCHOLARS WAY is a small terraced house of 108m², built sometime between 2003 and 2006, which could now be worth an estimated £581,669. It was last sold for £500,000 in January 2021, which was around 36% above the average January 2021 terraced price in the Havering local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

7 SCHOLARS WAY Sold Prices

Land registry data shows five sales for 7 SCHOLARS WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Havering local authority area for the corresponding sale date. All of the five 7 SCHOLARS 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
2021 29 JAN	£500,000	£366,946	36% above HPI
2016 26 SEP	£500,000	£340,631	47% above HPI
2013 28 MAR	£335,000	£209,665	60% above HPI
2008 19 JUN	£335,000	£221,319	51% above HPI
2004 1 JUN	£304,950	£179,727	70% above HPI

7 SCHOLARS WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Havering local authority area over time, sourced from the HPI. The five 7 SCHOLARS WAY sales between June 2004 and January 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 September 2016 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the January 2021 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 7 SCHOLARS WAY be worth now?

7 SCHOLARS WAY might now be worth an estimated £581,669.

This is based on house price inflation of 16.3%, between January 2021 and June 2025, for terraced 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 16.3% inflationary increase is applied to the most recent sale price for 7 SCHOLARS WAY of £500,000 on 29th January 2021. For the value to have increased from £500,000 to £581,669 over the three years and seven months to June 2025, the following assumptions must hold true:

• The value of 7 SCHOLARS WAY has moved in line with the HPI for terraced houses in the Havering local authority area.
• The January 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SCHOLARS WAY has not materially changed since January 2021.

How Large is 7 SCHOLARS WAY?

7 SCHOLARS WAY is 108m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 40% 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 7 SCHOLARS WAY lies on this distribution: 37% of terraced houses houses are smaller than 7 SCHOLARS WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Romford.

7 SCHOLARS WAY: Plot and Title Map

7 SCHOLARS WAY sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 7 SCHOLARS 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 SCHOLARS 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 SCHOLARS WAY?

7 SCHOLARS WAY is located in ROMFORD, in the RM2 postcode district. The below map shows the position of No. 7 on SCHOLARS WAY.