2, HOMEWAY, ROMFORD, RM3 0HD - £450,000

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.

2 HOMEWAY is a very small extended detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £470,623. It was last sold for £450,000 in October 2022, which was around 44% below the average October 2022 detached price in the Havering local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

2 HOMEWAY Sold Prices

Land registry data shows one sale for 2 HOMEWAY since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Havering local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 19 OCT	£450,000	£809,330	44% below HPI

What might 2 HOMEWAY be worth now?

2 HOMEWAY might now be worth an estimated £470,623.

This is based on house price inflation of 4.6%, between October 2022 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 4.6% inflationary increase is applied to the most recent sale price for 2 HOMEWAY of £450,000 on 19th October 2022. For the value to have increased from £450,000 to £470,623 over the four years and five months to May 2026, the following assumptions must hold true:

• The value of 2 HOMEWAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The October 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOMEWAY has not materially changed since October 2022.

How Large is 2 HOMEWAY?

2 HOMEWAY is 70m², which includes one extension, according to the EPC inspection conducted in July 2022. 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 2 HOMEWAY lies on this distribution: 4% of detached houses are smaller than 2 HOMEWAY, and 96% of detached houses are larger. Note that EPC data is not available for all properties in London.

2 HOMEWAY: Plot

2 HOMEWAY sits on a plot of roughly 0.115 of an acre, or 466m².

Where is 2 HOMEWAY?

2 HOMEWAY is located in ROMFORD, in the RM3 postcode district.