1, BILLET ROAD, ROMFORD, RM6 5SU - £515,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 BILLET ROAD is a small extended detached house of 114m², built sometime between 1930 and 1949. It was last sold for £515,000 in February 2022, which was around 48% below the average February 2022 detached price in the Redbridge local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was B.

1 BILLET ROAD Sold Prices

Land registry data shows two sales for 1 BILLET ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. Both of the two 1 BILLET ROAD 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
2022 28 FEB	£515,000	£986,145	48% below HPI
2017 31 JUL	£365,000	£833,146	56% below HPI

1 BILLET ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The two 1 BILLET ROAD sales from July 2017 and February 2022 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 July 2017 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the February 2022 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 1 BILLET ROAD?

1 BILLET ROAD is 114m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 30% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 1 BILLET ROAD lies on this distribution: 30% of detached houses are smaller than 1 BILLET ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in London.

1 BILLET ROAD: Plot and Title Map

1 BILLET ROAD sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of 1 BILLET ROAD, 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 1 BILLET ROAD). 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 1 BILLET ROAD?

1 BILLET ROAD is located in ROMFORD, in the RM6 postcode district. The below map shows the position of No. 1 on BILLET ROAD.