12, HOMEWAY, ROMFORD, RM3 0HD - £335,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 HOMEWAY is a very small extended detached house of 89m², built sometime between 2003 and 2006. It was last sold for £335,000 in June 2013, which was around 21% below the average June 2013 detached price in the Havering local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

12 HOMEWAY Sold Prices

Land registry data shows three sales for 12 HOMEWAY 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 12 HOMEWAY 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
2013 28 JUN	£335,000	£425,126	21% below HPI
2004 12 MAR	£280,000	£357,533	22% below HPI
2001 26 MAR	£105,000	£234,551	55% below HPI

12 HOMEWAY 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 12 HOMEWAY sales between March 2001 and June 2013 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 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2013 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 12 HOMEWAY?

12 HOMEWAY is 89m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 12 HOMEWAY lies on this distribution: 13% of detached houses are smaller than 12 HOMEWAY, and 87% of houses are larger. Note that EPC data is not available for all properties in London.

12 HOMEWAY: Plot and Title Map

12 HOMEWAY sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 12 HOMEWAY, 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 12 HOMEWAY). 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 12 HOMEWAY?

12 HOMEWAY is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 12 on HOMEWAY.