13, PHILAN WAY, ROMFORD, RM5 3YT - £577,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

13 PHILAN WAY is a very small detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £592,264. It was last sold for £577,000 in December 2023, which was around 26% below the average December 2023 detached price in the Havering local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

13 PHILAN WAY Sold Prices

Land registry data shows three sales for 13 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 13 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
2023 1 DEC	£577,000	£774,699	26% below HPI
2021 15 JUN	£465,000	£712,008	35% below HPI
1997 17 JAN	£103,500	£137,460	25% below HPI

13 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 13 PHILAN WAY sales between January 1997 and December 2023 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 2021 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 13 PHILAN WAY be worth now?

13 PHILAN WAY might now be worth an estimated £592,264.

This is based on house price inflation of 2.6%, between December 2023 and December 2024, 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 2.6% inflationary increase is applied to the most recent sale price for 13 PHILAN WAY of £577,000 on 1st December 2023. For the value to have increased from £577,000 to £592,264 over the one year to December 2024, the following assumptions must hold true:

• The value of 13 PHILAN WAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The December 2023 sale price of £577,000 represented a fair market value for the property.
• The size, condition, and specification of 13 PHILAN WAY has not materially changed since December 2023.

How Large is 13 PHILAN WAY?

13 PHILAN WAY is 91m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 13 PHILAN WAY lies on this distribution: 14% of detached houses houses are smaller than 13 PHILAN WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in London.

13 PHILAN WAY: Plot and Title Map

13 PHILAN WAY sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 13 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 13 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 13 PHILAN WAY?

13 PHILAN WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 13 on PHILAN WAY.