14, WALLACE WAY, ROMFORD, RM1 4TG - £685,000

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

14 WALLACE WAY is a large extended detached house of 206m², built sometime between 2003 and 2006. It was last sold for £685,000 in December 2018, which was around 4% below the average December 2018 detached price in the Havering local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

14 WALLACE WAY Sold Prices

Land registry data shows three sales for 14 WALLACE 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. One of the three 14 WALLACE WAY sales was for below the average price, whilst two 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
2018 14 DEC	£685,000	£710,733	4% below HPI
2009 17 APR	£420,000	£376,404	12% above HPI
2003 22 DEC	£399,950	£346,214	16% above HPI

14 WALLACE 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 14 WALLACE WAY sales between December 2003 and December 2018 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 April 2009 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the December 2018 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 14 WALLACE WAY?

14 WALLACE WAY is 206m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the largest 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 14 WALLACE WAY lies on this distribution: 76% of detached houses are smaller than 14 WALLACE WAY, and 23% of houses are larger. Note that EPC data is not available for all properties in London.

14 WALLACE WAY: Plot and Title Map

14 WALLACE WAY sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 14 WALLACE 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 14 WALLACE 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 14 WALLACE WAY?

14 WALLACE WAY is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 14 on WALLACE WAY.