15, WALLACE WAY, ROMFORD, RM1 4TG - £427,000

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

15 WALLACE WAY is a large extended detached house of 205m², built sometime between 2003 and 2006. It was last sold for £427,000 in September 2007, which was around 2% below the average September 2007 detached price in the Havering local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was C.

15 WALLACE WAY Sold Prices

Land registry data shows two sales for 15 WALLACE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havering local authority area for the corresponding sale date. One of the two 15 WALLACE WAY sales was for below the average price, whilst the other was 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
2007 24 SEP	£427,000	£434,807	2% below HPI
2003 12 SEP	£350,000	£346,643	1% above HPI

15 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 two 15 WALLACE WAY sales from September 2003 and September 2007 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 September 2003 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2007 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 15 WALLACE WAY?

15 WALLACE WAY is 205m², which includes two extensions, according to the EPC inspection conducted in April 2021. 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 15 WALLACE WAY lies on this distribution: 76% of detached houses are smaller than 15 WALLACE WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in London.

15 WALLACE WAY: Plot and Title Map

15 WALLACE WAY sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 15 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 15 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 15 WALLACE WAY?

15 WALLACE WAY is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 15 on WALLACE WAY.