18, WALLACE WAY, ROMFORD, RM1 4TG - £446,995

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 WALLACE WAY is a very large extended detached house of 237m², built sometime between 2003 and 2006, which could now be worth an estimated £1,018,392. It was last sold for £446,995 in May 2005, which was around 24% above the average May 2005 detached price in the Havering local authority area. The most recent EPC inspection was November 2024, where the current energy rating was C, and the potential energy rating was C.

18 WALLACE WAY Sold Prices

Land registry data shows two sales for 18 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. Both of the two 18 WALLACE WAY sales 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
2005 27 MAY	£446,995	£361,486	24% above HPI
2003 31 OCT	£402,000	£344,662	17% above HPI

18 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 18 WALLACE WAY sales from October 2003 and May 2005 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 October 2003 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the May 2005 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 18 WALLACE WAY be worth now?

18 WALLACE WAY might now be worth an estimated £1,018,392.

This is based on house price inflation of 127.8%, between May 2005 and March 2025, 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 127.8% inflationary increase is applied to the most recent sale price for 18 WALLACE WAY of £446,995 on 27th May 2005. For the value to have increased from £446,995 to £1,018,392 over the twenty years and two months to March 2025, the following assumptions must hold true:

• The value of 18 WALLACE WAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The May 2005 sale price of £446,995 represented a fair market value for the property.
• The size, condition, and specification of 18 WALLACE WAY has not materially changed since May 2005.

How Large is 18 WALLACE WAY?

18 WALLACE WAY is 237m², which includes two extensions, according to the EPC inspection conducted in November 2024. This puts it in the largest 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 18 WALLACE WAY lies on this distribution: 83% of detached houses houses are smaller than 18 WALLACE WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in London.

18 WALLACE WAY: Plot and Title Map

18 WALLACE WAY sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 18 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 18 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 18 WALLACE WAY?

18 WALLACE WAY is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 18 on WALLACE WAY.