1B, GREENWAY, ROMFORD, RM3 0HH - £490,000

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

1B GREENWAY is a small extended detached house of 109m², built sometime between 1930 and 1949. It was last sold for £490,000 in May 2021, which was around 32% below the average May 2021 detached price in the Havering local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was C.

1B GREENWAY Sold Prices

Land registry data shows two sales for 1B GREENWAY 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 1B GREENWAY 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
2021 6 MAY	£490,000	£716,373	32% below HPI
2003 25 SEP	£250,000	£346,643	28% below HPI

1B GREENWAY 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 1B GREENWAY sales from September 2003 and May 2021 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 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 1B GREENWAY?

1B GREENWAY is 109m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 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 1B GREENWAY lies on this distribution: 26% of detached houses are smaller than 1B GREENWAY, and 73% of houses are larger. Note that EPC data is not available for all properties in London.

1B GREENWAY: Plot and Title Map

1B GREENWAY sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 1B GREENWAY, 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 1B GREENWAY). 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 1B GREENWAY?

1B GREENWAY is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 1B on GREENWAY.