21, HOMEWAY, ROMFORD, RM3 0HD - £371,000

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

21 HOMEWAY is a very small extended detached house of 82m², built sometime between 1900 and 1929. It was last sold for £371,000 in August 2023, which was around 54% below the average August 2023 detached price in the Havering local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was C.

21 HOMEWAY Sold Prices

Land registry data shows two sales for 21 HOMEWAY 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 21 HOMEWAY 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 23 AUG	£371,000	£798,809	54% below HPI
2023 8 JUN	£315,000	£803,714	61% below HPI

21 HOMEWAY 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 21 HOMEWAY sales from June 2023 and August 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 2023 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the August 2023 sale, where it rises to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 21 HOMEWAY?

21 HOMEWAY is 82m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 21 HOMEWAY lies on this distribution: 9% of detached houses are smaller than 21 HOMEWAY, and 91% of houses are larger. Note that EPC data is not available for all properties in London.

21 HOMEWAY: Plot and Title Map

21 HOMEWAY sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 21 HOMEWAY, 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 21 HOMEWAY). 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 21 HOMEWAY?

21 HOMEWAY is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 21 on HOMEWAY.