25, HOMEWAY, ROMFORD, RM3 0HD - £270,000

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

25 HOMEWAY is a very small extended detached house of 91m², built sometime between 1930 and 1949. It was last sold for £270,000 in January 2016, which was around 55% below the average January 2016 detached price in the Havering local authority area. The most recent EPC inspection was January 2016, where the current energy rating was F, and the potential energy rating was C.

25 HOMEWAY Sold Prices

Land registry data shows two sales for 25 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 25 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
2016 28 JAN	£270,000	£601,790	55% below HPI
1996 23 AUG	£58,000	£135,591	57% below HPI

25 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 25 HOMEWAY sales from August 1996 and January 2016 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 August 1996 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the January 2016 sale, where it rises to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 25 HOMEWAY?

25 HOMEWAY is 91m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 25 HOMEWAY lies on this distribution: 14% of detached houses are smaller than 25 HOMEWAY, and 86% of houses are larger. Note that EPC data is not available for all properties in London.

25 HOMEWAY: Plot and Title Map

25 HOMEWAY sits on a plot of roughly 0.128 of an acre, or 516m². The below map shows the location of 25 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 25 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 25 HOMEWAY?

25 HOMEWAY is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 25 on HOMEWAY.