394, MAWNEY ROAD, ROMFORD, RM7 8QP - £550,000

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

394 MAWNEY ROAD is a midsized detached house of 122m², built sometime between 1967 and 1975. It was last sold for £550,000 in August 2017, which was around 20% below the average August 2017 detached price in the Havering local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

394 MAWNEY ROAD Sold Prices

Land registry data shows two sales for 394 MAWNEY ROAD 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 394 MAWNEY ROAD 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
2017 25 AUG	£550,000	£688,647	20% below HPI
1999 30 JUN	£142,500	£181,570	22% below HPI

394 MAWNEY ROAD 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 394 MAWNEY ROAD sales from June 1999 and August 2017 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 1999 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2017 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 394 MAWNEY ROAD?

394 MAWNEY ROAD is 122m² according to the EPC inspection conducted in June 2017. This puts it in the largest 50% of detached houses in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 394 MAWNEY ROAD lies on this distribution: 50% of detached houses are smaller than 394 MAWNEY ROAD, and 49% of houses are larger. Note that EPC data is not available for all properties in Romford.

394 MAWNEY ROAD: Plot and Title Map

394 MAWNEY ROAD sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 394 MAWNEY ROAD, 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 394 MAWNEY ROAD). 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 394 MAWNEY ROAD?

394 MAWNEY ROAD is located in ROMFORD, in the RM7 postcode district. The below map shows the position of No. 394 on MAWNEY ROAD.