40, PARK DRIVE, ROMFORD, RM1 4LH - £550,000

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

40 PARK DRIVE is a midsized extended detached house of 127m², built sometime between 1930 and 1949. It was last sold for £550,000 in September 2016, which was around 18% below the average September 2016 detached price in the Havering local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

40 PARK DRIVE Sold Prices

Land registry data shows two sales for 40 PARK DRIVE 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 40 PARK DRIVE 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 15 SEP	£550,000	£672,272	18% below HPI
2004 30 JUL	£322,500	£358,134	10% below HPI

40 PARK DRIVE 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 40 PARK DRIVE sales from July 2004 and September 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 July 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2016 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 40 PARK DRIVE?

40 PARK DRIVE is 127m², which includes two extensions, according to the EPC inspection conducted in October 2015. 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 40 PARK DRIVE lies on this distribution: 54% of detached houses are smaller than 40 PARK DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Romford.

40 PARK DRIVE: Plot and Title Map

40 PARK DRIVE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 40 PARK DRIVE, 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 40 PARK DRIVE). 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 40 PARK DRIVE?

40 PARK DRIVE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 40 on PARK DRIVE.