46, PARKWAY, ROMFORD, RM2 5PA - £1,000,000

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

46 PARKWAY is a large extended detached house of 166m², built sometime between 1930 and 1949. It was last sold for £1,000,000 in February 2022, which was around 30% above the average February 2022 detached price in the Havering local authority area. The most recent EPC inspection was February 2018, where the current energy rating was E, and the potential energy rating was D.

46 PARKWAY Sold Prices

Land registry data shows three sales for 46 PARKWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Havering local authority area for the corresponding sale date. All of the three 46 PARKWAY sales were for above 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
2022 28 FEB	£1,000,000	£770,714	30% above HPI
2019 8 NOV	£910,000	£694,831	31% above HPI
2004 10 DEC	£485,000	£373,328	30% above HPI

46 PARKWAY 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 three 46 PARKWAY sales between December 2004 and February 2022 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 November 2019 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the February 2022 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 46 PARKWAY?

46 PARKWAY is 166m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 46 PARKWAY lies on this distribution: 62% of detached houses are smaller than 46 PARKWAY, and 38% of houses are larger. Note that EPC data is not available for all properties in London.

46 PARKWAY: Plot and Title Map

46 PARKWAY sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 46 PARKWAY, 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 46 PARKWAY). 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 46 PARKWAY?

46 PARKWAY is located in ROMFORD, in the RM2 postcode district. The below map shows the position of No. 46 on PARKWAY.