56, BALGORES LANE, ROMFORD, RM2 5JU - £650,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

56 BALGORES LANE is a small detached house of 101m², built sometime between 1930 and 1949, which could now be worth an estimated £784,231. It was last sold for £650,000 in May 2019, which was around 4% below the average May 2019 detached price in the Havering local authority area. The most recent EPC inspection was July 2011, where the current energy rating was E, and the potential energy rating was D.

56 BALGORES LANE Sold Prices

Land registry data shows three sales for 56 BALGORES LANE 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. Two of the three 56 BALGORES LANE sales were for below the average price, whilst one was 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
2019 7 MAY	£650,000	£679,572	4% below HPI
2009 25 SEP	£484,000	£377,372	28% above HPI
1998 21 AUG	£164,000	£170,254	4% below HPI

56 BALGORES LANE 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 56 BALGORES LANE sales between August 1998 and May 2019 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 September 2009 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the May 2019 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 56 BALGORES LANE be worth now?

56 BALGORES LANE might now be worth an estimated £784,231.

This is based on house price inflation of 20.7%, between May 2019 and February 2025, for detached houses, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.7% inflationary increase is applied to the most recent sale price for 56 BALGORES LANE of £650,000 on 7th May 2019. For the value to have increased from £650,000 to £784,231 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 56 BALGORES LANE has moved in line with the HPI for detached houses in the Havering local authority area.
• The May 2019 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 56 BALGORES LANE has not materially changed since May 2019.

How Large is 56 BALGORES LANE?

56 BALGORES LANE is 101m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 30% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 56 BALGORES LANE lies on this distribution: 21% of detached houses houses are smaller than 56 BALGORES LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in London.

56 BALGORES LANE: Plot and Title Map

56 BALGORES LANE sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of 56 BALGORES LANE, 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 56 BALGORES LANE). 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 56 BALGORES LANE?

56 BALGORES LANE is located in ROMFORD, in the RM2 postcode district. The below map shows the position of No. 56 on BALGORES LANE.