56, LAWNS WAY, ROMFORD, RM5 3TH - £500,000

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

56 LAWNS WAY is a very small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £500,000 in June 2021, which was around 31% below the average June 2021 detached price in the Havering local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

56 LAWNS WAY Sold Prices

Land registry data shows two sales for 56 LAWNS WAY 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 56 LAWNS WAY 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
2021 14 JUN	£500,000	£719,587	31% below HPI
1998 15 JUL	£139,000	£170,573	19% below HPI

56 LAWNS WAY 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 56 LAWNS WAY sales from July 1998 and June 2021 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 1998 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 56 LAWNS WAY?

56 LAWNS WAY is 73m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 56 LAWNS WAY lies on this distribution: 5% of detached houses are smaller than 56 LAWNS WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in London.

56 LAWNS WAY: Plot and Title Map

56 LAWNS WAY sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 56 LAWNS WAY, 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 LAWNS WAY). 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 LAWNS WAY?

56 LAWNS WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 56 on LAWNS WAY.