56, PARKWAY, ROMFORD, RM2 5PA - £1,350,000

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 PARKWAY is a large extended detached house of 180m², built sometime between 1900 and 1929. It was last sold for £1,350,000 in June 2023, which was around 68% above the average June 2023 detached price in the Havering local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

56 PARKWAY Sold Prices

Land registry data shows two sales for 56 PARKWAY 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 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
2023 20 JUN	£1,350,000	£803,714	68% above HPI
2015 4 SEP	£775,000	£568,281	36% above HPI

56 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 two 56 PARKWAY sales from September 2015 and June 2023 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 2015 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the June 2023 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

How Large is 56 PARKWAY?

56 PARKWAY is 180m², which includes one extension, according to the EPC inspection conducted in March 2023. 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 56 PARKWAY lies on this distribution: 68% of detached houses are smaller than 56 PARKWAY, and 32% of houses are larger. Note that EPC data is not available for all properties in London.

56 PARKWAY: Plot and Title Map

56 PARKWAY sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of 56 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 56 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 56 PARKWAY?

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