1 Wallace Way

    1, WALLACE WAY, ROMFORD, RM1 4TG

    This semi-detached freehold property on Wallace Way last sold in February 2024 for £480,000. Based on price growth in the RM1 district since then, its estimated current value is £531,889 — placing it in the 81st percentile nationally and the 68th percentile within RM1. The property covers 124 m² (1,335 sq ft), giving an estimated value of £4,289 per m². The EPC rating is C, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    1,335 sq ft

    124 m²

    Last Sale Price

    £480,000

    Feb 2024

    Estimated Valuation

    £531,889

    Est. £/sq ft

    £398/sq ft

    £4,289/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formEnd-Terrace
    Construction ageI
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,335 sq ft (124 m²)
    EPC dateMay 2023
    WallsTimber frame, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Feb 2024

    £480,000

    30 Jun 2003

    New build

    £250,000

    Key Metrics

    Estimated valuation£531,889
    Value per sq ft / m²£398/sq ft (£4,289/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile68th percentile
    National percentile81st percentile

    District Context — RM1

    RM1 covers Romford and surrounding areas in East London, positioned in the east of the capital. It is a diverse, mixed-tenure neighbourhood with strong demand from families and commuters seeking affordable space within reach of London.

    Average Property Price - RM1

    £442,446

    73

    National percentile

    Average Net Household Income - RM1

    £47,792

    83

    National percentile

    10-Year Annualised Price Growth - RM1

    4.2%

    72

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM1

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