8 Wallace Way

    8, WALLACE WAY, ROMFORD, RM1 4TG

    This terraced freehold property on Wallace Way last sold in August 2023 for £505,000. Based on price growth in the RM1 district since then, its estimated current value is £495,163 — placing it in the 78th percentile nationally and the 60th percentile within RM1. The property covers 122 m² (1,313 sq ft), giving an estimated value of £4,059 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,313 sq ft

    122 m²

    Last Sale Price

    £505,000

    Aug 2023

    Estimated Valuation

    £495,163

    Est. £/sq ft

    £377/sq ft

    £4,059/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageJ
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,313 sq ft (122 m²)
    EPC dateAug 2020
    WallsTimber frame, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    1 Aug 2023

    £505,000

    15 Feb 2021

    £415,000

    27 Sept 2006

    £295,000

    29 Aug 2003

    New build

    £269,950

    Key Metrics

    Estimated valuation£495,163
    Value per sq ft / m²£377/sq ft (£4,059/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile60th percentile
    National percentile78th 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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