5 Scholars Way

    5, SCHOLARS WAY, ROMFORD, RM2 5US

    This terraced freehold property on Scholars Way last sold in February 2023 for £463,000. Based on price growth in the RM2 district since then, its estimated current value is £516,521 — placing it in the 80th percentile nationally and the 43rd percentile within RM2. The property covers 72 m² (775 sq ft), giving an estimated value of £7,174 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    775 sq ft

    72 m²

    Last Sale Price

    £463,000

    Feb 2023

    Estimated Valuation

    £516,521

    Est. £/sq ft

    £666/sq ft

    £7,174/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area775 sq ft (72 m²)
    EPC dateMay 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    20 Feb 2023

    £463,000

    10 Dec 2010

    £270,000

    16 Jun 2006

    £285,000

    2 Jul 2004

    New build

    £268,950

    Key Metrics

    Estimated valuation£516,521
    Value per sq ft / m²£666/sq ft (£7,174/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM2 district percentile43rd percentile
    National percentile80th percentile

    District Context — RM2

    RM2 covers parts of east London, including areas around Hornchurch and Upminster in the London Borough of Havering. The district is characterised by suburban residential neighbourhoods with good transport links and a family-oriented appeal.

    Average Property Price - RM2

    £554,481

    86

    National percentile

    Average Net Household Income - RM2

    £52,919

    93

    National percentile

    10-Year Annualised Price Growth - RM2

    3.4%

    41

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM2

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