7 Scholars Way

    7, SCHOLARS WAY, ROMFORD, RM2 5US

    This terraced freehold property on Scholars Way last sold in January 2021 for £500,000. Based on price growth in the RM2 district since then, its estimated current value is £626,138 — placing it in the 87th percentile nationally and the 62nd percentile within RM2. The property covers 108 m² (1,163 sq ft), giving an estimated value of £5,798 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,163 sq ft

    108 m²

    Last Sale Price

    £500,000

    Jan 2021

    Estimated Valuation

    £626,138

    Est. £/sq ft

    £539/sq ft

    £5,798/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,163 sq ft (108 m²)
    EPC dateAug 2012
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Jan 2021

    £500,000

    26 Sept 2016

    £500,000

    28 Mar 2013

    £335,000

    19 Jun 2008

    £335,000

    1 Jun 2004

    New build

    £304,950

    Key Metrics

    Estimated valuation£626,138
    Value per sq ft / m²£539/sq ft (£5,798/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM2 district percentile62nd percentile
    National percentile87th 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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