55a Farnes Drive

    55A, FARNES DRIVE, ROMFORD, RM2 6NT

    This detached freehold property on Farnes Drive last sold in March 2023 for £550,000. Based on price growth in the RM2 district since then, its estimated current value is £558,270 — placing it in the 83rd percentile nationally and the 50th percentile within RM2. The property covers 109 m² (1,173 sq ft), giving an estimated value of £5,122 per m². The EPC rating is B, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,173 sq ft

    109 m²

    Last Sale Price

    £550,000

    Mar 2023

    Estimated Valuation

    £558,270

    Est. £/sq ft

    £476/sq ft

    £5,122/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction age2022
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area1,173 sq ft (109 m²)
    EPC dateAug 2022
    WallsAverage thermal transmittance 0.22 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    7 Mar 2023

    £550,000

    30 Jun 2021

    £400,000

    Key Metrics

    Estimated valuation£558,270
    Value per sq ft / m²£476/sq ft (£5,122/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM2 district percentile50th percentile
    National percentile83rd 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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