2 Banner Lane

    2, BANNER LANE, DAGENHAM, RM8 1EN

    This terraced freehold property on Banner Lane last sold in May 2015 for £275,000. Based on price growth in the RM8 district since then, its estimated current value is £413,549 — placing it in the 69th percentile nationally and the 70th percentile within RM8. The property covers 90 m² (969 sq ft), giving an estimated value of £4,595 per m². The EPC rating is B, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    969 sq ft

    90 m²

    Last Sale Price

    £275,000

    May 2015

    Estimated Valuation

    £413,549

    Est. £/sq ft

    £427/sq ft

    £4,595/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction age2015
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialB
    Floor area969 sq ft (90 m²)
    EPC dateApr 2015
    WallsAverage thermal transmittance 0.18 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 May 2015

    New build

    £275,000

    Key Metrics

    Estimated valuation£413,549
    Value per sq ft / m²£427/sq ft (£4,595/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM8 district percentile70th percentile
    National percentile69th percentile

    District Context — RM8

    RM8 covers parts of east London, sitting within the wider Romford postal area in the London Borough of Havering. It is a densely populated residential neighbourhood with strong family demographics and a significant private rental market.

    Average Property Price - RM8

    £369,513

    60

    National percentile

    Average Net Household Income - RM8

    £46,275

    79

    National percentile

    10-Year Annualised Price Growth - RM8

    4.2%

    72

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM8

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