1, JARVIS WAY, HAROLD WOOD, ROMFORD, RM3 0WT - £485,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 JARVIS WAY is a very small extended detached house of 84m², built sometime between 1991 and 1995. It was last sold for £485,000 in July 2022, which was around 39% below the average July 2022 detached price in the Havering local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

1 JARVIS WAY Sold Prices

Land registry data shows five sales for 1 JARVIS WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Havering local authority area for the corresponding sale date. All of the five 1 JARVIS WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 21 JUL	£485,000	£792,429	39% below HPI
2020 28 MAY	£450,000	£703,397	36% below HPI
2017 3 MAR	£390,000	£676,214	42% below HPI
2012 9 MAR	£240,000	£416,439	42% below HPI
2008 21 NOV	£190,000	£393,334	52% below HPI

1 JARVIS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havering local authority area over time, sourced from the HPI. The five 1 JARVIS WAY sales between November 2008 and July 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2020 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 1 JARVIS WAY?

1 JARVIS WAY is 84m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 1 JARVIS WAY lies on this distribution: 10% of detached houses are smaller than 1 JARVIS WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in London.

1 JARVIS WAY: Plot and Title Map

1 JARVIS WAY sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 1 JARVIS WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 JARVIS WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 JARVIS WAY?

1 JARVIS WAY is located in HAROLD WOOD, in the RM3 postcode district. The below map shows the position of No. 1 on JARVIS WAY.