1, LAKE RISE, ROMFORD, RM1 4DZ - £975,000

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 LAKE RISE is a very large detached house of 185m², built sometime between 1930 and 1949. It was last sold for £975,000 in July 2022, which was around 23% above the average July 2022 detached price in the Havering local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

1 LAKE RISE Sold Prices

Land registry data shows six sales for 1 LAKE RISE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Havering local authority area for the corresponding sale date. Most of the six 1 LAKE RISE sales were for above 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 5 JUL	£975,000	£792,429	23% above HPI
2020 2 OCT	£500,000	£709,728	30% below HPI
2007 30 MAR	£495,000	£403,796	23% above HPI
2001 17 MAY	£285,000	£237,993	20% above HPI
1998 5 JUN	£208,950	£169,627	23% above HPI
1997 31 JAN	£138,000	£138,923	1% below HPI

1 LAKE RISE 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 six 1 LAKE RISE sales between January 1997 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 October 2020 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2022 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 1 LAKE RISE?

1 LAKE RISE is 185m² according to the EPC inspection conducted in January 2022. This puts it in the largest 20% of detached houses in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 1 LAKE RISE lies on this distribution: 86% of detached houses are smaller than 1 LAKE RISE, and 13% of houses are larger. Note that EPC data is not available for all properties in Romford.

1 LAKE RISE: Plot and Title Map

1 LAKE RISE sits on a plot of roughly 0.163 of an acre, or 659m². The below map shows the location of 1 LAKE RISE, 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 LAKE RISE). 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 LAKE RISE?

1 LAKE RISE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 1 on LAKE RISE.