1, MEAD CLOSE, ROMFORD, RM2 5NX - £780,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MEAD CLOSE is a midsized extended detached house of 153m², built sometime between 1950 and 1966. It was last sold for £780,000 in February 2024, which was around 1% below the average February 2024 detached price in the Havering local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

1 MEAD CLOSE Sold Prices

Land registry data shows two sales for 1 MEAD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havering local authority area for the corresponding sale date. One of the two 1 MEAD CLOSE sales was for below the average price, whilst the other was 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
2024 13 FEB	£780,000	£785,893	1% below HPI
2000 17 MAR	£300,000	£208,115	44% above HPI

1 MEAD CLOSE 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 two 1 MEAD CLOSE sales from March 2000 and February 2024 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 March 2000 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the February 2024 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 1 MEAD CLOSE?

1 MEAD CLOSE is 153m², which includes four extensions, according to the EPC inspection conducted in May 2023. This puts it in the largest 50% 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 MEAD CLOSE lies on this distribution: 55% of detached houses are smaller than 1 MEAD CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in London.

1 MEAD CLOSE: Plot and Title Map

1 MEAD CLOSE sits on a plot of roughly 0.216 of an acre, or 873m². The below map shows the location of 1 MEAD CLOSE, 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 MEAD CLOSE). 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 MEAD CLOSE?

1 MEAD CLOSE is located in ROMFORD, in the RM2 postcode district. The below map shows the position of No. 1 on MEAD CLOSE.