114, LODGE LANE, ROMFORD, RM5 2ET - £500,000

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

114 LODGE LANE is a large extended detached house of 166m², built sometime between 1930 and 1949. It was last sold for £500,000 in March 2016, which was around 21% below the average March 2016 detached price in the Havering local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

114 LODGE LANE Sold Prices

Land registry data shows two sales for 114 LODGE LANE 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. Both of the two 114 LODGE LANE 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
2016 31 MAR	£500,000	£630,274	21% below HPI
2003 30 APR	£295,000	£342,346	14% below HPI

114 LODGE LANE 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 114 LODGE LANE sales from April 2003 and March 2016 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 April 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2016 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 114 LODGE LANE?

114 LODGE LANE is 166m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 114 LODGE LANE lies on this distribution: 62% of detached houses are smaller than 114 LODGE LANE, and 38% of houses are larger. Note that EPC data is not available for all properties in London.

114 LODGE LANE: Plot and Title Map

114 LODGE LANE sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of 114 LODGE LANE, 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 114 LODGE LANE). 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 114 LODGE LANE?

114 LODGE LANE is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 114 on LODGE LANE.