121, PETTITS LANE, ROMFORD, RM1 4EJ - £725,000

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

121 PETTITS LANE is a very large detached house of 260m², built sometime from 2007 onwards. It was last sold for £725,000 in August 2013, which was around 70% above the average August 2013 detached price in the Havering local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

121 PETTITS LANE Sold Prices

Land registry data shows three sales for 121 PETTITS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Havering local authority area for the corresponding sale date. One of the three 121 PETTITS LANE sales was for above the average price, whilst two 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
2013 1 AUG	£725,000	£427,028	70% above HPI
2009 4 NOV	£250,000	£389,699	36% below HPI
1999 25 FEB	£140,000	£176,149	21% below HPI

121 PETTITS 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 three 121 PETTITS LANE sales between February 1999 and August 2013 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 November 2009 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2013 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 121 PETTITS LANE?

121 PETTITS LANE is 260m² according to the EPC inspection conducted in October 2012. This puts it in the largest 10% of detached houses in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 121 PETTITS LANE lies on this distribution: 97% of detached houses are smaller than 121 PETTITS LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Romford.

121 PETTITS LANE: Plot and Title Map

121 PETTITS LANE sits on a plot of roughly 0.148 of an acre, or 601m². The below map shows the location of 121 PETTITS 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 121 PETTITS 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 121 PETTITS LANE?

121 PETTITS LANE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 121 on PETTITS LANE.