15, CROSS ROAD, MAWNEYS, ROMFORD, RM7 8AT - £428,000

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

15 CROSS ROAD is a very small detached house of 90m², built sometime between 1930 and 1949. It was last sold for £428,000 in July 2019, which was around 38% below the average July 2019 detached price in the Havering local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

15 CROSS ROAD Sold Prices

Land registry data shows two sales for 15 CROSS ROAD 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 15 CROSS ROAD 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
2019 22 JUL	£428,000	£695,878	38% below HPI
2003 31 JAN	£120,000	£331,586	64% below HPI

15 CROSS ROAD 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 15 CROSS ROAD sales from January 2003 and July 2019 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 January 2003 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the July 2019 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 15 CROSS ROAD?

15 CROSS ROAD is 90m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 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 15 CROSS ROAD lies on this distribution: 20% of detached houses are smaller than 15 CROSS ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Romford.

15 CROSS ROAD: Plot and Title Map

15 CROSS ROAD sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 15 CROSS ROAD, 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 15 CROSS ROAD). 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 15 CROSS ROAD?

15 CROSS ROAD is located in MAWNEYS, in the RM7 postcode district. The below map shows the position of No. 15 on CROSS ROAD.