15, SPENCER ROAD, RAINHAM, RM13 8HD - £477,000

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 SPENCER ROAD is a small extended detached house of 113m², built sometime between 1950 and 1966. It was last sold for £477,000 in September 2021, which was around 36% below the average September 2021 detached price in the Havering local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

15 SPENCER ROAD Sold Prices

Land registry data shows two sales for 15 SPENCER 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 SPENCER 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
2021 30 SEP	£477,000	£740,103	36% below HPI
2007 18 JUL	£240,000	£427,348	44% below HPI

15 SPENCER 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 SPENCER ROAD sales from July 2007 and September 2021 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 July 2007 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the September 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 15 SPENCER ROAD?

15 SPENCER ROAD is 113m², which includes one extension, according to the EPC inspection conducted in April 2021. This puts it in the smallest 30% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 15 SPENCER ROAD lies on this distribution: 29% of detached houses are smaller than 15 SPENCER ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in London.

15 SPENCER ROAD: Plot and Title Map

15 SPENCER ROAD sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 15 SPENCER 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 SPENCER 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 SPENCER ROAD?

15 SPENCER ROAD is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 15 on SPENCER ROAD.