161, CHERRY TREE LANE, RAINHAM, RM13 8TU - £500,000

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

161 CHERRY TREE LANE is a small detached house of 120m², built in 2024. It was last sold for £500,000 in September 2022, which was around 38% below the average September 2022 detached price in the Havering local authority area. The most recent EPC inspection was June 2024, where the current energy rating was B, and the potential energy rating was B.

161 CHERRY TREE LANE Sold Prices

Land registry data shows two sales for 161 CHERRY TREE 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 161 CHERRY TREE 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
2022 28 SEP	£500,000	£810,448	38% below HPI
2020 18 DEC	£400,000	£725,145	45% below HPI

161 CHERRY TREE 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 161 CHERRY TREE LANE sales from December 2020 and September 2022 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 December 2020 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2022 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 161 CHERRY TREE LANE?

161 CHERRY TREE LANE is 120m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 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 161 CHERRY TREE LANE lies on this distribution: 34% of detached houses are smaller than 161 CHERRY TREE LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in London.

161 CHERRY TREE LANE: Plot and Title Map

161 CHERRY TREE LANE sits on a plot of roughly 0.183 of an acre, or 740m². The below map shows the location of 161 CHERRY TREE 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 161 CHERRY TREE 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 161 CHERRY TREE LANE?

161 CHERRY TREE LANE is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 161 on CHERRY TREE LANE.