18, SPENCER ROAD, RAINHAM, RM13 8HB - £600,000

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

18 SPENCER ROAD is a midsized extended detached house of 132m², built sometime between 1930 and 1949. It was last sold for £600,000 in January 2023, which was around 27% below the average January 2023 detached price in the Havering local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

18 SPENCER ROAD Sold Prices

Land registry data shows three sales for 18 SPENCER ROAD 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. All of the three 18 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
2023 9 JAN	£600,000	£825,970	27% below HPI
2014 4 JUL	£336,000	£490,753	32% below HPI
2003 19 SEP	£250,000	£346,643	28% below HPI

18 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 three 18 SPENCER ROAD sales between September 2003 and January 2023 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 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 18 SPENCER ROAD?

18 SPENCER ROAD is 132m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 18 SPENCER ROAD lies on this distribution: 42% of detached houses are smaller than 18 SPENCER ROAD, and 57% of houses are larger. Note that EPC data is not available for all properties in London.

18 SPENCER ROAD: Plot and Title Map

18 SPENCER ROAD sits on a plot of roughly 0.174 of an acre, or 705m². The below map shows the location of 18 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 18 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 18 SPENCER ROAD?

18 SPENCER ROAD is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 18 on SPENCER ROAD.