2, CHERRY STREET, ROMFORD, RM7 7LL - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 CHERRY STREET is a very small extended detached house of 78m², built sometime between 1930 and 1949. It was last sold for £250,000 in August 2011, which was around 39% below the average August 2011 detached price in the Havering local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

2 CHERRY STREET Sold Prices

Land registry data shows two sales for 2 CHERRY STREET 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 2 CHERRY STREET 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
2011 8 AUG	£250,000	£409,274	39% below HPI
1995 17 FEB	£98,000	£132,373	26% below HPI

2 CHERRY STREET 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 2 CHERRY STREET sales from February 1995 and August 2011 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 February 1995 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2011 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 2 CHERRY STREET be worth now?

2 CHERRY STREET might now be worth an estimated £485,734.

This is based on house price inflation of 94.3%, between August 2011 and December 2024, for detached houses, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 94.3% inflationary increase is applied to the most recent sale price for 2 CHERRY STREET of £250,000 on 8th August 2011. For the value to have increased from £250,000 to £485,734 over the twelve years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 CHERRY STREET has moved in line with the HPI for detached houses in the Havering local authority area.
• The August 2011 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHERRY STREET has not materially changed since August 2011.

How Large is 2 CHERRY STREET?

2 CHERRY STREET is 78m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses houses in Romford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romford, and where 2 CHERRY STREET lies on this distribution: 9% of detached houses houses are smaller than 2 CHERRY STREET, and 91% of houses are larger. Note that EPC data is not available for all properties in Romford.

2 CHERRY STREET: Plot and Title Map

2 CHERRY STREET sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 2 CHERRY STREET, 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 2 CHERRY STREET). 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 2 CHERRY STREET?

2 CHERRY STREET is located in ROMFORD, in the RM7 postcode district. The below map shows the position of No. 2 on CHERRY STREET.