2, ESSEX CLOSE, ROMFORD, RM7 8BD - £410,000

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

2 ESSEX CLOSE is a very small detached house of 89m², built sometime between 1967 and 1975. It was last sold for £410,000 in October 2020, which was around 42% below the average October 2020 detached price in the Havering local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

2 ESSEX CLOSE Sold Prices

Land registry data shows two sales for 2 ESSEX CLOSE 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 ESSEX CLOSE 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
2020 30 OCT	£410,000	£709,728	42% below HPI
2013 18 FEB	£249,995	£417,818	40% below HPI

2 ESSEX CLOSE 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 ESSEX CLOSE sales from February 2013 and October 2020 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 2013 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2020 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 2 ESSEX CLOSE?

2 ESSEX CLOSE is 89m² according to the EPC inspection conducted in March 2020. 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 2 ESSEX CLOSE lies on this distribution: 19% of detached houses are smaller than 2 ESSEX CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Romford.

2 ESSEX CLOSE: Plot and Title Map

2 ESSEX CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 2 ESSEX CLOSE, 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 ESSEX CLOSE). 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 ESSEX CLOSE?

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