2, ESSEX ROAD, ROMFORD, RM7 8BE - £215,000

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 ROAD is a very small extended detached house of 59m², built sometime between 1950 and 1966. It was last sold for £215,000 in February 2014, which was around 53% below the average February 2014 detached price in the Havering local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

2 ESSEX ROAD Sold Prices

Land registry data shows four sales for 2 ESSEX ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Havering local authority area for the corresponding sale date. All of the four 2 ESSEX 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
2014 6 FEB	£215,000	£456,863	53% below HPI
2004 16 JUN	£185,000	£356,276	48% below HPI
2002 20 SEP	£166,500	£308,613	46% below HPI
1995 28 APR	£48,000	£133,125	64% below HPI

2 ESSEX 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 four 2 ESSEX ROAD sales between April 1995 and February 2014 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 June 2004 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the February 2014 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 2 ESSEX ROAD?

2 ESSEX ROAD is 59m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% 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 ROAD lies on this distribution: 1% of detached houses are smaller than 2 ESSEX ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Romford.

2 ESSEX ROAD: Plot and Title Map

2 ESSEX ROAD sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 2 ESSEX 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 2 ESSEX 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 2 ESSEX ROAD?

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