2, MERLIN ROAD, ROMFORD, RM5 3YA - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MERLIN ROAD is a very small extended detached house of 81m², built sometime between 1930 and 1949. It was last sold for £360,000 in November 2020, which was around 50% below the average November 2020 detached price in the Havering local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

2 MERLIN ROAD Sold Prices

Land registry data shows three sales for 2 MERLIN 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 2 MERLIN 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
2020 20 NOV	£360,000	£715,942	50% below HPI
2007 26 JUL	£265,000	£427,348	38% below HPI
2006 25 AUG	£200,000	£386,020	48% below HPI

2 MERLIN 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 2 MERLIN ROAD sales between August 2006 and November 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 July 2007 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2020 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 2 MERLIN ROAD?

2 MERLIN ROAD is 81m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 2 MERLIN ROAD lies on this distribution: 8% of detached houses are smaller than 2 MERLIN ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in London.

2 MERLIN ROAD: Plot and Title Map

2 MERLIN ROAD sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 2 MERLIN 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 MERLIN 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 MERLIN ROAD?

2 MERLIN ROAD is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 2 on MERLIN ROAD.