2, NEPTUNE CLOSE, RAINHAM, RM13 8SY - £325,000

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 NEPTUNE CLOSE is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £325,000 in February 2015, which was around 39% below the average February 2015 detached price in the Havering local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

2 NEPTUNE CLOSE Sold Prices

Land registry data shows three sales for 2 NEPTUNE CLOSE 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 NEPTUNE 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
2015 23 FEB	£325,000	£528,706	39% below HPI
2002 9 SEP	£190,000	£308,613	38% below HPI
2001 11 MAY	£176,995	£237,993	26% below HPI

2 NEPTUNE 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 three 2 NEPTUNE CLOSE sales between May 2001 and February 2015 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 September 2002 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2015 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 2 NEPTUNE CLOSE?

2 NEPTUNE CLOSE is 82m² according to the EPC inspection conducted in July 2014. 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 NEPTUNE CLOSE lies on this distribution: 9% of detached houses are smaller than 2 NEPTUNE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in London.

2 NEPTUNE CLOSE: Plot and Title Map

2 NEPTUNE CLOSE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 2 NEPTUNE 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 NEPTUNE 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 NEPTUNE CLOSE?

2 NEPTUNE CLOSE is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 2 on NEPTUNE CLOSE.