2, PROSPECT ROAD, HORNCHURCH, RM11 3TZ - £505,000

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 PROSPECT ROAD is a very small extended detached house of 99m², built sometime between 1950 and 1966. It was last sold for £505,000 in November 2023, which was around 36% below the average November 2023 detached price in the Havering local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

2 PROSPECT ROAD Sold Prices

Land registry data shows two sales for 2 PROSPECT ROAD 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 PROSPECT 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
2023 29 NOV	£505,000	£792,713	36% below HPI
2020 7 SEP	£425,000	£708,939	40% below HPI

2 PROSPECT 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 two 2 PROSPECT ROAD sales from September 2020 and November 2023 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 2020 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2023 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 PROSPECT ROAD?

2 PROSPECT ROAD is 99m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% 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 PROSPECT ROAD lies on this distribution: 19% of detached houses are smaller than 2 PROSPECT ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in London.

2 PROSPECT ROAD: Plot and Title Map

2 PROSPECT ROAD sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 2 PROSPECT 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 PROSPECT 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 PROSPECT ROAD?

2 PROSPECT ROAD is located in HORNCHURCH, in the RM11 postcode district. The below map shows the position of No. 2 on PROSPECT ROAD.