2, THE ELKINS, ROMFORD, RM1 4HT - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 THE ELKINS is a midsized extended detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £679,587. It was last sold for £425,000 in November 2014, which was around 17% below the average November 2014 detached price in the Havering local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

2 THE ELKINS Sold Prices

Land registry data shows two sales for 2 THE ELKINS 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 THE ELKINS 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 7 NOV	£425,000	£512,755	17% below HPI
2006 1 DEC	£355,000	£386,997	8% below HPI

2 THE ELKINS 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 THE ELKINS sales from December 2006 and November 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 December 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2014 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 THE ELKINS be worth now?

2 THE ELKINS might now be worth an estimated £679,587.

This is based on house price inflation of 59.9%, between November 2014 and February 2025, for detached houses, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.9% inflationary increase is applied to the most recent sale price for 2 THE ELKINS of £425,000 on 7th November 2014. For the value to have increased from £425,000 to £679,587 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 THE ELKINS has moved in line with the HPI for detached houses in the Havering local authority area.
• The November 2014 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE ELKINS has not materially changed since November 2014.

How Large is 2 THE ELKINS?

2 THE ELKINS is 122m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 50% of detached houses houses in Romford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romford, and where 2 THE ELKINS lies on this distribution: 50% of detached houses houses are smaller than 2 THE ELKINS, and 49% of houses are larger. Note that EPC data is not available for all properties in Romford.

2 THE ELKINS: Plot and Title Map

2 THE ELKINS sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 2 THE ELKINS, 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 THE ELKINS). 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 THE ELKINS?

2 THE ELKINS is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 2 on THE ELKINS.