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

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 THE ELKINS is a midsized extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £425,000 in November 2014, which was around 18% 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	£518,213	18% below HPI
2006 1 DEC	£355,000	£391,117	9% 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 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the November 2014 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

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 in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 2 THE ELKINS lies on this distribution: 50% of detached 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.