2, THE LOMBARDS, HORNCHURCH, RM11 3LF - £1,050,000

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 LOMBARDS is a large detached house of 192m², built sometime between 1983 and 1990. It was last sold for £1,050,000 in July 2018, which was around 48% above the average July 2018 detached price in the Havering local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

2 THE LOMBARDS Sold Prices

Land registry data shows three sales for 2 THE LOMBARDS 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 THE LOMBARDS sales were for above 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
2018 25 JUL	£1,050,000	£708,815	48% above HPI
2015 17 NOV	£825,000	£590,180	40% above HPI
1996 14 NOV	£300,000	£137,816	118% above HPI

2 THE LOMBARDS 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 THE LOMBARDS sales between November 1996 and July 2018 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 November 2015 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the July 2018 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 2 THE LOMBARDS?

2 THE LOMBARDS is 192m² according to the EPC inspection conducted in May 2015. This puts it in the largest 30% 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 THE LOMBARDS lies on this distribution: 72% of detached houses are smaller than 2 THE LOMBARDS, and 27% of houses are larger. Note that EPC data is not available for all properties in London.

2 THE LOMBARDS: Plot and Title Map

2 THE LOMBARDS sits on a plot of roughly 0.192 of an acre, or 777m². The below map shows the location of 2 THE LOMBARDS, 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 LOMBARDS). 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 LOMBARDS?

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