2, VIRGINIA CLOSE, ROMFORD, RM5 3TE - £320,000

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 VIRGINIA CLOSE is a small detached house of 116m², built sometime between 1996 and 2002. It was last sold for £320,000 in January 2013, which was around 23% below the average January 2013 detached price in the Havering local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 VIRGINIA CLOSE Sold Prices

Land registry data shows two sales for 2 VIRGINIA CLOSE 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 VIRGINIA 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
2013 25 JAN	£320,000	£417,262	23% below HPI
1996 30 AUG	£132,500	£135,591	2% below HPI

2 VIRGINIA 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 two 2 VIRGINIA CLOSE sales from August 1996 and January 2013 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 August 1996 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the January 2013 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 VIRGINIA CLOSE?

2 VIRGINIA CLOSE is 116m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 40% 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 VIRGINIA CLOSE lies on this distribution: 31% of detached houses are smaller than 2 VIRGINIA CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in London.

2 VIRGINIA CLOSE: Plot and Title Map

2 VIRGINIA CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 2 VIRGINIA 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 VIRGINIA 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 VIRGINIA CLOSE?

2 VIRGINIA CLOSE is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 2 on VIRGINIA CLOSE.