23, FREEMAN WAY, HORNCHURCH, RM11 3PH - £2,550,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

23 FREEMAN WAY is a very large extended detached house of 493m², built sometime between 2003 and 2006, which could now be worth an estimated £2,541,256. It was last sold for £2,550,000 in May 2023, which was around 220% above the average May 2023 detached price in the Havering local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was B.

23 FREEMAN WAY Sold Prices

Land registry data shows two sales for 23 FREEMAN WAY 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 23 FREEMAN WAY 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
2023 31 MAY	£2,550,000	£797,929	220% above HPI
2010 31 MAR	£1,525,000	£399,993	281% above HPI

23 FREEMAN WAY 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 23 FREEMAN WAY sales from March 2010 and May 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 March 2010 sale was for 281% above the HPI. So the extrapolation line tracks at 281% above the HPI over time, until the May 2023 sale, where it falls to 220% above the HPI. The line then continues to track at 220% above the HPI.

What might 23 FREEMAN WAY be worth now?

23 FREEMAN WAY might now be worth an estimated £2,541,256.

This is based on house price deflation of 0.3%, between May 2023 and December 2024, 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 0.3% deflationary decrease is applied to the most recent sale price for 23 FREEMAN WAY of £2,550,000 on 31st May 2023. For the value to have decreased from £2,550,000 to £2,541,256 over the five months to December 2024, the following assumptions must hold true:

• The value of 23 FREEMAN WAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The May 2023 sale price of £2,550,000 represented a fair market value for the property.
• The size, condition, and specification of 23 FREEMAN WAY has not materially changed since May 2023.

How Large is 23 FREEMAN WAY?

23 FREEMAN WAY is 493m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 10% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 23 FREEMAN WAY lies on this distribution: 98% of detached houses houses are smaller than 23 FREEMAN WAY, and 2% of houses are larger. Note that EPC data is not available for all properties in London.

23 FREEMAN WAY: Plot and Title Map

23 FREEMAN WAY sits on a plot of roughly 0.247 of an acre, or 1,001m². The below map shows the location of 23 FREEMAN WAY, 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 23 FREEMAN WAY). 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 23 FREEMAN WAY?

23 FREEMAN WAY is located in HORNCHURCH, in the RM11 postcode district. The below map shows the position of No. 23 on FREEMAN WAY.