24, BLACKSMITHS LANE, RAINHAM, RM13 7AD - £525,000

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

24 BLACKSMITHS LANE is a very small extended detached house of 97m², built sometime between 1930 and 1949. It was last sold for £525,000 in December 2021, which was around 31% below the average December 2021 detached price in the Havering local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

24 BLACKSMITHS LANE Sold Prices

Land registry data shows three sales for 24 BLACKSMITHS LANE 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 24 BLACKSMITHS LANE 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
2021 22 DEC	£525,000	£762,612	31% below HPI
2011 8 MAR	£285,000	£412,848	31% below HPI
2005 4 MAR	£277,700	£370,718	25% below HPI

24 BLACKSMITHS LANE 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 24 BLACKSMITHS LANE sales between March 2005 and December 2021 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 2011 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2021 sale, which was also at 31% below the HPI.

How Large is 24 BLACKSMITHS LANE?

24 BLACKSMITHS LANE is 97m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 24 BLACKSMITHS LANE lies on this distribution: 18% of detached houses are smaller than 24 BLACKSMITHS LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in London.

24 BLACKSMITHS LANE: Plot and Title Map

24 BLACKSMITHS LANE sits on a plot of roughly 0.178 of an acre, or 720m². The below map shows the location of 24 BLACKSMITHS LANE, 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 24 BLACKSMITHS LANE). 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 24 BLACKSMITHS LANE?

24 BLACKSMITHS LANE is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 24 on BLACKSMITHS LANE.