284, LODGE LANE, ROMFORD, RM5 2EX - £575,000

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

284 LODGE LANE is a large extended detached house of 215m², built sometime between 1950 and 1966. It was last sold for £575,000 in May 2021, which was around 20% below the average May 2021 detached price in the Havering local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was D.

284 LODGE LANE Sold Prices

Land registry data shows four sales for 284 LODGE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Havering local authority area for the corresponding sale date. All of the four 284 LODGE 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 14 MAY	£575,000	£716,373	20% below HPI
2014 11 JUN	£400,000	£484,466	17% below HPI
2001 19 JAN	£225,000	£231,632	3% below HPI
1995 21 APR	£118,000	£133,125	11% below HPI

284 LODGE 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 four 284 LODGE LANE sales between April 1995 and May 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 June 2014 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 284 LODGE LANE?

284 LODGE LANE is 215m², which includes one extension, according to the EPC inspection conducted in May 2013. 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 284 LODGE LANE lies on this distribution: 79% of detached houses are smaller than 284 LODGE LANE, and 21% of houses are larger. Note that EPC data is not available for all properties in London.

284 LODGE LANE: Plot and Title Map

284 LODGE LANE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 284 LODGE 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 284 LODGE 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 284 LODGE LANE?

284 LODGE LANE is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 284 on LODGE LANE.