3, GERNON CLOSE, RAINHAM, RM13 9RA - £265,000

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

3 GERNON CLOSE is a midsized extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £265,000 in April 2013, which was around 37% below the average April 2013 detached price in the Havering local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

3 GERNON CLOSE Sold Prices

Land registry data shows three sales for 3 GERNON CLOSE 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 3 GERNON 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 12 APR	£265,000	£423,787	37% below HPI
2011 21 APR	£300,000	£413,568	27% below HPI
2000 11 AUG	£137,000	£222,834	39% below HPI

3 GERNON 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 three 3 GERNON CLOSE sales between August 2000 and April 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 April 2011 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2013 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 3 GERNON CLOSE?

3 GERNON CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the largest 50% of detached houses in Rainham, based on EPC data. The below chart shows the distribution of detached houses by size in Rainham, and where 3 GERNON CLOSE lies on this distribution: 57% of detached houses are smaller than 3 GERNON CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Rainham.

3 GERNON CLOSE: Plot and Title Map

3 GERNON CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 3 GERNON 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 3 GERNON 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 3 GERNON CLOSE?

3 GERNON CLOSE is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 3 on GERNON CLOSE.