3, RUSSETTS, HORNCHURCH, RM11 2RX - £1,575,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 RUSSETTS is a very large extended detached house of 419m², built sometime between 1991 and 1995, which could now be worth an estimated £1,693,371. It was last sold for £1,575,000 in February 2022, which was around 107% above the average February 2022 detached price in the Havering local authority area. The most recent EPC inspection was May 2023, where the current energy rating was B, and the potential energy rating was B.

3 RUSSETTS Sold Prices

Land registry data shows four sales for 3 RUSSETTS 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 3 RUSSETTS 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
2022 24 FEB	£1,575,000	£762,596	107% above HPI
2020 24 JUN	£825,000	£703,505	17% above HPI
2002 4 SEP	£482,500	£305,363	58% above HPI
1995 16 JUN	£207,000	£130,090	59% above HPI

3 RUSSETTS 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 3 RUSSETTS sales between June 1995 and February 2022 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 2020 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2022 sale, where it rises to 107% above the HPI. The line then continues to track at 107% above the HPI.

What might 3 RUSSETTS be worth now?

3 RUSSETTS might now be worth an estimated £1,693,371.

This is based on house price inflation of 7.5%, between February 2022 and February 2025, 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 7.5% inflationary increase is applied to the most recent sale price for 3 RUSSETTS of £1,575,000 on 24th February 2022. For the value to have increased from £1,575,000 to £1,693,371 over the three years to February 2025, the following assumptions must hold true:

• The value of 3 RUSSETTS has moved in line with the HPI for detached houses in the Havering local authority area.
• The February 2022 sale price of £1,575,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RUSSETTS has not materially changed since February 2022.

How Large is 3 RUSSETTS?

3 RUSSETTS is 419m², which includes three extensions, according to the EPC inspection conducted in May 2023. 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 3 RUSSETTS lies on this distribution: 97% of detached houses houses are smaller than 3 RUSSETTS, and 3% of houses are larger. Note that EPC data is not available for all properties in London.

3 RUSSETTS: Plot and Title Map

3 RUSSETTS sits on a plot of roughly 0.162 of an acre, or 657m². The below map shows the location of 3 RUSSETTS, 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 RUSSETTS). 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 RUSSETTS?

3 RUSSETTS is located in HORNCHURCH, in the RM11 postcode district. The below map shows the position of No. 3 on RUSSETTS.