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

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

3 RUSSETTS is a very large extended detached house of 419m², built sometime between 1991 and 1995. It was last sold for £1,575,000 in February 2022, which was around 104% 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	£770,714	104% above HPI
2020 24 JUN	£825,000	£710,993	16% above HPI
2002 4 SEP	£482,500	£308,613	56% above HPI
1995 16 JUN	£207,000	£131,474	57% 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 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the February 2022 sale, where it rises to 104% above the HPI. The line then continues to track at 104% above the HPI.

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 in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 3 RUSSETTS lies on this distribution: 97% of detached 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.