37, ESSEX CLOSE, ROMFORD, RM7 8BD - £390,000

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

37 ESSEX CLOSE is a very small extended detached house of 79m², built sometime between 1950 and 1966. It was last sold for £390,000 in October 2022, which was around 52% below the average October 2022 detached price in the Havering local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

37 ESSEX CLOSE Sold Prices

Land registry data shows two sales for 37 ESSEX CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havering local authority area for the corresponding sale date. Both of the two 37 ESSEX 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
2022 4 OCT	£390,000	£817,945	52% below HPI
2021 14 MAY	£355,000	£716,373	50% below HPI

37 ESSEX 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 two 37 ESSEX CLOSE sales from May 2021 and October 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 May 2021 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the October 2022 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 37 ESSEX CLOSE?

37 ESSEX CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of detached houses in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 37 ESSEX CLOSE lies on this distribution: 10% of detached houses are smaller than 37 ESSEX CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Romford.

37 ESSEX CLOSE: Plot and Title Map

37 ESSEX CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 37 ESSEX 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 37 ESSEX 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 37 ESSEX CLOSE?

37 ESSEX CLOSE is located in ROMFORD, in the RM7 postcode district. The below map shows the position of No. 37 on ESSEX CLOSE.