38, NELMES WAY, HORNCHURCH, RM11 2QZ - £1,250,000

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

38 NELMES WAY is a very large detached house of 304m², built sometime between 1930 and 1949. It was last sold for £1,250,000 in January 2018, which was around 82% above the average January 2018 detached price in the Havering local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

38 NELMES WAY Sold Prices

Land registry data shows three sales for 38 NELMES WAY 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 38 NELMES WAY 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
2018 19 JAN	£1,250,000	£685,057	82% above HPI
2012 23 MAR	£850,000	£416,439	104% above HPI
2003 12 DEC	£702,500	£346,214	103% above HPI

38 NELMES WAY 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 38 NELMES WAY sales between December 2003 and January 2018 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 March 2012 sale was for 104% above the HPI. So the extrapolation line tracks at 104% above the HPI over time, until the January 2018 sale, where it falls to 82% above the HPI. The line then continues to track at 82% above the HPI.

How Large is 38 NELMES WAY?

38 NELMES WAY is 304m² according to the EPC inspection conducted in October 2011. 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 38 NELMES WAY lies on this distribution: 92% of detached houses are smaller than 38 NELMES WAY, and 8% of houses are larger. Note that EPC data is not available for all properties in London.

38 NELMES WAY: Plot and Title Map

38 NELMES WAY sits on a plot of roughly 0.323 of an acre, or 1,306m². The below map shows the location of 38 NELMES WAY, 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 38 NELMES WAY). 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 38 NELMES WAY?

38 NELMES WAY is located in HORNCHURCH, in the RM11 postcode district. The below map shows the position of No. 38 on NELMES WAY.