4, PROSPECT ROAD, HORNCHURCH, RM11 3TZ - £360,000

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

4 PROSPECT ROAD is a very small extended detached house of 71m², built sometime between 1967 and 1975. It was last sold for £360,000 in August 2021, which was around 50% below the average August 2021 detached price in the Havering local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

4 PROSPECT ROAD Sold Prices

Land registry data shows three sales for 4 PROSPECT ROAD 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 4 PROSPECT ROAD 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
2021 12 AUG	£360,000	£723,292	50% below HPI
2015 12 JUN	£330,000	£537,239	39% below HPI
2012 23 JUL	£235,000	£419,963	44% below HPI

4 PROSPECT ROAD 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 4 PROSPECT ROAD sales between July 2012 and August 2021 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 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2021 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 4 PROSPECT ROAD?

4 PROSPECT ROAD is 71m², which includes two extensions, according to the EPC inspection conducted in June 2016. This puts it in the smallest 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 4 PROSPECT ROAD lies on this distribution: 4% of detached houses are smaller than 4 PROSPECT ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in London.

4 PROSPECT ROAD: Plot and Title Map

4 PROSPECT ROAD sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 4 PROSPECT ROAD, 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 4 PROSPECT ROAD). 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 4 PROSPECT ROAD?

4 PROSPECT ROAD is located in HORNCHURCH, in the RM11 postcode district. The below map shows the position of No. 4 on PROSPECT ROAD.