45, SPENCER ROAD, RAINHAM, RM13 8HD - £400,000

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

45 SPENCER ROAD is a very small extended detached house of 90m², built sometime between 1930 and 1949. It was last sold for £400,000 in December 2015, which was around 33% below the average December 2015 detached price in the Havering local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was C.

45 SPENCER ROAD Sold Prices

Land registry data shows two sales for 45 SPENCER ROAD 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 45 SPENCER 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
2015 18 DEC	£400,000	£596,622	33% below HPI
2002 19 APR	£127,000	£269,104	53% below HPI

45 SPENCER 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 two 45 SPENCER ROAD sales from April 2002 and December 2015 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 April 2002 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the December 2015 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 45 SPENCER ROAD?

45 SPENCER ROAD is 90m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 45 SPENCER ROAD lies on this distribution: 13% of detached houses are smaller than 45 SPENCER ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in London.

45 SPENCER ROAD: Plot and Title Map

45 SPENCER ROAD sits on a plot of roughly 0.185 of an acre, or 747m². The below map shows the location of 45 SPENCER 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 45 SPENCER 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 45 SPENCER ROAD?

45 SPENCER ROAD is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 45 on SPENCER ROAD.