5, CREASEY CLOSE, HORNCHURCH, RM11 1FE - £475,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 CREASEY CLOSE is a very small detached house of 82m², built sometime between 1991 and 1995, which could now be worth an estimated £550,966. It was last sold for £475,000 in October 2017, which was around 31% below the average October 2017 detached price in the Havering local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

5 CREASEY CLOSE Sold Prices

Land registry data shows two sales for 5 CREASEY 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 5 CREASEY 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
2017 26 OCT	£475,000	£685,554	31% below HPI
1996 28 JUN	£107,000	£130,211	18% below HPI

5 CREASEY 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 5 CREASEY CLOSE sales from June 1996 and October 2017 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 1996 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2017 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 5 CREASEY CLOSE be worth now?

5 CREASEY CLOSE might now be worth an estimated £550,966.

This is based on house price inflation of 16%, between October 2017 and December 2024, for detached houses, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16% inflationary increase is applied to the most recent sale price for 5 CREASEY CLOSE of £475,000 on 26th October 2017. For the value to have increased from £475,000 to £550,966 over the six years and ten months to December 2024, the following assumptions must hold true:

• The value of 5 CREASEY CLOSE has moved in line with the HPI for detached houses in the Havering local authority area.
• The October 2017 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CREASEY CLOSE has not materially changed since October 2017.

How Large is 5 CREASEY CLOSE?

5 CREASEY CLOSE is 82m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% of detached houses houses in Hornchurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hornchurch, and where 5 CREASEY CLOSE lies on this distribution: 16% of detached houses houses are smaller than 5 CREASEY CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Hornchurch.

5 CREASEY CLOSE: Plot and Title Map

5 CREASEY CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 5 CREASEY 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 5 CREASEY 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 5 CREASEY CLOSE?

5 CREASEY CLOSE is located in HORNCHURCH, in the RM11 postcode district. The below map shows the position of No. 5 on CREASEY CLOSE.