5, JAMES CLOSE, ROMFORD, RM2 5UD - £285,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 JAMES CLOSE is a small detached house of 102m², built sometime between 1976 and 1982. It was last sold for £285,000 in July 2009, which was around 23% below the average July 2009 detached price in the Havering local authority area. The most recent EPC inspection was December 2008, where the current energy rating was E, and the potential energy rating was C.

5 JAMES CLOSE Sold Prices

Land registry data shows two sales for 5 JAMES 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 JAMES 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
2009 17 JUL	£285,000	£371,509	23% below HPI
1995 6 APR	£110,000	£133,125	17% below HPI

5 JAMES 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 JAMES CLOSE sales from April 1995 and July 2009 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 1995 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2009 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 5 JAMES CLOSE?

5 JAMES CLOSE is 102m² according to the EPC inspection conducted in December 2008. This puts it in the smallest 40% of detached houses in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 5 JAMES CLOSE lies on this distribution: 31% of detached houses are smaller than 5 JAMES CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Romford.

5 JAMES CLOSE: Plot and Title Map

5 JAMES CLOSE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 5 JAMES 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 JAMES 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 JAMES CLOSE?

5 JAMES CLOSE is located in ROMFORD, in the RM2 postcode district. The below map shows the position of No. 5 on JAMES CLOSE.