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

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 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 22% 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	£367,596	22% below HPI
1995 6 APR	£110,000	£131,723	16% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2009 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 5 JAMES CLOSE be worth now?

5 JAMES CLOSE might now be worth an estimated £616,519.

This is based on house price inflation of 116.3%, between July 2009 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 116.3% inflationary increase is applied to the most recent sale price for 5 JAMES CLOSE of £285,000 on 17th July 2009. For the value to have increased from £285,000 to £616,519 over the fourteen years and seven months to December 2024, the following assumptions must hold true:

• The value of 5 JAMES CLOSE has moved in line with the HPI for detached houses in the Havering local authority area.
• The July 2009 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 5 JAMES CLOSE has not materially changed since July 2009.

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 houses in Romford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romford, and where 5 JAMES CLOSE lies on this distribution: 31% of detached houses 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.