5, MEAD CLOSE, ROMFORD, RM2 5NX - £975,000

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

5 MEAD CLOSE is a large extended detached house of 203m², built sometime between 1950 and 1966. It was last sold for £975,000 in March 2017, which was around 44% above the average March 2017 detached price in the Havering local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

5 MEAD CLOSE Sold Prices

Land registry data shows two sales for 5 MEAD 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 MEAD CLOSE sales were for above 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 10 MAR	£975,000	£676,214	44% above HPI
1995 23 JAN	£197,000	£132,606	49% above HPI

5 MEAD 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 MEAD CLOSE sales from January 1995 and March 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 January 1995 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the March 2017 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 5 MEAD CLOSE?

5 MEAD CLOSE is 203m², which includes three extensions, according to the EPC inspection conducted in June 2015. This puts it in the largest 30% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 5 MEAD CLOSE lies on this distribution: 76% of detached houses are smaller than 5 MEAD CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in London.

5 MEAD CLOSE: Plot and Title Map

5 MEAD CLOSE sits on a plot of roughly 0.246 of an acre, or 997m². The below map shows the location of 5 MEAD 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 MEAD 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 MEAD CLOSE?

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