5, NEW FARM DRIVE, ABRIDGE, ROMFORD, RM4 1BS - £650,000

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 NEW FARM DRIVE is a very small semi-detached house of 72m², built sometime between 1930 and 1949. It was last sold for £650,000 in December 2021, which was around 31% below the average December 2021 detached price in the Epping Forest local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

5 NEW FARM DRIVE Sold Prices

Land registry data shows three sales for 5 NEW FARM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. All of the three 5 NEW FARM DRIVE 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
2021 22 DEC	£650,000	£942,011	31% below HPI
2015 22 DEC	£440,000	£769,133	43% below HPI
2008 19 JUN	£330,000	£568,272	42% below HPI

5 NEW FARM DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Epping Forest local authority area over time, sourced from the HPI. The three 5 NEW FARM DRIVE sales between June 2008 and December 2021 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 December 2015 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 5 NEW FARM DRIVE?

5 NEW FARM DRIVE is 72m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Abridge, based on EPC data. The below chart shows the distribution of detached houses by size in Abridge, and where 5 NEW FARM DRIVE lies on this distribution: 7% of detached houses are smaller than 5 NEW FARM DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Abridge.

5 NEW FARM DRIVE: Plot and Title Map

5 NEW FARM DRIVE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 5 NEW FARM DRIVE, 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 NEW FARM DRIVE). 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 NEW FARM DRIVE?

5 NEW FARM DRIVE is located in ABRIDGE, in the RM4 postcode district. The below map shows the position of No. 5 on NEW FARM DRIVE.