55, LAKE RISE, ROMFORD, RM1 4DZ - £930,000

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

55 LAKE RISE is a very large extended detached house of 301m², built sometime between 1900 and 1929. It was last sold for £930,000 in February 2018, which was around 35% above the average February 2018 detached price in the Havering local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was D.

55 LAKE RISE Sold Prices

Land registry data shows two sales for 55 LAKE RISE 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 55 LAKE RISE 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
2018 13 FEB	£930,000	£688,922	35% above HPI
2001 10 JAN	£240,000	£231,632	4% above HPI

55 LAKE RISE 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 55 LAKE RISE sales from January 2001 and February 2018 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 2001 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2018 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 55 LAKE RISE?

55 LAKE RISE is 301m², which includes four extensions, according to the EPC inspection conducted in February 2017. This puts it in the largest 10% of detached houses in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 55 LAKE RISE lies on this distribution: 98% of detached houses are smaller than 55 LAKE RISE, and 2% of houses are larger. Note that EPC data is not available for all properties in Romford.

55 LAKE RISE: Plot and Title Map

55 LAKE RISE sits on a plot of roughly 0.131 of an acre, or 528m². The below map shows the location of 55 LAKE RISE, 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 55 LAKE RISE). 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 55 LAKE RISE?

55 LAKE RISE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 55 on LAKE RISE.