65, LAKE RISE, ROMFORD, RM1 4EF - £525,000

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

65 LAKE RISE is a very small extended detached house of 80m², built sometime between 1930 and 1949. It was last sold for £525,000 in December 2023, which was around 33% below the average December 2023 detached price in the Havering local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

65 LAKE RISE Sold Prices

Land registry data shows three sales for 65 LAKE RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Havering local authority area for the corresponding sale date. Two of the three 65 LAKE RISE sales were for below the average price, whilst one was 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
2023 20 DEC	£525,000	£789,286	33% below HPI
2004 21 MAY	£333,000	£356,377	7% below HPI
1997 15 OCT	£163,000	£157,390	4% above HPI

65 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 three 65 LAKE RISE sales between October 1997 and December 2023 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 May 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2023 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 65 LAKE RISE?

65 LAKE RISE is 80m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 65 LAKE RISE lies on this distribution: 11% of detached houses are smaller than 65 LAKE RISE, and 89% of houses are larger. Note that EPC data is not available for all properties in Romford.

65 LAKE RISE: Plot and Title Map

65 LAKE RISE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 65 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 65 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 65 LAKE RISE?

65 LAKE RISE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 65 on LAKE RISE.