7, HERMITAGE CLOSE, LONDON, E18 2BW - £1,350,000

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

7 HERMITAGE CLOSE is a large detached house of 169m², built sometime between 1930 and 1949. It was last sold for £1,350,000 in July 2023, which was around 40% above the average July 2023 detached price in the Redbridge local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was D.

7 HERMITAGE CLOSE Sold Prices

Land registry data shows two sales for 7 HERMITAGE 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 Redbridge local authority area for the corresponding sale date. Both of the two 7 HERMITAGE 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
2023 18 JUL	£1,350,000	£960,989	40% above HPI
2001 19 JUL	£315,000	£308,965	2% above HPI

7 HERMITAGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The two 7 HERMITAGE CLOSE sales from July 2001 and July 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 July 2001 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the July 2023 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 7 HERMITAGE CLOSE?

7 HERMITAGE CLOSE is 169m² according to the EPC inspection conducted in November 2022. This puts it in the largest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 7 HERMITAGE CLOSE lies on this distribution: 63% of detached houses are smaller than 7 HERMITAGE CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in London.

7 HERMITAGE CLOSE: Plot and Title Map

7 HERMITAGE CLOSE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 7 HERMITAGE 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 7 HERMITAGE 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 7 HERMITAGE CLOSE?

7 HERMITAGE CLOSE is located in LONDON, in the E18 postcode district. The below map shows the position of No. 7 on HERMITAGE CLOSE.