7, MERLIN ROAD, ROMFORD, RM5 3YA - £475,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 MERLIN ROAD is a small extended detached house of 104m², built sometime between 1930 and 1949. It was last sold for £475,000 in February 2018, which was around 31% below the average February 2018 detached price in the Havering local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

7 MERLIN ROAD Sold Prices

Land registry data shows three sales for 7 MERLIN ROAD 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. All of the three 7 MERLIN ROAD 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
2018 16 FEB	£475,000	£688,922	31% below HPI
1996 26 JUL	£104,000	£133,483	22% below HPI
1995 25 MAY	£59,995	£131,694	54% below HPI

7 MERLIN ROAD 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 7 MERLIN ROAD sales between May 1995 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 July 1996 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 MERLIN ROAD?

7 MERLIN ROAD is 104m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 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 7 MERLIN ROAD lies on this distribution: 22% of detached houses are smaller than 7 MERLIN ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in London.

7 MERLIN ROAD: Plot and Title Map

7 MERLIN ROAD sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 7 MERLIN ROAD, 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 MERLIN ROAD). 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 MERLIN ROAD?

7 MERLIN ROAD is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 7 on MERLIN ROAD.