7, MONARCH CLOSE, RAINHAM, RM13 8SQ - £416,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 MONARCH CLOSE is a very small extended detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £483,728. It was last sold for £416,000 in August 2020, which was around 41% below the average August 2020 detached price in the Havering local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

7 MONARCH CLOSE Sold Prices

Land registry data shows two sales for 7 MONARCH 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 Havering local authority area for the corresponding sale date. Both of the two 7 MONARCH CLOSE 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
2020 28 AUG	£416,000	£705,113	41% below HPI
2000 24 JUL	£164,995	£219,255	25% below HPI

7 MONARCH CLOSE 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 7 MONARCH CLOSE sales from July 2000 and August 2020 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 2000 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2020 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 7 MONARCH CLOSE be worth now?

7 MONARCH CLOSE might now be worth an estimated £483,728.

This is based on house price inflation of 16.3%, between August 2020 and February 2025, for detached houses, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.3% inflationary increase is applied to the most recent sale price for 7 MONARCH CLOSE of £416,000 on 28th August 2020. For the value to have increased from £416,000 to £483,728 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 7 MONARCH CLOSE has moved in line with the HPI for detached houses in the Havering local authority area.
• The August 2020 sale price of £416,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MONARCH CLOSE has not materially changed since August 2020.

How Large is 7 MONARCH CLOSE?

7 MONARCH CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 7 MONARCH CLOSE lies on this distribution: 11% of detached houses houses are smaller than 7 MONARCH CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in London.

7 MONARCH CLOSE: Plot and Title Map

7 MONARCH CLOSE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 7 MONARCH 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 MONARCH 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 MONARCH CLOSE?

7 MONARCH CLOSE is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 7 on MONARCH CLOSE.