7, VIRGINIA CLOSE, ROMFORD, RM5 3TE - £360,000

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 VIRGINIA CLOSE is a small detached house of 122m², built sometime between 1996 and 2002, which could now be worth an estimated £703,913. It was last sold for £360,000 in April 2013, which was around 14% below the average April 2013 detached price in the Havering local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

7 VIRGINIA CLOSE Sold Prices

Land registry data shows two sales for 7 VIRGINIA 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. One of the two 7 VIRGINIA CLOSE sales was for below the average price, whilst the other 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
2013 29 APR	£360,000	£419,324	14% below HPI
1996 11 OCT	£145,000	£137,416	6% above HPI

7 VIRGINIA 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 VIRGINIA CLOSE sales from October 1996 and April 2013 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 October 1996 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the April 2013 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 VIRGINIA CLOSE be worth now?

7 VIRGINIA CLOSE might now be worth an estimated £703,913.

This is based on house price inflation of 95.5%, between April 2013 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 95.5% inflationary increase is applied to the most recent sale price for 7 VIRGINIA CLOSE of £360,000 on 29th April 2013. For the value to have increased from £360,000 to £703,913 over the twelve years and two months to February 2025, the following assumptions must hold true:

• The value of 7 VIRGINIA CLOSE has moved in line with the HPI for detached houses in the Havering local authority area.
• The April 2013 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 7 VIRGINIA CLOSE has not materially changed since April 2013.

How Large is 7 VIRGINIA CLOSE?

7 VIRGINIA CLOSE is 122m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 40% 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 VIRGINIA CLOSE lies on this distribution: 36% of detached houses houses are smaller than 7 VIRGINIA CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in London.

7 VIRGINIA CLOSE: Plot and Title Map

7 VIRGINIA CLOSE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 7 VIRGINIA 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 VIRGINIA 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 VIRGINIA CLOSE?

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