77, LAKE RISE, ROMFORD, RM1 4EF - £725,000

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

77 LAKE RISE is a small extended detached house of 95m², built sometime between 1930 and 1949. It was last sold for £725,000 in January 2023, which was around 12% below the average January 2023 detached price in the Havering local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

77 LAKE RISE Sold Prices

Land registry data shows two sales for 77 LAKE RISE 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 77 LAKE RISE 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
2023 6 JAN	£725,000	£825,970	12% below HPI
2018 20 APR	£542,500	£695,438	22% below HPI

77 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 two 77 LAKE RISE sales from April 2018 and January 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 April 2018 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 77 LAKE RISE?

77 LAKE RISE is 95m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 30% of detached houses in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 77 LAKE RISE lies on this distribution: 25% of detached houses are smaller than 77 LAKE RISE, and 74% of houses are larger. Note that EPC data is not available for all properties in Romford.

77 LAKE RISE: Plot and Title Map

77 LAKE RISE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 77 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 77 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 77 LAKE RISE?

77 LAKE RISE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 77 on LAKE RISE.