CEDAR LODGE, NELMES WAY, HORNCHURCH, RM11 2QZ - £1,170,000

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

CEDAR LODGE is a midsized extended detached house of 142m², built sometime between 1976 and 1982. It was last sold for £1,170,000 in December 2021, which was around 53% above the average December 2021 detached price in the Havering local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

CEDAR LODGE Sold Prices

Land registry data shows two sales for CEDAR LODGE 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 CEDAR LODGE 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
2021 10 DEC	£1,170,000	£762,612	53% above HPI
2017 7 FEB	£995,000	£670,721	48% above HPI

CEDAR LODGE 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 CEDAR LODGE sales from February 2017 and December 2021 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 February 2017 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the December 2021 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is CEDAR LODGE?

CEDAR LODGE is 142m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the smallest 50% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where CEDAR LODGE lies on this distribution: 49% of detached houses are smaller than CEDAR LODGE, and 51% of houses are larger. Note that EPC data is not available for all properties in London.

CEDAR LODGE: Plot and Title Map

CEDAR LODGE sits on a plot of roughly 0.288 of an acre, or 1,165m². The below map shows the location of CEDAR LODGE, 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 CEDAR LODGE). 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 CEDAR LODGE?

CEDAR LODGE is located on NELMES WAY in HORNCHURCH, in the RM11 postcode district. The below map shows the position of CEDAR LODGE on NELMES WAY.