DURGAN, COLCHESTER ROAD, ROMFORD, RM3 0AN - £495,000

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

DURGAN is a midsized detached house of 151m², built sometime between 1930 and 1949. It was last sold for £495,000 in February 2021, which was around 31% below the average February 2021 detached price in the Havering local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

DURGAN Sold Prices

Land registry data shows three sales for DURGAN 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 DURGAN 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
2021 5 FEB	£495,000	£722,616	31% below HPI
2002 15 FEB	£165,000	£264,630	38% below HPI
1998 17 DEC	£103,500	£176,228	41% below HPI

DURGAN 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 DURGAN sales between December 1998 and February 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 2002 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is DURGAN?

DURGAN is 151m² according to the EPC inspection conducted in August 2020. This puts it in the largest 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 DURGAN lies on this distribution: 54% of detached houses are smaller than DURGAN, and 46% of houses are larger. Note that EPC data is not available for all properties in London.

DURGAN: Plot and Title Map

DURGAN sits on a plot of roughly 0.161 of an acre, or 652m². The below map shows the location of DURGAN, 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 DURGAN). 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 DURGAN?

DURGAN is located on COLCHESTER ROAD in ROMFORD, in the RM3 postcode district. The below map shows the position of DURGAN on COLCHESTER ROAD.