PENWARDEN, NORTH ROAD, HAVERING-ATTE-BOWER, ROMFORD, RM4 1PX - £550,000

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

PENWARDEN is a small extended detached house of 118m², built sometime between 1930 and 1949. It was last sold for £550,000 in August 2022, which was around 31% below the average August 2022 detached price in the Havering local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

PENWARDEN Sold Prices

Land registry data shows two sales for PENWARDEN 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 PENWARDEN 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
2022 12 AUG	£550,000	£795,789	31% below HPI
1997 12 MAY	£125,500	£144,516	13% below HPI

PENWARDEN 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 PENWARDEN sales from May 1997 and August 2022 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 May 1997 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is PENWARDEN?

PENWARDEN is 118m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where PENWARDEN lies on this distribution: 33% of detached houses are smaller than PENWARDEN, and 67% of houses are larger. Note that EPC data is not available for all properties in London.

PENWARDEN: Plot and Title Map

PENWARDEN sits on a plot of roughly 0.163 of an acre, or 658m². The below map shows the location of PENWARDEN, 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 PENWARDEN). 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 PENWARDEN?

PENWARDEN is located on NORTH ROAD in HAVERING-ATTE-BOWER, in the RM4 postcode district. The below map shows the position of PENWARDEN on NORTH ROAD.