SOUTH LODGE, SOUTH DRIVE, ROMFORD, RM2 6HH - £700,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SOUTH LODGE is a small detached house of 105m², built sometime before 1900. It was last sold for £700,000 in December 2021, which was around 8% below the average December 2021 detached price in the Havering local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

SOUTH LODGE Sold Prices

Land registry data shows three sales for SOUTH LODGE 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 SOUTH LODGE 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 3 DEC	£700,000	£762,612	8% below HPI
2011 21 JAN	£360,000	£412,651	13% below HPI
2001 14 AUG	£200,000	£251,317	20% below HPI

SOUTH 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 three SOUTH LODGE sales between August 2001 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 January 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is SOUTH LODGE?

SOUTH LODGE is 105m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where SOUTH LODGE lies on this distribution: 23% of detached houses are smaller than SOUTH LODGE, and 76% of houses are larger. Note that EPC data is not available for all properties in London.

SOUTH LODGE: Plot and Title Map

SOUTH LODGE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of SOUTH 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 SOUTH 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 SOUTH LODGE?

SOUTH LODGE is located on SOUTH DRIVE in ROMFORD, in the RM2 postcode district. The below map shows the position of SOUTH LODGE on SOUTH DRIVE.