THE LOCK HOUSE, OLD FORD ROAD, LONDON, E3 5SX - £1,112,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE LOCK HOUSE is a very small extended detached house of 55m², built sometime before 1900, which could now be worth an estimated £1,026,314. It was last sold for £1,112,500 in November 2021, which was around 9% above the average November 2021 detached price in the Tower Hamlets local authority area. The most recent EPC inspection was July 2024, where the current energy rating was G, and the potential energy rating was E.

THE LOCK HOUSE Sold Prices

Land registry data shows three sales for THE LOCK HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tower Hamlets local authority area for the corresponding sale date. Two of the three THE LOCK HOUSE sales were for above the average price, whilst one was 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 12 NOV	£1,112,500	£1,018,270	9% above HPI
2017 16 JAN	£880,000	£825,439	7% above HPI
2013 9 APR	£500,000	£505,544	1% below HPI

THE LOCK HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tower Hamlets local authority area over time, sourced from the HPI. The three THE LOCK HOUSE sales between April 2013 and November 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 2017 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the November 2021 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might THE LOCK HOUSE be worth now?

THE LOCK HOUSE might now be worth an estimated £1,026,314.

This is based on house price deflation of 7.7%, between November 2021 and February 2025, for detached houses, in the Tower Hamlets local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.7% deflationary decrease is applied to the most recent sale price for THE LOCK HOUSE of £1,112,500 on 12th November 2021. For the value to have decreased from £1,112,500 to £1,026,314 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of THE LOCK HOUSE has moved in line with the HPI for detached houses in the Tower Hamlets local authority area.
• The November 2021 sale price of £1,112,500 represented a fair market value for the property.
• The size, condition, and specification of THE LOCK HOUSE has not materially changed since November 2021.

How Large is THE LOCK HOUSE?

THE LOCK HOUSE is 55m², which includes two extensions, according to the EPC inspection conducted in July 2024. This puts it in the smallest 10% of detached houses houses in Hackney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hackney, and where THE LOCK HOUSE lies on this distribution: 4% of detached houses houses are smaller than THE LOCK HOUSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Hackney.

THE LOCK HOUSE: Plot and Title Map

THE LOCK HOUSE sits on a plot of roughly 0.026 of an acre, or 106m². The below map shows the location of THE LOCK HOUSE, 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 THE LOCK HOUSE). 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 THE LOCK HOUSE?

THE LOCK HOUSE is located on OLD FORD ROAD in LONDON, in the E3 postcode district. The below map shows the position of THE LOCK HOUSE on OLD FORD ROAD.