2, GERNON CLOSE, RAINHAM, RM13 9RA - £139,995

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.

2 GERNON CLOSE is a very small semi-detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £472,019. It was last sold for £139,995 in April 2002, which was around 12% below the average April 2002 semi-detached price in the Havering local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

2 GERNON CLOSE Sold Prices

Land registry data shows two sales for 2 GERNON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Havering local authority area for the corresponding sale date. Both of the two 2 GERNON CLOSE 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
2002 25 APR	£139,995	£159,549	12% below HPI
1999 9 JUN	£78,500	£108,473	28% below HPI

2 GERNON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Havering local authority area over time, sourced from the HPI. The two 2 GERNON CLOSE sales from June 1999 and April 2002 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 June 1999 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2002 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 GERNON CLOSE be worth now?

2 GERNON CLOSE might now be worth an estimated £472,019.

This is based on house price inflation of 237.2%, between April 2002 and April 2026, for semi-detached houses, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 237.2% inflationary increase is applied to the most recent sale price for 2 GERNON CLOSE of £139,995 on 25th April 2002. For the value to have increased from £139,995 to £472,019 over the 24 years to April 2026, the following assumptions must hold true:

• The value of 2 GERNON CLOSE has moved in line with the HPI for semi-detached houses in the Havering local authority area.
• The April 2002 sale price of £139,995 represented a fair market value for the property.
• The size, condition, and specification of 2 GERNON CLOSE has not materially changed since April 2002.

How Large is 2 GERNON CLOSE?

2 GERNON CLOSE is 78m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of semi-detached houses houses in Rainham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Rainham, and where 2 GERNON CLOSE lies on this distribution: 16% of semi-detached houses houses are smaller than 2 GERNON CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Rainham.

2 GERNON CLOSE: Plot and Title Map

2 GERNON CLOSE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 2 GERNON CLOSE, 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 2 GERNON CLOSE). 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 2 GERNON CLOSE?

2 GERNON CLOSE is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 2 on GERNON CLOSE.