3, BROOK CLOSE, ROMFORD, RM2 5QU - £585,000

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.

3 BROOK CLOSE is a very small extended detached house of 56m², built sometime between 1930 and 1949, which could now be worth an estimated £704,501. It was last sold for £585,000 in June 2018, which was around 16% below the average June 2018 detached price in the Havering local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

3 BROOK CLOSE Sold Prices

Land registry data shows two sales for 3 BROOK CLOSE 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 3 BROOK 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
2018 1 JUN	£585,000	£694,717	16% below HPI
2007 29 NOV	£330,000	£436,985	24% below HPI

3 BROOK CLOSE 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 3 BROOK CLOSE sales from November 2007 and June 2018 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 November 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2018 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 BROOK CLOSE be worth now?

3 BROOK CLOSE might now be worth an estimated £704,501.

This is based on house price inflation of 20.4%, between June 2018 and April 2026, for 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 20.4% inflationary increase is applied to the most recent sale price for 3 BROOK CLOSE of £585,000 on 1st June 2018. For the value to have increased from £585,000 to £704,501 over the eight years and two months to April 2026, the following assumptions must hold true:

• The value of 3 BROOK CLOSE has moved in line with the HPI for detached houses in the Havering local authority area.
• The June 2018 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BROOK CLOSE has not materially changed since June 2018.

How Large is 3 BROOK CLOSE?

3 BROOK CLOSE is 56m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 3 BROOK CLOSE lies on this distribution: 1% of detached houses houses are smaller than 3 BROOK CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in London.

3 BROOK CLOSE: Plot and Title Map

3 BROOK CLOSE sits on a plot of roughly 0.144 of an acre, or 582m². The below map shows the location of 3 BROOK 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 3 BROOK 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 3 BROOK CLOSE?

3 BROOK CLOSE is located in ROMFORD, in the RM2 postcode district. The below map shows the position of No. 3 on BROOK CLOSE.