3, RUSTIC CLOSE, UPMINSTER, RM14 1JP - £385,000

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 RUSTIC CLOSE is a very small semi-detached house of 67m², built sometime between 1950 and 1966, which could now be worth an estimated £467,638. It was last sold for £385,000 in December 2018, which was around 13% below the average December 2018 semi-detached price in the Havering local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

3 RUSTIC CLOSE Sold Prices

Land registry data shows three sales for 3 RUSTIC CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Havering local authority area for the corresponding sale date. All of the three 3 RUSTIC 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 7 DEC	£385,000	£442,886	13% below HPI
2004 2 APR	£193,000	£220,929	13% below HPI
1999 22 NOV	£104,500	£113,986	8% below HPI

3 RUSTIC 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 three 3 RUSTIC CLOSE sales between November 1999 and December 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 April 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2018 sale, which was also at 13% below the HPI.

What might 3 RUSTIC CLOSE be worth now?

3 RUSTIC CLOSE might now be worth an estimated £467,638.

This is based on house price inflation of 21.5%, between December 2018 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 21.5% inflationary increase is applied to the most recent sale price for 3 RUSTIC CLOSE of £385,000 on 7th December 2018. For the value to have increased from £385,000 to £467,638 over the eight years and eight months to April 2026, the following assumptions must hold true:

• The value of 3 RUSTIC CLOSE has moved in line with the HPI for semi-detached houses in the Havering local authority area.
• The December 2018 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RUSTIC CLOSE has not materially changed since December 2018.

How Large is 3 RUSTIC CLOSE?

3 RUSTIC CLOSE is 67m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of semi-detached houses houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London, and where 3 RUSTIC CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 3 RUSTIC CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in London.

3 RUSTIC CLOSE: Plot and Title Map

3 RUSTIC CLOSE sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of 3 RUSTIC 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 RUSTIC 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 RUSTIC CLOSE?

3 RUSTIC CLOSE is located in UPMINSTER, in the RM14 postcode district. The below map shows the position of No. 3 on RUSTIC CLOSE.