4, GLADES CLOSE, ROMFORD, RM1 2BW - £623,000

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.

4 GLADES CLOSE is a midsized detached house of 132m², built in 2013, which could now be worth an estimated £669,301. It was last sold for £623,000 in May 2022, which was around 20% below the average May 2022 detached price in the Havering local authority area. The most recent EPC inspection was February 2015, where the current energy rating was B, and the potential energy rating was A.

4 GLADES CLOSE Sold Prices

Land registry data shows two sales for 4 GLADES 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 4 GLADES 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
2022 16 MAY	£623,000	£782,929	20% below HPI
2016 22 JAN	£546,000	£595,451	8% below HPI

4 GLADES 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 4 GLADES CLOSE sales from January 2016 and May 2022 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 2016 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 4 GLADES CLOSE be worth now?

4 GLADES CLOSE might now be worth an estimated £669,301.

This is based on house price inflation of 7.4%, between May 2022 and July 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 7.4% inflationary increase is applied to the most recent sale price for 4 GLADES CLOSE of £623,000 on 16th May 2022. For the value to have increased from £623,000 to £669,301 over the three years and ten months to July 2026, the following assumptions must hold true:

• The value of 4 GLADES CLOSE has moved in line with the HPI for detached houses in the Havering local authority area.
• The May 2022 sale price of £623,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GLADES CLOSE has not materially changed since May 2022.

How Large is 4 GLADES CLOSE?

4 GLADES CLOSE is 132m² according to the EPC inspection conducted in February 2015. This puts it in the largest 50% of detached houses houses in Romford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romford, and where 4 GLADES CLOSE lies on this distribution: 56% of detached houses houses are smaller than 4 GLADES CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Romford.

4 GLADES CLOSE: Plot and Title Map

4 GLADES CLOSE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 4 GLADES 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 4 GLADES 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 4 GLADES CLOSE?

4 GLADES CLOSE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 4 on GLADES CLOSE.