4, RADWIN CLOSE, ROMFORD, RM5 3FE - £317,000

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 RADWIN CLOSE is a very small detached house of 68m², built in 2013, which could now be worth an estimated £389,220. It was last sold for £317,000 in March 2018, which was around 53% below the average March 2018 detached price in the Havering local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was C.

4 RADWIN CLOSE Sold Prices

Land registry data shows two sales for 4 RADWIN 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 RADWIN 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 9 MAR	£317,000	£681,393	53% below HPI
2014 27 JUN	£250,000	£479,363	48% below HPI

4 RADWIN 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 RADWIN CLOSE sales from June 2014 and March 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 June 2014 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the March 2018 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 4 RADWIN CLOSE be worth now?

4 RADWIN CLOSE might now be worth an estimated £389,220.

This is based on house price inflation of 22.8%, between March 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 22.8% inflationary increase is applied to the most recent sale price for 4 RADWIN CLOSE of £317,000 on 9th March 2018. For the value to have increased from £317,000 to £389,220 over the seven years and eleven months to April 2026, the following assumptions must hold true:

• The value of 4 RADWIN CLOSE has moved in line with the HPI for detached houses in the Havering local authority area.
• The March 2018 sale price of £317,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RADWIN CLOSE has not materially changed since March 2018.

How Large is 4 RADWIN CLOSE?

4 RADWIN CLOSE is 68m² according to the EPC inspection conducted in August 2012. 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 4 RADWIN CLOSE lies on this distribution: 3% of detached houses houses are smaller than 4 RADWIN CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in London.

4 RADWIN CLOSE: Plot and Title Map

4 RADWIN CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 4 RADWIN 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 RADWIN 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 RADWIN CLOSE?

4 RADWIN CLOSE is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 4 on RADWIN CLOSE.