41, LODGE LANE, ROMFORD, RM5 2LJ - £600,000

41 LODGE LANE is a midsized extended detached house of 143m², built sometime between 1950 and 1966. It was last sold for £600,000 in February 2021, which was around 19% below the average February 2021 detached price in the Havering local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was C.

41 LODGE LANE Sold Prices

Land registry data shows three sales for 41 LODGE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Havering local authority area for the corresponding sale date. All of the three 41 LODGE LANE 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
2021 26 FEB	£600,000	£738,514	19% below HPI
2011 25 FEB	£387,000	£410,821	6% below HPI
2005 7 OCT	£220,000	£374,494	41% below HPI

41 LODGE LANE 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 three 41 LODGE LANE sales between October 2005 and February 2021 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 February 2011 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2021 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 41 LODGE LANE?

41 LODGE LANE is 143m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 41 LODGE LANE lies on this distribution: 50% of detached houses are smaller than 41 LODGE LANE, and 50% of houses are larger. Note that EPC data is not available for all properties in London.

41 LODGE LANE: Plot and Title Map

41 LODGE LANE sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of 41 LODGE LANE, 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 41 LODGE LANE). 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 41 LODGE LANE?

41 LODGE LANE is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 41 on LODGE LANE.