5, SPINNEY CLOSE, RAINHAM, RM13 8LR - £565,000

5 SPINNEY CLOSE is a very small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £565,000 in April 2023, which was around 32% below the average April 2023 detached price in the Havering local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

5 SPINNEY CLOSE Sold Prices

Land registry data shows five sales for 5 SPINNEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Havering local authority area for the corresponding sale date. All of the five 5 SPINNEY 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
2023 6 APR	£565,000	£833,051	32% below HPI
2013 13 SEP	£300,000	£434,042	31% below HPI
2009 30 JUL	£280,000	£371,509	25% below HPI
2000 7 JAN	£166,000	£199,989	17% below HPI
1999 12 MAR	£135,000	£175,756	23% below HPI

5 SPINNEY 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 five 5 SPINNEY CLOSE sales between March 1999 and April 2023 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 September 2013 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the April 2023 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 5 SPINNEY CLOSE?

5 SPINNEY CLOSE is 86m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 5 SPINNEY CLOSE lies on this distribution: 11% of detached houses are smaller than 5 SPINNEY CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in London.

5 SPINNEY CLOSE: Plot and Title Map

5 SPINNEY CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 5 SPINNEY 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 5 SPINNEY 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 5 SPINNEY CLOSE?

5 SPINNEY CLOSE is located in RAINHAM, in the RM13 postcode district. The below map shows the position of No. 5 on SPINNEY CLOSE.