MEREBANK, COLCHESTER ROAD, ROMFORD, RM3 0AN - £232,000

MEREBANK is a very small detached house of 66m², built sometime between 1900 and 1929. It was last sold for £232,000 in July 2014, which was around 53% below the average July 2014 detached price in the Havering local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

MEREBANK Sold Prices

Land registry data shows three sales for MEREBANK 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 MEREBANK 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
2014 14 JUL	£232,000	£490,753	53% below HPI
2007 28 JUN	£238,000	£421,204	43% below HPI
1999 30 SEP	£96,000	£188,499	49% below HPI

MEREBANK 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 MEREBANK sales between September 1999 and July 2014 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 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2014 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is MEREBANK?

MEREBANK is 66m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where MEREBANK lies on this distribution: 3% of detached houses are smaller than MEREBANK, and 97% of houses are larger. Note that EPC data is not available for all properties in London.

MEREBANK: Plot and Title Map

MEREBANK sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of MEREBANK, 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 MEREBANK). 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 MEREBANK?

MEREBANK is located on COLCHESTER ROAD in ROMFORD, in the RM3 postcode district. The below map shows the position of MEREBANK on COLCHESTER ROAD.