Top 10 most expensive properties sold in Havering last year bought for £4m or more
PUBLISHED: 07:00 15 February 2018 | UPDATED: 07:52 15 February 2018
Havering's 10 most expensive properties each sold for more than £4 million last year, data reveals.
Land Registry data shows that the Orange Tree Pub & Kitchen in Havering-atte-Bower was the most expensive property in the borough bought at £6.8m.
Two of the million pound sales were from properties in the Queen’s Moat House, St Edwards Way, with each sale fetching £6.1m in second and third place.
Various industrial properties made the list, including BSS Industrial in fifth place, sold for more than £5.6m and AGP Steel, Spilsby Road in sixth place sold for £5m and Toyota, Southend Arterial Road in tenth place which sold at £4m.
The Quarles campus of the Havering College of Further and Higher Education in Harold Hill, came in fifth place in the ranking with a sale of £5.5m.
Havering Council considered buying Quarles campus for redevelopment into homes or new education facilities.
The arrangement was intended to ease financial pressure on the college and allow it to expand to a new site in Rainham.
A council report stated: “This would place the college in a far better position economically.”
Havering College is seeking to concentrate its education programme on its Ardleigh Green campus and expand its construction courses at its Rainham site.
Six out of the ten properties fetched more than £5m.
Eighth in our ranking was The Pompadours pub in Edenhall Road, which sold for £4.5m in November last year.
The Pompadours served its last pint in March 2016 and has been standing empty ever since.
In November, the Recorder reported that Starstone Ventures Ltd were proposing to knock down the building and build 15 three bedroom houses and six two bedroom houses, which would be “family homes”, in its wake.
Residents in Harold Hill received flyers from the development company which says that 25pc of the homes being sold will be reserved for Havering residents.
If any of these are not sold by the end of January 2019 then these properties will be placed on the open market.
The government shelved plans to privatise the Land Registry following heavy criticism in 2016.