10, STEPHENS CLOSE, ROMFORD, RM3 7RS - £169,000

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.

10 STEPHENS CLOSE is a very small terraced house of 47m², built sometime between 1991 and 1995, which could now be worth an estimated £263,166. It was last sold for £169,000 in August 2015, which was around 40% below the average August 2015 terraced price in the Havering local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

10 STEPHENS CLOSE Sold Prices

Land registry data shows four sales for 10 STEPHENS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Havering local authority area for the corresponding sale date. All of the four 10 STEPHENS 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
2015 24 AUG	£169,000	£281,667	40% below HPI
2011 25 FEB	£134,500	£204,095	34% below HPI
2003 6 MAY	£115,000	£161,244	29% below HPI
1998 9 APR	£49,000	£77,252	37% below HPI

10 STEPHENS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Havering local authority area over time, sourced from the HPI. The four 10 STEPHENS CLOSE sales between April 1998 and August 2015 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 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2015 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 10 STEPHENS CLOSE be worth now?

10 STEPHENS CLOSE might now be worth an estimated £263,166.

This is based on house price inflation of 55.7%, between August 2015 and May 2026, for terraced 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 55.7% inflationary increase is applied to the most recent sale price for 10 STEPHENS CLOSE of £169,000 on 24th August 2015. For the value to have increased from £169,000 to £263,166 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of 10 STEPHENS CLOSE has moved in line with the HPI for terraced houses in the Havering local authority area.
• The August 2015 sale price of £169,000 represented a fair market value for the property.
• The size, condition, and specification of 10 STEPHENS CLOSE has not materially changed since August 2015.

How Large is 10 STEPHENS CLOSE?

10 STEPHENS CLOSE is 47m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of terraced houses houses in London, based on EPC data. The below chart shows the distribution of terraced houses houses by size in London, and where 10 STEPHENS CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 10 STEPHENS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in London.

10 STEPHENS CLOSE: Plot and Title Map

10 STEPHENS CLOSE sits on a plot of roughly 0.028 of an acre, or 115m². The below map shows the location of 10 STEPHENS 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 10 STEPHENS 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 10 STEPHENS CLOSE?

10 STEPHENS CLOSE is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 10 on STEPHENS CLOSE.