15, SIMS CLOSE, ROMFORD, RM1 3QT - £445,000

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.

15 SIMS CLOSE is a very small extended terraced house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £456,742. It was last sold for £445,000 in October 2022, which was around 7% above the average October 2022 terraced price in the Havering local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

15 SIMS CLOSE Sold Prices

Land registry data shows three sales for 15 SIMS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Havering local authority area for the corresponding sale date. Two of the three 15 SIMS CLOSE sales were for above the average price, whilst one was 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
2022 19 OCT	£445,000	£415,908	7% above HPI
2018 3 JUL	£350,000	£357,001	2% below HPI
1998 3 MAR	£94,500	£76,028	24% above HPI

15 SIMS 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 three 15 SIMS CLOSE sales between March 1998 and October 2022 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 July 2018 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2022 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 15 SIMS CLOSE be worth now?

15 SIMS CLOSE might now be worth an estimated £456,742.

This is based on house price inflation of 2.6%, between October 2022 and June 2025, 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 2.6% inflationary increase is applied to the most recent sale price for 15 SIMS CLOSE of £445,000 on 19th October 2022. For the value to have increased from £445,000 to £456,742 over the three years and four months to June 2025, the following assumptions must hold true:

• The value of 15 SIMS CLOSE has moved in line with the HPI for terraced houses in the Havering local authority area.
• The October 2022 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SIMS CLOSE has not materially changed since October 2022.

How Large is 15 SIMS CLOSE?

15 SIMS CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the smallest 10% of terraced houses houses in Romford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Romford, and where 15 SIMS CLOSE lies on this distribution: 9% of terraced houses houses are smaller than 15 SIMS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Romford.

15 SIMS CLOSE: Plot and Title Map

15 SIMS CLOSE sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 15 SIMS 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 15 SIMS 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 15 SIMS CLOSE?

15 SIMS CLOSE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 15 on SIMS CLOSE.