1D, IRONS WAY, ROMFORD, RM5 3RJ - £357,000

1D IRONS WAY is a very small detached house of 69m². It was last sold for £357,000 in August 2021, which was around 53% below the average August 2021 detached price in the Havering local authority area. The most recent EPC inspection was May 2015, where the current energy rating was B, and the potential energy rating was A.

1D IRONS WAY Sold Prices

Land registry data shows three sales for 1D IRONS WAY 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 1D IRONS WAY 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
2021 13 AUG	£357,000	£762,139	53% below HPI
2015 22 MAY	£307,500	£534,963	43% below HPI
2007 7 DEC	£309,995	£442,581	30% below HPI

1D IRONS WAY 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 1D IRONS WAY sales between December 2007 and August 2021 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 May 2015 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the August 2021 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 1D IRONS WAY?

1D IRONS WAY is 69m² according to the EPC inspection conducted in May 2015. 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 1D IRONS WAY lies on this distribution: 4% of detached houses are smaller than 1D IRONS WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in London.

1D IRONS WAY: Plot and Title Map

1D IRONS WAY sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 1D IRONS WAY, 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 1D IRONS WAY). 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 1D IRONS WAY?

1D IRONS WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 1D on IRONS WAY.