3, OXFORD CLOSE, ROMFORD, RM2 5UT - £320,000

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.

3 OXFORD CLOSE is a very small terraced house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £695,520. It was last sold for £320,000 in October 2009, which was around 63% above the average October 2009 terraced price in the Havering local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

3 OXFORD CLOSE Sold Prices

Land registry data shows two sales for 3 OXFORD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Havering local authority area for the corresponding sale date. Both of the two 3 OXFORD CLOSE sales were for above 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
2009 6 OCT	£320,000	£196,403	63% above HPI
2005 30 MAR	£314,950	£186,989	68% above HPI

3 OXFORD 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 two 3 OXFORD CLOSE sales from March 2005 and October 2009 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 March 2005 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the October 2009 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 3 OXFORD CLOSE be worth now?

3 OXFORD CLOSE might now be worth an estimated £695,520.

This is based on house price inflation of 117.4%, between October 2009 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 117.4% inflationary increase is applied to the most recent sale price for 3 OXFORD CLOSE of £320,000 on 6th October 2009. For the value to have increased from £320,000 to £695,520 over the sixteen years and four months to June 2025, the following assumptions must hold true:

• The value of 3 OXFORD CLOSE has moved in line with the HPI for terraced houses in the Havering local authority area.
• The October 2009 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OXFORD CLOSE has not materially changed since October 2009.

How Large is 3 OXFORD CLOSE?

3 OXFORD CLOSE is 78m² according to the EPC inspection conducted in August 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 3 OXFORD CLOSE lies on this distribution: 9% of terraced houses houses are smaller than 3 OXFORD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Romford.

3 OXFORD CLOSE: Plot and Title Map

3 OXFORD CLOSE sits on a plot of roughly 0.029 of an acre, or 119m². The below map shows the location of 3 OXFORD 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 3 OXFORD 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 3 OXFORD CLOSE?

3 OXFORD CLOSE is located in ROMFORD, in the RM2 postcode district. The below map shows the position of No. 3 on OXFORD CLOSE.