36, SHEPHERDS CLOSE, ROMFORD, RM6 5AD - £400,000

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.

36 SHEPHERDS CLOSE is a very small terraced house of 67m², built sometime between 1950 and 1966, which could now be worth an estimated £448,690. It was last sold for £400,000 in April 2023, which was around 19% below the average April 2023 terraced price in the Redbridge local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

36 SHEPHERDS CLOSE Sold Prices

Land registry data shows two sales for 36 SHEPHERDS 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 Redbridge local authority area for the corresponding sale date. Both of the two 36 SHEPHERDS 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
2023 13 APR	£400,000	£496,677	19% below HPI
2002 19 JUL	£137,995	£167,285	18% below HPI

36 SHEPHERDS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Redbridge local authority area over time, sourced from the HPI. The two 36 SHEPHERDS CLOSE sales from July 2002 and April 2023 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 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 36 SHEPHERDS CLOSE be worth now?

36 SHEPHERDS CLOSE might now be worth an estimated £448,690.

This is based on house price inflation of 12.2%, between April 2023 and April 2026, for terraced houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.2% inflationary increase is applied to the most recent sale price for 36 SHEPHERDS CLOSE of £400,000 on 13th April 2023. For the value to have increased from £400,000 to £448,690 over the three years to April 2026, the following assumptions must hold true:

• The value of 36 SHEPHERDS CLOSE has moved in line with the HPI for terraced houses in the Redbridge local authority area.
• The April 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 36 SHEPHERDS CLOSE has not materially changed since April 2023.

How Large is 36 SHEPHERDS CLOSE?

36 SHEPHERDS CLOSE is 67m² according to the EPC inspection conducted in July 2023. 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 36 SHEPHERDS CLOSE lies on this distribution: 3% of terraced houses houses are smaller than 36 SHEPHERDS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in London.

36 SHEPHERDS CLOSE: Plot and Title Map

36 SHEPHERDS CLOSE sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 36 SHEPHERDS 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 36 SHEPHERDS 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 36 SHEPHERDS CLOSE?

36 SHEPHERDS CLOSE is located in ROMFORD, in the RM6 postcode district. The below map shows the position of No. 36 on SHEPHERDS CLOSE.