9, STEPHENS CLOSE, ROMFORD, RM3 7RS - £129,995

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.

9 STEPHENS CLOSE is a very small terraced house of 40m², built sometime between 1976 and 1982, which could now be worth an estimated £302,450. It was last sold for £129,995 in October 2004, which was around 31% below the average October 2004 terraced price in the Havering local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was A.

9 STEPHENS CLOSE Sold Prices

Land registry data shows four sales for 9 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 9 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
2004 8 OCT	£129,995	£188,518	31% below HPI
2002 4 DEC	£103,000	£152,389	32% below HPI
1998 21 AUG	£47,500	£80,130	41% below HPI
1997 14 APR	£41,500	£68,573	39% below HPI

9 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 9 STEPHENS CLOSE sales between April 1997 and October 2004 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 December 2002 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2004 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 9 STEPHENS CLOSE be worth now?

9 STEPHENS CLOSE might now be worth an estimated £302,450.

This is based on house price inflation of 132.7%, between October 2004 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 132.7% inflationary increase is applied to the most recent sale price for 9 STEPHENS CLOSE of £129,995 on 8th October 2004. For the value to have increased from £129,995 to £302,450 over the 22 years and five months to May 2026, the following assumptions must hold true:

• The value of 9 STEPHENS CLOSE has moved in line with the HPI for terraced houses in the Havering local authority area.
• The October 2004 sale price of £129,995 represented a fair market value for the property.
• The size, condition, and specification of 9 STEPHENS CLOSE has not materially changed since October 2004.

How Large is 9 STEPHENS CLOSE?

9 STEPHENS CLOSE is 40m² according to the EPC inspection conducted in May 2015. 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 9 STEPHENS CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 9 STEPHENS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in London.

9 STEPHENS CLOSE: Plot and Title Map

9 STEPHENS CLOSE sits on a plot of roughly 0.021 of an acre, or 86m². The below map shows the location of 9 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 9 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 9 STEPHENS CLOSE?

9 STEPHENS CLOSE is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 9 on STEPHENS CLOSE.