116, SHEPHERDS CLOSE, ROMFORD, RM6 5AJ - £108,000

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.

116 SHEPHERDS CLOSE is a midsized flat of 67m², built sometime between 1976 and 1982, which could now be worth an estimated £246,417. It was last sold for £108,000 in November 2002, which was around 21% below the average November 2002 flat price in the Redbridge local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was C.

116 SHEPHERDS CLOSE Sold Prices

Land registry data shows two sales for 116 SHEPHERDS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Redbridge local authority area for the corresponding sale date. Both of the two 116 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
2002 1 NOV	£108,000	£136,627	21% below HPI
1998 30 SEP	£38,000	£67,711	44% below HPI

What might 116 SHEPHERDS CLOSE be worth now?

116 SHEPHERDS CLOSE might now be worth an estimated £246,417.

This is based on house price inflation of 128.2%, between November 2002 and May 2026, for flats, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 128.2% inflationary increase is applied to the most recent sale price for 116 SHEPHERDS CLOSE of £108,000 on 1st November 2002. For the value to have increased from £108,000 to £246,417 over the 24 years and six months to May 2026, the following assumptions must hold true:

• The value of 116 SHEPHERDS CLOSE has moved in line with the HPI for flats in the Redbridge local authority area.
• The November 2002 sale price of £108,000 represented a fair market value for the property.
• The size, condition, and specification of 116 SHEPHERDS CLOSE has not materially changed since November 2002.

How Large is 116 SHEPHERDS CLOSE?

116 SHEPHERDS CLOSE is 67m² according to the EPC inspection conducted in July 2018. This puts it in the largest 40% of flats in London, based on EPC data. 59% of flats are smaller than 116 SHEPHERDS CLOSE, and 39% of flats are larger. Note that EPC data is not available for all properties in London.

116 SHEPHERDS CLOSE: Plot

116 SHEPHERDS CLOSE sits on a plot of roughly 1.6 acres, or 6,400m².

Where is 116 SHEPHERDS CLOSE?

116 SHEPHERDS CLOSE is located in ROMFORD, in the RM6 postcode district.