16, STEPHENS CLOSE, ROMFORD, RM3 7RS - £135,000

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.

16 STEPHENS CLOSE is a very small flat of 26m², built sometime between 1983 and 1990, which could now be worth an estimated £144,229. It was last sold for £135,000 in October 2021, which was around 43% below the average October 2021 flat price in the Havering local authority area. The most recent EPC inspection was January 2021, where the current energy rating was E, and the potential energy rating was D.

16 STEPHENS CLOSE Sold Prices

Land registry data shows three sales for 16 STEPHENS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Havering local authority area for the corresponding sale date. All of the three 16 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
2021 29 OCT	£135,000	£238,570	43% below HPI
2006 20 OCT	£90,000	£154,299	42% below HPI
1997 28 NOV	£25,950	£54,006	52% below HPI

What might 16 STEPHENS CLOSE be worth now?

16 STEPHENS CLOSE might now be worth an estimated £144,229.

This is based on house price inflation of 6.8%, between October 2021 and May 2026, for flats, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.8% inflationary increase is applied to the most recent sale price for 16 STEPHENS CLOSE of £135,000 on 29th October 2021. For the value to have increased from £135,000 to £144,229 over the five years and five months to May 2026, the following assumptions must hold true:

• The value of 16 STEPHENS CLOSE has moved in line with the HPI for flats in the Havering local authority area.
• The October 2021 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 16 STEPHENS CLOSE has not materially changed since October 2021.

How Large is 16 STEPHENS CLOSE?

16 STEPHENS CLOSE is 26m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 10% of flats in London, based on EPC data. 1% of flats are smaller than 16 STEPHENS CLOSE, and 99% of flats are larger. Note that EPC data is not available for all properties in London.

16 STEPHENS CLOSE: Plot

16 STEPHENS CLOSE sits on a plot of roughly 0.192 of an acre, or 775m².

Where is 16 STEPHENS CLOSE?

16 STEPHENS CLOSE is located in ROMFORD, in the RM3 postcode district.