2, IVARO CLOSE, ROMFORD, RM5 3FF - £340,000

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.

2 IVARO CLOSE is a very small semi-detached house of 77m², built in 2015, which could now be worth an estimated £494,135. It was last sold for £340,000 in January 2016, which was around 9% below the average January 2016 semi-detached price in the Havering local authority area. The most recent EPC inspection was July 2015, where the current energy rating was B, and the potential energy rating was A.

2 IVARO CLOSE Sold Prices

Land registry data shows one sale for 2 IVARO CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-detached price in the Havering local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 12 JAN	£340,000	£375,616	9% below HPI

What might 2 IVARO CLOSE be worth now?

2 IVARO CLOSE might now be worth an estimated £494,135.

This is based on house price inflation of 45.3%, between January 2016 and May 2026, for semi-detached 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 45.3% inflationary increase is applied to the most recent sale price for 2 IVARO CLOSE of £340,000 on 12th January 2016. For the value to have increased from £340,000 to £494,135 over the nine years and eight months to May 2026, the following assumptions must hold true:

• The value of 2 IVARO CLOSE has moved in line with the HPI for semi-detached houses in the Havering local authority area.
• The January 2016 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 IVARO CLOSE has not materially changed since January 2016.

How Large is 2 IVARO CLOSE?

2 IVARO CLOSE is 77m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of semi-detached houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses by size in London, and where 2 IVARO CLOSE lies on this distribution: 14% of semi-detached houses are smaller than 2 IVARO CLOSE, and 85% of semi-detached houses are larger. Note that EPC data is not available for all properties in London.

2 IVARO CLOSE: Plot

2 IVARO CLOSE sits on a plot of roughly 0.051 of an acre, or 205m².

Where is 2 IVARO CLOSE?

2 IVARO CLOSE is located in ROMFORD, in the RM5 postcode district.