20, STEPHENS CLOSE, ROMFORD, RM3 7RS - £130,000

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.

20 STEPHENS CLOSE is a very small flat of 26m², built sometime between 1983 and 1990, which could now be worth an estimated £136,426. It was last sold for £130,000 in March 2022, which was around 46% below the average March 2022 flat price in the Havering local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

20 STEPHENS CLOSE Sold Prices

Land registry data shows two sales for 20 STEPHENS 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 Havering local authority area for the corresponding sale date. Both of the two 20 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
2022 11 MAR	£130,000	£242,875	46% below HPI
2015 9 FEB	£85,000	£179,927	53% below HPI

What might 20 STEPHENS CLOSE be worth now?

20 STEPHENS CLOSE might now be worth an estimated £136,426.

This is based on house price inflation of 4.9%, between March 2022 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 4.9% inflationary increase is applied to the most recent sale price for 20 STEPHENS CLOSE of £130,000 on 11th March 2022. For the value to have increased from £130,000 to £136,426 over the three years and ten months to May 2026, the following assumptions must hold true:

• The value of 20 STEPHENS CLOSE has moved in line with the HPI for flats in the Havering local authority area.
• The March 2022 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 20 STEPHENS CLOSE has not materially changed since March 2022.

How Large is 20 STEPHENS CLOSE?

20 STEPHENS CLOSE is 26m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of flats in London, based on EPC data. 1% of flats are smaller than 20 STEPHENS CLOSE, and 99% of flats are larger. Note that EPC data is not available for all properties in London.

20 STEPHENS CLOSE: Plot

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

Where is 20 STEPHENS CLOSE?

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