23, STEPHENS CLOSE, ROMFORD, RM3 7RS - £280,000

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.

23 STEPHENS CLOSE is a terraced house, which could now be worth an estimated £304,581. It was last sold for £280,000 in July 2022, which was around 31% below the average July 2022 terraced price in the Havering local authority area.

23 STEPHENS CLOSE Sold Prices

Land registry data shows five sales for 23 STEPHENS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Havering local authority area for the corresponding sale date. All of the five 23 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 8 JUL	£280,000	£403,213	31% below HPI
2018 15 MAY	£240,000	£354,483	32% below HPI
2017 28 JUL	£195,000	£344,819	43% below HPI
2008 31 JUL	£135,000	£218,038	38% below HPI
2002 20 SEP	£88,000	£142,928	38% below HPI

What might 23 STEPHENS CLOSE be worth now?

23 STEPHENS CLOSE might now be worth an estimated £304,581.

This is based on house price inflation of 8.8%, between July 2022 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 8.8% inflationary increase is applied to the most recent sale price for 23 STEPHENS CLOSE of £280,000 on 8th July 2022. For the value to have increased from £280,000 to £304,581 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 23 STEPHENS CLOSE has moved in line with the HPI for terraced houses in the Havering local authority area.
• The July 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 23 STEPHENS CLOSE has not materially changed since July 2022.

Where is 23 STEPHENS CLOSE?

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