16, IRONS WAY, ROMFORD, RM5 3RJ - £390,000

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 IRONS WAY is a small extended semi-detached house of 121m², built sometime between 1950 and 1966, which could now be worth an estimated £584,177. It was last sold for £390,000 in September 2015, which was around 10% above the average September 2015 semi-detached price in the Havering local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was D.

16 IRONS WAY Sold Prices

Land registry data shows two sales for 16 IRONS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Havering local authority area for the corresponding sale date. One of the two 16 IRONS WAY sales was for above the average price, whilst the other was 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
2015 4 SEP	£390,000	£353,263	10% above HPI
2006 25 SEP	£240,000	£247,336	3% below HPI

16 IRONS WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Havering local authority area over time, sourced from the HPI. The two 16 IRONS WAY sales from September 2006 and September 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2015 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 16 IRONS WAY be worth now?

16 IRONS WAY might now be worth an estimated £584,177.

This is based on house price inflation of 49.8%, between September 2015 and February 2025, 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 49.8% inflationary increase is applied to the most recent sale price for 16 IRONS WAY of £390,000 on 4th September 2015. For the value to have increased from £390,000 to £584,177 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 IRONS WAY has moved in line with the HPI for semi-detached houses in the Havering local authority area.
• The September 2015 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 16 IRONS WAY has not materially changed since September 2015.

How Large is 16 IRONS WAY?

16 IRONS WAY is 121m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the smallest 40% of semi-detached houses houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London, and where 16 IRONS WAY lies on this distribution: 34% of semi-detached houses houses are smaller than 16 IRONS WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in London.

16 IRONS WAY: Plot and Title Map

16 IRONS WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 16 IRONS WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 16 IRONS WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 16 IRONS WAY?

16 IRONS WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 16 on IRONS WAY.