18, IRONS WAY, ROMFORD, RM5 3RJ - £395,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 IRONS WAY is a small extended detached house of 125m², built sometime between 1967 and 1975. It was last sold for £395,000 in January 2021, which was around 46% below the average January 2021 detached price in the Havering local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

18 IRONS WAY Sold Prices

Land registry data shows two sales for 18 IRONS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havering local authority area for the corresponding sale date. Both of the two 18 IRONS WAY 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 6 JAN	£395,000	£725,043	46% below HPI
2018 1 AUG	£400,000	£707,768	43% below HPI

18 IRONS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havering local authority area over time, sourced from the HPI. The two 18 IRONS WAY sales from August 2018 and January 2021 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 August 2018 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the January 2021 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 18 IRONS WAY?

18 IRONS WAY is 125m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 18 IRONS WAY lies on this distribution: 37% of detached houses are smaller than 18 IRONS WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in London.

18 IRONS WAY: Plot and Title Map

18 IRONS WAY sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 18 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 18 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 18 IRONS WAY?

18 IRONS WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 18 on IRONS WAY.