1D, IRONS WAY, ROMFORD, RM5 3RJ - £357,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1D IRONS WAY is a very small detached house of 75m², built sometime between 2007 and 2011, which could now be worth an estimated £408,996. It was last sold for £357,000 in August 2021, which was around 50% below the average August 2021 detached price in the Havering local authority area. The most recent EPC inspection was January 2025, where the current energy rating was C, and the potential energy rating was B.

1D IRONS WAY Sold Prices

Land registry data shows three sales for 1D IRONS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Havering local authority area for the corresponding sale date. All of the three 1D 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 13 AUG	£357,000	£715,674	50% below HPI
2015 22 MAY	£307,500	£529,328	42% below HPI
2007 7 DEC	£309,995	£437,919	29% below HPI

1D 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 three 1D IRONS WAY sales between December 2007 and August 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 May 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2021 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 1D IRONS WAY be worth now?

1D IRONS WAY might now be worth an estimated £408,996.

This is based on house price inflation of 14.6%, between August 2021 and February 2025, for 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 14.6% inflationary increase is applied to the most recent sale price for 1D IRONS WAY of £357,000 on 13th August 2021. For the value to have increased from £357,000 to £408,996 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 1D IRONS WAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The August 2021 sale price of £357,000 represented a fair market value for the property.
• The size, condition, and specification of 1D IRONS WAY has not materially changed since August 2021.

How Large is 1D IRONS WAY?

1D IRONS WAY is 75m² according to the EPC inspection conducted in January 2025. This puts it in the smallest 10% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 1D IRONS WAY lies on this distribution: 6% of detached houses houses are smaller than 1D IRONS WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in London.

1D IRONS WAY: Plot and Title Map

1D IRONS WAY sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 1D 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 1D 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 1D IRONS WAY?

1D IRONS WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 1D on IRONS WAY.