2, IRONS WAY, ROMFORD, RM5 3RJ - £477,000

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.

2 IRONS WAY is a midsized extended semi-detached house of 131m², built sometime between 1950 and 1966, which could now be worth an estimated £585,365. It was last sold for £477,000 in December 2017, which was around 11% above the average December 2017 semi-detached price in the Havering local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

2 IRONS WAY Sold Prices

Land registry data shows two sales for 2 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 2 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
2017 1 DEC	£477,000	£431,191	11% above HPI
2006 18 JUL	£239,000	£241,645	1% below HPI

2 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 2 IRONS WAY sales from July 2006 and December 2017 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 July 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2017 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 2 IRONS WAY be worth now?

2 IRONS WAY might now be worth an estimated £585,365.

This is based on house price inflation of 22.7%, between December 2017 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 22.7% inflationary increase is applied to the most recent sale price for 2 IRONS WAY of £477,000 on 1st December 2017. For the value to have increased from £477,000 to £585,365 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 IRONS WAY has moved in line with the HPI for semi-detached houses in the Havering local authority area.
• The December 2017 sale price of £477,000 represented a fair market value for the property.
• The size, condition, and specification of 2 IRONS WAY has not materially changed since December 2017.

How Large is 2 IRONS WAY?

2 IRONS WAY is 131m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the smallest 50% 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 2 IRONS WAY lies on this distribution: 41% of semi-detached houses houses are smaller than 2 IRONS WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in London.

2 IRONS WAY: Plot and Title Map

2 IRONS WAY sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 2 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 2 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 2 IRONS WAY?

2 IRONS WAY is located in ROMFORD, in the RM5 postcode district. The below map shows the position of No. 2 on IRONS WAY.