3, SIMS CLOSE, ROMFORD, RM1 3QT - £690,000

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.

3 SIMS CLOSE is a very large extended detached house of 169m², built sometime between 1967 and 1975, which could now be worth an estimated £802,337. It was last sold for £690,000 in August 2020, which was around 2% below the average August 2020 detached price in the Havering local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

3 SIMS CLOSE Sold Prices

Land registry data shows three sales for 3 SIMS CLOSE 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 3 SIMS 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
2020 28 AUG	£690,000	£705,113	2% below HPI
2002 26 APR	£230,000	£266,270	14% below HPI
1997 31 JUL	£120,000	£146,592	18% below HPI

3 SIMS CLOSE 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 3 SIMS CLOSE sales between July 1997 and August 2020 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 April 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 3 SIMS CLOSE be worth now?

3 SIMS CLOSE might now be worth an estimated £802,337.

This is based on house price inflation of 16.3%, between August 2020 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 16.3% inflationary increase is applied to the most recent sale price for 3 SIMS CLOSE of £690,000 on 28th August 2020. For the value to have increased from £690,000 to £802,337 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 3 SIMS CLOSE has moved in line with the HPI for detached houses in the Havering local authority area.
• The August 2020 sale price of £690,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SIMS CLOSE has not materially changed since August 2020.

How Large is 3 SIMS CLOSE?

3 SIMS CLOSE is 169m², which includes four extensions, according to the EPC inspection conducted in January 2020. This puts it in the largest 20% of detached houses houses in Romford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romford, and where 3 SIMS CLOSE lies on this distribution: 80% of detached houses houses are smaller than 3 SIMS CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Romford.

3 SIMS CLOSE: Plot and Title Map

3 SIMS CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 3 SIMS CLOSE, 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 3 SIMS CLOSE). 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 3 SIMS CLOSE?

3 SIMS CLOSE is located in ROMFORD, in the RM1 postcode district. The below map shows the position of No. 3 on SIMS CLOSE.