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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 SIMS CLOSE is a large extended detached house of 169m², built sometime between 1967 and 1975. It was last sold for £690,000 in August 2020, which was around 3% 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	£712,619	3% below HPI
2002 26 APR	£230,000	£269,104	15% below HPI
1997 31 JUL	£120,000	£148,152	19% 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2020 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

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 in Romford, based on EPC data. The below chart shows the distribution of detached houses by size in Romford, and where 3 SIMS CLOSE lies on this distribution: 80% of detached 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.