-
Census 2021 Data -
Homes & Property -
Law and Order -
Jobs & Economy -
Learning & Schools -
Essential Services -
Travel & Transport -
Local Amenities -
Leisure & Recreation -
Environment
Property Price Trends
RM5 3FD
What are the historical property price trends?
Explore the yearly trends in property prices for the RM5 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
RM5
Most Expensive Property
£577,000
13 Philan Way, RM5 3YT
Sold: 01 December 2023
Cheapest Property
£175,000
8 Hillrise Road, RM5 3BG
Sold: 08 March 2024
£423,000
The average house price in Havering was £423,000 in November 2024 (provisional), up 3.1% from November 2023. Across London, there was little change in the average house price over the same period.
£1,449
Private rents rose to an average of £1,449 in December 2024, an annual increase of 10.9% from £1,306 in December 2023. This was lower than the rise in London (11.5%) over the year.
£358,000
The average price paid by first-time buyers was £358,000 in November 2024 (provisional). This was 3.5% higher than the average of £346,000 in November 2023 (revised).
£427,000
For homes bought with a mortgage, the average house price was £427,000 in November 2024 (provisional). This was 3.2% higher than the average of £414,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Havering, E09000016). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in RM5 3FD?
The graph below shows the five-year capital growth figures for properties for the RM5 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in RM5 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Essex?
Homebuyers
For homebuyers in Essex, the property market has seen steady growth in house prices over the past year. According to the latest data, the average house price in Essex is £351,000, with popular areas such as Chelmsford, Colchester, and Brentwood showing above-average price appreciation. The availability of housing stock in Essex is relatively stable, with a good variety of properties ranging from terraced houses to detached homes. However, competition among buyers remains high, especially in sought-after postcodes like CM1, CO1, and CM14. Homebuyers looking to purchase in Essex should be prepared to act quickly and make competitive offers to secure their desired property.
Renters
Rent prices in Essex have also been on the rise, with the average monthly rent for a two-bedroom property standing at around £1,200. Popular rental areas include Southend-on-Sea, Basildon, and Harlow, where demand for rental properties is high. Availability of rental stock in Essex is somewhat limited, particularly in desirable postcode regions like SS1, SS14, and CM20. Renters in Essex should be prepared to pay above-average prices and act quickly to secure a rental property in the current competitive market.
Investors
For investors looking to buy property in Essex, the market offers good potential for capital growth and rental yield. House prices have been steadily increasing, making Essex a profitable investment opportunity. Rental demand is strong in popular areas like Braintree, Billericay, and Witham, with average rental yields ranging from 4% to 6%. Availability of investment properties is moderate, with opportunities for buy-to-let properties in postcode regions such as CM7, CM11, and CM8. Investors in Essex should consider the long-term potential of the market and be prepared to act decisively to secure profitable properties.
Homebuyers
For homebuyers in Essex, the property market has seen steady growth in house prices over the past year. According to the latest data, the average house price in Essex is £351,000, with popular areas such as Chelmsford, Colchester, and Brentwood showing above-average price appreciation. The availability of housing stock in Essex is relatively stable, with a good variety of properties ranging from terraced houses to detached homes. However, competition among buyers remains high, especially in sought-after postcodes like CM1, CO1, and CM14. Homebuyers looking to purchase in Essex should be prepared to act quickly and make competitive offers to secure their desired property.
Renters
Rent prices in Essex have also been on the rise, with the average monthly rent for a two-bedroom property standing at around £1,200. Popular rental areas include Southend-on-Sea, Basildon, and Harlow, where demand for rental properties is high. Availability of rental stock in Essex is somewhat limited, particularly in desirable postcode regions like SS1, SS14, and CM20. Renters in Essex should be prepared to pay above-average prices and act quickly to secure a rental property in the current competitive market.
Investors
For investors looking to buy property in Essex, the market offers good potential for capital growth and rental yield. House prices have been steadily increasing, making Essex a profitable investment opportunity. Rental demand is strong in popular areas like Braintree, Billericay, and Witham, with average rental yields ranging from 4% to 6%. Availability of investment properties is moderate, with opportunities for buy-to-let properties in postcode regions such as CM7, CM11, and CM8. Investors in Essex should consider the long-term potential of the market and be prepared to act decisively to secure profitable properties.
Last updated on 31 Jul 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for RM5 3FD
Estimated yield for property investors
%
Yield
The estimated yield for the RM5 3FD postcode area is %, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in RM5 3FD?
The recently sold properties table lists homes around RM5 3FD that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 30 November 2023 | £363,000 | 197 Highfield Road, Romford, RM5 3AQ | Terraced | Freehold |
| 08 March 2024 | £175,000 | 8 Hillrise Road, Romford, RM5 3BG | Flat/Maisonette | Leasehold |
| 01 November 2023 | £244,500 | 171 Hillrise Road, Romford, RM5 3BW | Flat/Maisonette | Leasehold |
| 07 March 2024 | £320,000 | 263 Hillrise Road, Romford, RM5 3BZ | Semi-Detached | Freehold |
| 15 November 2023 | £400,000 | 15 Horndon Road, Collier Row, Romford, RM5 3EP | Terraced | Freehold |
| 20 February 2024 | £360,000 | 9 Horndon Green, Collier Row, Romford, RM5 3HH | Terraced | Freehold |
| 29 February 2024 | £462,000 | 235 Collier Row Lane, Romford, RM5 3JA | Semi-Detached | Freehold |
| 27 November 2023 | £475,000 | 11 Hillfoot Road, Collier Row, Romford, RM5 3LP | Semi-Detached | Freehold |
| 01 December 2023 | £550,000 | 19 Chase Cross Road, Romford, RM5 3PJ | Semi-Detached | Freehold |
| 14 December 2023 | £435,000 | 75 Faircross Avenue, Romford, RM5 3UD | Terraced | Freehold |
| 10 July 2023 | £520,000 | 77 The Drive, Collier Row, Romford, RM5 3UH | Terraced | Freehold |
| 24 October 2017 | £316,000 | 148a Chase Cross Road, Romford, RM5 3UU | Other | Freehold |
| 13 November 2023 | £315,000 | 7 Chelmsford Avenue, Romford, RM5 3UX | Semi-Detached | Leasehold |
| 04 March 2024 | £290,000 | 173 Chelmsford Avenue, Romford, RM5 3XB | Flat/Maisonette | Leasehold |
| 10 November 2023 | £412,000 | 8 Merlin Close, Romford, RM5 3YB | Terraced | Freehold |
| 01 December 2023 | £577,000 | 13 Philan Way, Romford, RM5 3YT | Detached | Freehold |
Nearby sold properties | ||||
| 10 November 2023 | £300,000 | Unit 7 Northgate Industrial Park, Romford, RM5 2BG | Other | Freehold |
| 22 November 2023 | £428,000 | 37 Cornell Way, Romford, RM5 2HN | Terraced | Freehold |
| 25 October 2023 | £400,000 | 158 Turpin Avenue, Romford, RM5 2HZ | Terraced | Freehold |
| 05 September 2022 | £245,000 | 30 Udall Gardens, Romford, RM5 2JX | Flat/Maisonette | Leasehold |
| 15 February 2024 | £513,500 | 38 Riversdale Road, Romford, RM5 2NP | Terraced | Freehold |
| 21 July 2014 | £250,000 | 35 Silvermere Avenue, Romford, RM5 2PX | Flat/Maisonette | Leasehold |
| 03 October 2023 | £400,000 | 1 Downham Close, Romford, RM5 2RD | Terraced | Freehold |
Please note that house prices for properties sold in and around RM5 3FD during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
