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House Prices in RM2

The average house price in RM2 (Romford) is £547,541 using HM Land Registry data.

The average property price increased by £31,254 (13.84%) over the last 5 years and increased by £6,262 (2.27%) over the last 12 months.

Over the last year, there were 156 residential property sales – a decrease of 61 transactions (-39.10%) relative to the previous year. The majority of house sales (37) were in the £482,000 - £588,000 range. Then came properties in the £376,000 - £482,000 range, where 26 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 86 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-27,475 (-4%).

In Oct 24, there were 32 new estate agency instructions, 29 agreed home sales and 23 property price reductions.

5-Year Average Property Prices in RM2 (Romford)

13.84%

Property prices in Romford increased by 13.84% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in RM2 (Romford) Over the Last Year

2.27%

Property prices in Romford increased by 2.27% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for RM2 (Romford) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in RM2 (Romford)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in RM2 (Romford)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in RM2 (Romford)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the RM2 (Romford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM2 postcode area since 1995.

Recent Sales in RM2 (Romford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
124 Main Road, Romford, Greater London, RM2 5HS	£780,000	£762,500	-£17,500	09 Apr 2024	15 Aug 2024	128 Days
470 Upper Brentwood Road, Romford, Greater London, RM2 6JB	£700,000	£660,000	-£40,000	14 Sep 2023	31 Jul 2024	321 Days
125 Balgores Lane, Romford, Greater London, RM2 6BT	£650,000	£645,000	-£5,000	11 Jan 2024	30 Jul 2024	201 Days
72 Amery Gardens, Romford, Greater London, RM2 6RU	£500,000	£480,000	-£20,000	21 Mar 2024	26 Jul 2024	127 Days
14 Lodge Avenue, Romford, Greater London, RM2 5AL	£725,000	£702,500	-£22,500	22 Feb 2024	16 Jul 2024	145 Days
55 Amery Gardens, Romford, Greater London, RM2 6RX	£800,000	£780,000	-£20,000	07 May 2024	05 Jul 2024	59 Days
36 South Block, The Railstore, Kidman Close, Romford, Greater London, RM2 6JH	£300,000	£300,000	£00	17 Nov 2023	28 Jun 2024	224 Days
53 Balgores Lane, Romford, Greater London, RM2 5JU	£750,000	£730,000	-£20,000	09 Apr 2024	21 Jun 2024	73 Days
Brookside, Heaton Grange Road, Romford, Greater London, RM2 5PP	£900,000	£870,000	-£30,000	13 Feb 2024	12 Jun 2024	120 Days
14 Margaret Close, Romford, Greater London, RM2 5SJ	£450,000	£440,000	-£10,000	05 Mar 2024	03 Jun 2024	90 Days
13 Risebridge Road, Romford, Greater London, RM2 5PR	£900,000	£900,000	£00	15 Jan 2024	17 May 2024	123 Days
500 Upper Brentwood Road, Romford, Greater London, RM2 6JA	£650,000	£635,000	-£15,000	23 Oct 2023	14 May 2024	204 Days
1 Broadway, Romford, Greater London, RM2 5NS	£2,000,000	£1,900,000	-£100,000	03 Jun 2023	26 Apr 2024	328 Days
93 Amery Gardens, Romford, Greater London, RM2 6RS	£450,000	£436,500	-£13,500	11 Oct 2023	16 Apr 2024	188 Days
19 Chalforde Gardens, Romford, Greater London, RM2 6BU	£325,000	£325,000	£00	06 Mar 2024	28 Mar 2024	22 Days
358 Brentwood Road, Romford, Greater London, RM2 5TD	£500,000	£500,000	£00	28 Apr 2023	28 Mar 2024	335 Days
88 Belgrave Avenue, Romford, Greater London, RM2 6PU	£500,000	£492,500	-£7,500	18 Dec 2023	27 Mar 2024	100 Days
39 Links Avenue, Romford, Greater London, RM2 6NB	£2,250,000	£2,120,000	-£130,000	29 Aug 2023	22 Mar 2024	206 Days
40 Cambridge Avenue, Romford, Greater London, RM2 6QU	£475,000	£475,000	£00	09 Oct 2023	22 Mar 2024	165 Days
41 Parkway, Romford, Greater London, RM2 5PL	£1,000,000	£970,000	-£30,000	05 Sep 2023	15 Mar 2024	192 Days

Most Expensive Streets in RM2 (Romford)

Postcode	Street	Area	Average	No. of Sales
RM2 6NB	Links Avenue	Romford	£1,484,000	5
RM2 5NS	Broadway	Romford	£1,313,333	3
RM2 5NT	Parkway	Romford	£1,156,250	4
RM2 5PB	Reed Pond Walk	Romford	£1,128,750	4
RM2 5PA	Parkway	Romford	£1,090,000	4
RM2 6NH	Links Avenue	Romford	£1,028,333	3
RM2 6ND	Links Avenue	Romford	£1,000,000	6
RM2 6AD	Squirrels Heath Avenue	Romford	£978,000	5
RM2 6EJ	Castellan Avenue	Romford	£973,750	4
RM2 6NJ	Links Avenue	Romford	£910,000	3

Least Expensive Streets in RM2 (Romford)

Postcode	Street	Area	Average	No. of Sales
RM2 6EW	Squirrels Heath Lane	Romford	£171,428	7
RM2 6GH	Tallis Court, Kidman Close	Romford	£216,550	30
RM2 6JD	Wellington House, Kidman Close	Romford	£223,111	9
RM2 6GD	Coopers Court, Kidman Close	Romford	£225,083	12
RM2 5PS	Royle Close	Romford	£231,833	6
RM2 6RJ	Ferguson Court	Romford	£233,785	7
RM2 6EU	Brent Court, Compton Avenue	Romford	£240,312	4
RM2 5UQ	Scholars Way	Romford	£262,000	4
RM2 5SY	Kingsley Court	Romford	£264,000	3
RM2 6DL	Squirrels Court, Squirrels Heath Lane	Romford	£268,625	4