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House Prices in RM12 House Prices in RM12 (Hornchurch)

The average house price in RM12 (Hornchurch) is £442,527 using HM Land Registry data.

The average property price increased by £83,468 (16.21%) over the last 5 years and increased by £16,724 (2.62%) over the last 12 months.

Over the last year, there were 293 residential property sales – a decrease of 83 transactions (-28.33%) relative to the previous year. The majority of house sales (91) were in the £422,000 - £488,000 range. Then came properties in the £356,000 - £422,000 range, where 61 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,368 (-1%).

In Oct 24, there were 86 new estate agency instructions, 75 agreed home sales and 26 property price reductions.

Nearby Postcodes: CM13, CM14, DA1, DA17, DA8, RM1, RM10, RM11, RM13, RM14, RM15, RM16, RM17, RM18, RM19, RM2, RM20, RM3, RM4, RM5, RM6, RM7, RM8, RM9, SS16, SS17

5-Year Average Property Prices in RM12 (Hornchurch)

16.21%

Property prices in Hornchurch increased by 16.21% 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 RM12 (Hornchurch) Over the Last Year

2.62%

Property prices in Hornchurch increased by 2.62% 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.

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).

Property Market Heat Gauge for RM12 (Hornchurch) - 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 RM12 (Hornchurch)

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 RM12 (Hornchurch)

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 RM12 (Hornchurch)

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 RM12 (Hornchurch) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM12 postcode area since 1995.

Recent Sales in RM12 (Hornchurch)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
365 South End Road, Hornchurch, Greater London, RM12 5NA£350,000£340,000-£10,00010 Oct 202309 Aug 2024304 Days
7 Beulah Road, Hornchurch, Greater London, RM12 4YR£515,000£515,000£0011 Jan 202405 Aug 2024207 Days
Flat 27, Draper Court, Mavis Grove, Hornchurch, Greater London, RM12 6BN£250,000£240,000-£10,00023 Aug 202326 Jul 2024338 Days
18 Ravenscourt Drive, Hornchurch, Greater London, RM12 6HL£875,000£860,000-£15,00026 Feb 202426 Jul 2024151 Days
31 Elm Park Avenue, Elm Park, Hornchurch, Greater London, RM12 4SP£400,000£400,000£0021 Mar 202426 Jul 2024127 Days
25 Shelley Avenue, Hornchurch, Greater London, RM12 4BT£475,000£465,000-£10,00024 Feb 202425 Jul 2024152 Days
142 Abbs Cross Gardens, Hornchurch, Greater London, RM12 4XA£175,000£172,500-£2,50026 Dec 202316 Jul 2024203 Days
123 Laburnum Walk, Elm Park, Hornchurch, Greater London, RM12 5RJ£550,000£540,000-£10,00022 Jan 202415 Jul 2024175 Days
4 Veny Crescent, Hornchurch, Greater London, RM12 6TJ£425,000£425,000£0008 Mar 202403 Jul 2024117 Days
32 Hacton Lane, Hornchurch, Greater London, RM12 6PB£450,000£420,000-£30,00025 Sep 202327 Jun 2024276 Days
139 Station Lane, Hornchurch, Greater London, RM12 6LJ£475,000£462,000-£13,00011 Feb 202424 Jun 2024134 Days
1 Urban Avenue, Hornchurch, Greater London, RM12 4NU£400,000£400,000£0010 Nov 202314 Jun 2024217 Days
19 Tylers Crescent, Hornchurch, Greater London, RM12 6SY£685,000£685,000£0004 Mar 202414 Jun 2024102 Days
11 Ascot Gardens, Hornchurch, Greater London, RM12 6SP£600,000£590,000-£10,00021 Feb 202407 Jun 2024107 Days
46 Kent Drive, Hornchurch, Greater London, RM12 6TB£475,000£445,000-£30,00029 Nov 202307 Jun 2024191 Days
16b, Woburn Avenue, Hornchurch, Greater London, RM12 4NG£450,000£450,000£0020 Feb 202406 Jun 2024107 Days
Flat 9, Petands Court, Randall Drive, Hornchurch, Greater London, RM12 6QT£310,000£302,500-£7,50019 Oct 202303 Jun 2024228 Days
Flat 6, Maybank Lodge, Maybank Avenue, Hornchurch, Greater London, RM12 5SF£270,000£265,000-£5,00005 Sep 202331 May 2024269 Days
21 Wood Lane, Hornchurch, Greater London, RM12 5HU£475,000£455,000-£20,00006 Feb 202430 May 2024114 Days
59 Coronation Drive, Hornchurch, Greater London, RM12 5BT£575,000£560,000-£15,00011 Oct 202324 May 2024226 Days

Most Expensive Streets in RM12 (Hornchurch)

PostcodeStreetAreaAverageNo. of Sales
RM12 6HAMill Park AvenueHornchurch£886,6663
RM12 6HSRavenscourt GroveHornchurch£700,6005
RM12 6HDMill Park AvenueHornchurch£693,10010
RM12 6SWSpingate CloseHornchurch£678,3333
RM12 5QTSpringbank AvenueHornchurch£637,0004
RM12 6PTHighfield RoadHornchurch£636,2504
RM12 6HLRavenscourt DriveHornchurch£633,3333
RM12 6SYTylers CrescentHornchurch£629,2504
RM12 6QBHighfield CrescentHornchurch£625,2005
RM12 4JSStanley RoadHornchurch£615,6663

Least Expensive Streets in RM12 (Hornchurch)

PostcodeStreetAreaAverageNo. of Sales
RM12 4XFVictor CourtHornchurch£174,3333
RM12 4XAAbbs Cross GardensHornchurch£181,10010
RM12 5NHOrchard Court, Wood LaneHornchurch£185,3333
RM12 4YJDiban CourtHornchurch£201,3758
RM12 4FJHammond Court, Grenfell AvenueHornchurch£208,2147
RM12 4FHSpencer Court, Eyhurst AvenueHornchurch£209,6663
RM12 6TQLatimer DriveHornchurch£210,0005
RM12 6TNLatimer DriveHornchurch£218,97017
RM12 6TGNaunton WayHornchurch£221,7147
RM12 6JLStation LaneHornchurch£226,6663

Explore RM12 (Hornchurch) using map

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