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Romford House Prices Romford House Prices

The average house price in Romford is £447,182 using HM Land Registry data.

The average property price increased by £93,220 (24.36%) over the last 5 years and increased by £18,636 (4.08%) over the last 12 months.

Over the last year, there were 913 residential property sales – a decrease of 378 transactions (-41.40%) relative to the previous year. The majority of house sales (251) were in the £394,000 - £476,000 range. Then came properties in the £476,000 - £558,000 range, where 168 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,379 (-2%).

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

Neighbouring Areas: Havering, Hornchurch, Chadwell Heath, Dagenham

Postcodes Covered: RM1, RM10, RM11, RM12, RM2, RM3, RM4, RM5, RM7, RM8

5-Year Average Property Prices in Romford

24.36%

Property prices in Romford increased by 24.36% 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 Romford Over the Last Year

4.08%

Property prices in Romford increased by 4.08% 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 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 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 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 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 Romford since 1995

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

Recent Property Sales in Romford

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
225 Dagenham Road, Romford, Greater London, RM7 0TP£425,000£415,000-£10,00014 Dec 202319 Aug 2024249 Days
26 Sims Close, Romford, Greater London, RM1 3QT£425,000£417,500-£7,50010 Aug 202316 Aug 2024372 Days
124 Main Road, Romford, Greater London, RM2 5HS£780,000£762,500-£17,50009 Apr 202415 Aug 2024128 Days
27 Seabrook Gardens, Romford, Greater London, RM7 0EU£575,000£565,000-£10,00029 Jan 202409 Aug 2024193 Days
328 South Street, Romford, Greater London, RM1 2AJ£600,000£547,500-£52,50008 Mar 202402 Aug 2024147 Days
7 Campion Close, Rush Green, Romford, Greater London, RM7 0WX£265,000£265,000£0030 Oct 202302 Aug 2024277 Days
66 Hyland Way, Hornchurch, Greater London, RM11 1DY£515,000£500,000-£15,00003 Apr 202401 Aug 2024120 Days
470 Upper Brentwood Road, Romford, Greater London, RM2 6JB£700,000£660,000-£40,00014 Sep 202331 Jul 2024321 Days
125 Balgores Lane, Romford, Greater London, RM2 6BT£650,000£645,000-£5,00011 Jan 202430 Jul 2024201 Days
2 Bell Farm Avenue, Dagenham, Greater London, RM10 7BA£370,000£360,000-£10,00017 Aug 202326 Jul 2024344 Days
169 Ardleigh Green Road, Hornchurch, Greater London, RM11 2LF£720,000£708,000-£12,00015 Apr 202426 Jul 2024102 Days
72 Amery Gardens, Romford, Greater London, RM2 6RU£500,000£480,000-£20,00021 Mar 202426 Jul 2024127 Days
25 Shelley Avenue, Hornchurch, Greater London, RM12 4BT£475,000£465,000-£10,00024 Feb 202425 Jul 2024152 Days
14 Pett Close, Hornchurch, Greater London, RM11 1FF£725,000£725,000£0013 Jan 202422 Jul 2024191 Days
83 Cranham Road, Hornchurch, Greater London, RM11 2AD£449,995£430,000-£19,99508 Jan 202419 Jul 2024193 Days
16 Brooklands Road, Romford, Greater London, RM7 7DX£460,000£435,000-£25,00029 Feb 202419 Jul 2024141 Days
14 Lodge Avenue, Romford, Greater London, RM2 5AL£725,000£702,500-£22,50022 Feb 202416 Jul 2024145 Days
51 Birch Crescent, Hornchurch, Greater London, RM11 2NN£400,000£388,000-£12,00019 Feb 202410 Jul 2024142 Days
55 Amery Gardens, Romford, Greater London, RM2 6RX£800,000£780,000-£20,00007 May 202405 Jul 202459 Days
64 Primrose Glen, Hornchurch, Greater London, RM11 2NP£595,000£590,000-£5,00009 Oct 202304 Jul 2024269 Days

Most Expensive Streets in Romford

PostcodeStreetAreaAverageNo. of Sales
RM2 6NBLinks AvenueRomford£1,484,0005
RM11 1NTHarrow DriveHornchurch£1,320,0004
RM2 5NSBroadwayRomford£1,313,3333
RM2 5NTParkwayRomford£1,156,2504
RM2 5PBReed Pond WalkRomford£1,128,7504
RM2 5PAParkwayRomford£1,090,0004
RM11 1NXHarrow DriveHornchurch£1,047,2857
RM2 6NHLinks AvenueRomford£1,028,3333
RM2 6NDLinks AvenueRomford£1,000,0006
RM2 6ADSquirrels Heath AvenueRomford£978,0005

Least Expensive Streets in Romford

PostcodeStreetAreaAverageNo. of Sales
RM1 2DEMerritt HouseFrazer Close£118,56714
RM7 7JEFernleigh CourtRomford£119,0005
RM1 3LNAdmiral LodgeRomford£129,7836
RM1 3QZWatermansRomford£147,10010
RM1 1NJSouth StreetRomford£149,1254
RM3 8XRStraight RoadHarold Hill£171,3333
RM2 6EWSquirrels Heath LaneRomford£171,4287
RM11 2DBHaynes Park CourtSlewins Close£176,7504
RM7 0DUVignoles RoadRomford£178,5717
RM3 8NDLangport HouseLeyburn Road£179,5003

Explore Romford and Neighbouring Area House Prices

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