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House Prices in RM3

The average house price in RM3 (Romford) is £382,266 using HM Land Registry data.

The average property price increased by £75,766 (16.2%) over the last 5 years and increased by £15,181 (2.62%) over the last 12 months.

Over the last year, there were 316 residential property sales – a decrease of 129 transactions (-40.82%) relative to the previous year. The majority of house sales (90) were in the £348,000 - £412,000 range. Then came properties in the £412,000 - £476,000 range, where 76 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,080 (-2%).

In Oct 24, there were 80 new estate agency instructions, 76 agreed home sales and 46 property price reductions.

5-Year Average Property Prices in RM3 (Romford)

16.2%

Property prices in Romford increased by 16.2% 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 RM3 (Romford) Over the Last Year

2.62%

Property prices in Romford 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.

Property Market Heat Gauge for RM3 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 RM3 (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 RM3 (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 RM3 (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 RM3 (Romford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM3 postcode area since 1995.

Recent Sales in RM3 (Romford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
55 The Mount, Romford, Greater London, RM3 7LJ	£1,050,000	£1,010,000	-£40,000	19 Oct 2023	12 Aug 2024	298 Days
2 Priory Path, Romford, Greater London, RM3 9AR	£775,000	£775,000	£00	13 Mar 2024	09 Aug 2024	149 Days
3 Briars Walk, Romford, Greater London, RM3 0DH	£425,000	£402,500	-£22,500	30 Nov 2023	08 Aug 2024	252 Days
11 Court Avenue, Romford, Greater London, RM3 0XS	£475,000	£475,000	£00	05 Apr 2024	15 Jul 2024	101 Days
22 Court Avenue, Romford, Greater London, RM3 0XS	£525,000	£525,000	£00	03 Feb 2024	19 Jun 2024	137 Days
19 Columbine Way, Romford, Greater London, RM3 0XN	£275,000	£273,000	-£2,000	12 Feb 2024	18 Jun 2024	127 Days
85 St Neots Road, Romford, Greater London, RM3 9LT	£400,000	£390,000	-£10,000	21 Aug 2023	12 Jun 2024	296 Days
61 Juniper Way, Romford, Greater London, RM3 0XQ	£550,000	£550,000	£00	03 Nov 2023	10 Jun 2024	220 Days
38 Stratton Road, Romford, Greater London, RM3 9UD	£270,000	£270,000	£00	02 Oct 2023	24 May 2024	235 Days
70 Bedale Road, Romford, Greater London, RM3 9TU	£450,000	£435,000	-£15,000	06 Nov 2023	24 May 2024	200 Days
22 Firham Park Avenue, Romford, Greater London, RM3 0SJ	£450,000	£445,000	-£5,000	18 Jan 2024	22 May 2024	125 Days
76 Church Road, Harold Wood, Romford, Greater London, RM3 0SH	£435,000	£430,000	-£5,000	02 Jan 2024	20 May 2024	139 Days
23 Sunflower Way, Romford, Greater London, RM3 0XB	£280,000	£275,000	-£5,000	11 Dec 2023	03 May 2024	144 Days
1 Troopers Drive, Romford, Greater London, RM3 9DE	£475,000	£465,000	-£10,000	07 Nov 2023	24 Apr 2024	169 Days
10 Stanwyck Gardens, Romford, Greater London, RM3 7JU	£375,000	£375,000	£00	17 Jul 2023	16 Apr 2024	274 Days
76 Hamilton Drive, Romford, Greater London, RM3 0UU	£210,000	£207,500	-£2,500	11 May 2023	16 Apr 2024	341 Days
59 Masefield Crescent, Romford, Greater London, RM3 7PB	£400,000	£390,000	-£10,000	13 Nov 2023	12 Apr 2024	151 Days
55 Archway, Romford, Greater London, RM3 7EH	£340,000	£340,000	£00	09 Nov 2023	05 Apr 2024	148 Days
57 Sheffield Drive, Romford, Greater London, RM3 9YB	£425,000	£415,000	-£10,000	05 Oct 2023	03 Apr 2024	181 Days
7 Sevenoaks Close, Romford, Greater London, RM3 7EE	£175,000	£172,750	-£2,250	18 Nov 2023	28 Mar 2024	131 Days

Most Expensive Streets in RM3 (Romford)

Postcode	Street	Area	Average	No. of Sales
RM3 0XA	Redden Court Road	Romford	£768,285	7
RM3 0NR	Shepherds Hill, Harold Wood	Romford	£705,000	5
RM3 9DH	Wincanton Road	Romford	£693,000	4
RM3 9AT	Priory Road	Romford	£685,000	3
RM3 0QB	Athelstan Road	Romford	£673,333	3
RM3 0TD	Recreation Avenue, Harold Wood	Romford	£662,666	3
RM3 0LR	Squirrels Heath Road	Romford	£658,333	3
RM3 9AJ	Tees Drive	Romford	£644,333	3
RM3 9AP	Priory Road	Romford	£642,000	4
RM3 0JY	Elderberry Close	Romford	£637,250	4

Least Expensive Streets in RM3 (Romford)

Postcode	Street	Area	Average	No. of Sales
RM3 7FE	Goodwin Way	Romford	£125,714	7
RM3 0FS	Firwood Lane	Romford	£154,200	5
RM3 0FQ	Firwood Lane	Romford	£163,538	13
RM3 0DN	Matthews Close	Romford	£169,000	3
RM3 8XR	Straight Road, Harold Hill	Romford	£171,333	3
RM3 0FR	Firwood Lane	Romford	£173,500	3
RM3 9QL	Carnforth House, Petersfield Avenue	Romford	£174,926	3
RM3 8ND	Langport House, Leyburn Road	Romford	£179,500	3
RM3 7EW	Loxley Court	Romford	£193,666	3
RM3 9NX	Harkness Close	Romford	£196,571	7