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House Prices in RM3 House Prices in RM3 (Romford)

The average house price in RM3 (Romford) is £384,065 using HM Land Registry data.

The average property price increased by £64,768 (16.2%) over the last 5 years and increased by £12,974 (2.62%) over the last 12 months.

Over the last year, there were 353 residential property sales – a decrease of 83 transactions (-23.51%) relative to the previous year. The majority of house sales (102) were in the £350,000 - £410,000 range. Then came properties in the £410,000 - £470,000 range, where 80 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 126 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,297 (-2%).

In January 2025, there were 93 new estate agency instructions, 45 agreed home sales and 38 property price reductions.

Nearby Postcodes: CM13, CM14, CM15, CM16, CM5, DA1, DA17, DA8, IG10, IG7, RM1, RM10, RM11, RM12, RM13, RM14, RM15, RM16, RM17, RM18, RM19, RM2, RM20, RM4, RM5, RM7, RM8, RM9, SS16, SS17

5-Year Average Property Prices in RM3 (Romford)

16.2%

Property prices in RM3 (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 RM3 (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.

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 RM3 (Romford) - January 2025

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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Paines Brook Way, Harold Hill, Romford, Greater London, RM3 9JP£400,000£380,000-£20,00024 Aug 202417 Dec 2024115 Days
10 Craven Gardens, Harold Wood, Romford, Greater London, RM3 0DF£450,000£445,000-£5,00026 Feb 202416 Dec 2024294 Days
9 Taunton Road, Romford, Greater London, RM3 7ST£465,000£455,000-£10,00016 Jul 202411 Dec 2024148 Days
36 Lucerne Way, Romford, Greater London, RM3 8BS£375,000£370,000-£5,00026 Jun 202403 Dec 2024160 Days
4 Dunstable Close, Romford, Greater London, RM3 8JD£375,000£375,000£012 Apr 202429 Nov 2024231 Days
24 Woodstock Avenue, Romford, Greater London, RM3 9NF£525,000£525,000£013 Jul 202422 Nov 2024132 Days
4 Tring Gardens, Romford, Greater London, RM3 9EP£425,000£415,000-£10,00014 Oct 202421 Nov 202438 Days
2 Craven Gardens, Harold Wood, Romford, Greater London, RM3 0DF£550,000£510,000-£40,00014 May 202415 Nov 2024185 Days
24 Firham Park Avenue, Romford, Greater London, RM3 0SJ£425,000£420,000-£5,00030 Jul 202414 Nov 2024107 Days
14 Widecombe Close, Harold Hill, Romford, Greater London, RM3 8PL£400,000£395,000-£5,00022 Aug 202412 Nov 202482 Days
26 Sunflower Way, Romford, Greater London, RM3 0XB£475,000£467,000-£8,00013 May 202411 Nov 2024182 Days
50 Ingreway, Romford, Greater London, RM3 0BW£400,000£390,000-£10,00010 Jul 202405 Nov 2024118 Days
22 Oakley Drive, Romford, Greater London, RM3 9XT£400,000£395,000-£5,00016 Mar 202405 Nov 2024234 Days
36 David Drive, Romford, Greater London, RM3 0XX£375,000£375,000£012 Jul 202201 Nov 2024843 Days
40 Edenhall Road, Romford, Greater London, RM3 7RX£350,000£340,000-£10,00030 May 202425 Oct 2024148 Days
55 The Mount, Romford, Greater London, RM3 7LJ£1,050,000£1,010,000-£40,00019 Oct 202312 Aug 2024298 Days
2 Priory Path, Romford, Greater London, RM3 9AR£775,000£775,000£013 Mar 202409 Aug 2024149 Days
3 Briars Walk, Romford, Greater London, RM3 0DH£425,000£402,500-£22,50030 Nov 202308 Aug 2024252 Days
11 Court Avenue, Romford, Greater London, RM3 0XS£475,000£475,000£005 Apr 202415 Jul 2024101 Days
22 Court Avenue, Romford, Greater London, RM3 0XS£525,000£525,000£003 Feb 202419 Jun 2024137 Days

Most Expensive Streets in RM3 (Romford)

PostcodeStreetAreaAverageNo. of Sales
RM3 0XARedden Court RoadRomford£768,2857
RM3 0NRShepherds Hill, Harold WoodRomford£705,0005
RM3 0DSThe Ridgeway, Harold WoodRomford£704,1663
RM3 9DHWincanton RoadRomford£693,0004
RM3 9ATPriory RoadRomford£685,0003
RM3 0QBAthelstan RoadRomford£673,3333
RM3 7NAChequers RoadRomford£662,8333
RM3 0TDRecreation Avenue, Harold WoodRomford£662,6663
RM3 0LRSquirrels Heath RoadRomford£658,3333
RM3 9AJTees DriveRomford£644,3333

Least Expensive Streets in RM3 (Romford)

PostcodeStreetAreaAverageNo. of Sales
RM3 7FEGoodwin WayRomford£133,6005
RM3 0FSFirwood LaneRomford£154,2005
RM3 9QBMildenhall House, Redcar RoadRomford£166,3333
RM3 0FQFirwood LaneRomford£168,87512
RM3 8XRStraight Road, Harold HillRomford£171,3333
RM3 0FRFirwood LaneRomford£172,0004
RM3 9QLCarnforth House, Petersfield AvenueRomford£174,9263
RM3 8LXRuncorn House, Kingsbridge CircusRomford£175,1663
RM3 0DNMatthews CloseRomford£175,6663
RM3 8NDLangport House, Leyburn RoadRomford£179,5003

Explore RM3 (Romford) using map

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