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House Prices in RM4

The average house price in RM4 (Romford) is £0 using HM Land Registry data.

The average property price increased by £114,408 (32.11%) over the last 5 years and increased by £22,923 (4.65%) over the last 12 months.

Over the last year, there were 33 residential property sales – a decrease of 14 transactions (-42.42%) relative to the previous year. The majority of house sales (12) were in the £370,000 - £536,000 range. Then came properties in the £536,000 - £702,000 range, where 6 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-20,666 (-2%).

In Oct 24, there were 16 new estate agency instructions, 10 agreed home sales and 8 property price reductions.

5-Year Average Property Prices in RM4 (Romford)

32.11%

Property prices in Romford increased by 32.11% 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 RM4 (Romford) Over the Last Year

4.65%

Property prices in Romford increased by 4.65% 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 RM4 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 RM4 (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 RM4 (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 RM4 (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 RM4 (Romford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM4 postcode area since 1995.

Recent Sales in RM4 (Romford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
6 Alderwood Drive, Abridge, Romford, Essex, RM4 1DP	£500,000	£487,500	-£12,500	15 Aug 2023	21 Jun 2024	311 Days
15 Orchid Close, Abridge, Romford, Essex, RM4 1DF	£220,000	£220,000	£00	26 Sep 2023	05 Feb 2024	132 Days
7 Ongar Road, Abridge, Romford, Essex, RM4 1UB	£800,000	£735,000	-£65,000	11 Oct 2023	01 Feb 2024	113 Days
94 Hoe Lane, Abridge, Romford, Essex, RM4 1AU	£2,500,000	£2,300,000	-£200,000	09 Sep 2023	01 Feb 2024	145 Days
Glendale, Orange Tree Hill, Havering-atte-bower, Romford, Greater London, RM4 1PB	£500,000	£330,000	-£170,000	31 Aug 2022	08 Dec 2023	464 Days
The White Lodge, Orange Tree Hill, Havering-atte-bower, Romford, Greater London, RM4 1PJ	£675,000	£643,000	-£32,000	23 Feb 2023	05 Oct 2023	224 Days
9 Field Close, Abridge, Romford, Essex, RM4 1DL	£535,000	£500,000	-£35,000	31 May 2023	18 Sep 2023	110 Days
17 Field Close, Abridge, Romford, Essex, RM4 1DL	£650,000	£630,000	-£20,000	25 Apr 2023	25 Aug 2023	122 Days
94 Ongar Road, Abridge, Romford, Essex, RM4 1UL	£1,200,000	£1,115,000	-£85,000	26 Apr 2023	24 Aug 2023	120 Days
Dalmally, North Road, Havering-atte-bower, Romford, Greater London, RM4 1PX	£600,000	£600,000	£00	19 Apr 2023	28 Jul 2023	100 Days
65 London Road, Abridge, Romford, Essex, RM4 1XH	£650,000	£610,000	-£40,000	03 Nov 2022	14 Jul 2023	253 Days
88 London Road, Abridge, Romford, Essex, RM4 1XP	£935,000	£913,000	-£22,000	11 Nov 2022	22 Jun 2023	223 Days
Green Farm South, Albyns Lane, Stapleford Tawney, Romford, Essex, RM4 1RX	£1,100,000	£920,000	-£180,000	07 Sep 2022	07 Jun 2023	273 Days
The Oaks, Broxhill Road, Havering-atte-bower, Romford, Greater London, RM4 1QJ	£1,200,000	£700,000	-£500,000	14 Sep 2021	18 Mar 2023	550 Days
12 Orchid Close, Abridge, Romford, Essex, RM4 1DF	£225,000	£215,000	-£10,000	12 Jul 2022	06 Jan 2023	178 Days
Colyton, Tysea Hill, Stapleford Abbotts, Romford, Essex, RM4 1JP	£725,000	£700,000	-£25,000	27 Jun 2022	30 Nov 2022	156 Days
10 Knights Walk, Abridge, Romford, Essex, RM4 1DR	£500,000	£495,000	-£5,000	28 Apr 2022	27 Sep 2022	152 Days
28 London Road, Abridge, Romford, Essex, RM4 1UX	£550,000	£520,000	-£30,000	25 May 2022	26 Aug 2022	93 Days
Penwarden, North Road, Havering-atte-bower, Romford, Greater London, RM4 1PX	£550,000	£550,000	£00	04 Nov 2020	12 Aug 2022	646 Days
18 Orchid Close, Abridge, Romford, Essex, RM4 1DF	£295,000	£290,500	-£4,500	07 Feb 2022	02 Aug 2022	176 Days

Most Expensive Streets in RM4 (Romford)

Postcode	Street	Area	Average	No. of Sales
RM4 1AU	Hoe Lane, Abridge	Romford	£1,805,000	5
RM4 1PE	Kiln Wood Lane, Havering-atte-bower	Romford	£1,105,000	3
RM4 1EJ	Stapleford Road, Stapleford Abbotts	Romford	£997,500	3
RM4 1HG	The Paddocks, Stapleford Abbotts	Romford	£962,500	5
RM4 1EH	Oak Hill Road, Stapleford Abbotts	Romford	£951,250	4
RM4 1LT	Bournebridge Lane, Stapleford Abbotts	Romford	£937,650	10
RM4 1JL	Abbotts Way, Stapleford Abbotts	Romford	£886,694	9
RM4 1ST	Epping Lane, Stapleford Tawney	Romford	£855,000	3
RM4 1JJ	Oak Hill Road, Stapleford Abbotts	Romford	£841,000	5
RM4 1PL	The Green, Havering-atte-bower	Romford	£791,666	3

Least Expensive Streets in RM4 (Romford)

Postcode	Street	Area	Average	No. of Sales
RM4 1DF	Orchid Close, Abridge	Romford	£217,750	8
RM4 1UE	The Chestnuts, Abridge	Romford	£317,333	3
RM4 1PP	Fairlight Villas, Havering-atte-bower	Romford	£351,142	7
RM4 1DH	Alderwood Close, Abridge	Romford	£379,000	5
RM4 1BN	Ongar Road, Abridge	Romford	£383,000	3
RM4 1PA	Rowland Walk, Havering-atte-bower	Romford	£397,333	3
RM4 1BA	Abridge Mews, Abridge	Romford	£439,166	3
RM4 1PB	Orange Tree Hill, Havering-atte-bower	Romford	£441,666	3
RM4 1UA	Market Place, Abridge	Romford	£441,850	10
RM4 1DP	Alderwood Drive, Abridge	Romford	£469,375	4