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House Prices in RM5 House Prices in RM5 (Romford)

The average house price in RM5 (Romford) is £463,062 using HM Land Registry data.

The average property price increased by £98,102 (11.06%) over the last 5 years and increased by £19,652 (1.86%) over the last 12 months.

Over the last year, there were 161 residential property sales – a decrease of 19 transactions (-11.80%) relative to the previous year. The majority of house sales (45) were in the £396,000 - £444,000 range. Then came properties in the £444,000 - £492,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 192 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,040 (-1%).

In January 2025, there were 24 new estate agency instructions, 27 agreed home sales and 12 property price reductions.

Nearby Postcodes: CM13, CM14, CM16, CM5, DA1, DA17, DA8, IG10, IG2, IG3, IG6, IG7, IG8, IG9, RM1, RM10, RM11, RM12, RM13, RM14, RM15, RM16, RM17, RM18, RM19, RM2, RM20, RM3, RM4, RM6, RM7, RM8, RM9, SS16, SS17

5-Year Average Property Prices in RM5 (Romford)

11.06%

Property prices in RM5 (Romford) increased by 11.06% 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 RM5 (Romford) Over the Last Year

1.86%

Property prices in RM5 (Romford) increased by 1.86% 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 RM5 (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 RM5 (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 RM5 (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 RM5 (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 RM5 (Romford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM5 postcode area since 1995.

Recent Sales in RM5 (Romford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
18 Sheila Road, Romford, Greater London, RM5 2NX£419,995£205,621-£214,37407 Apr 201718 Dec 20242812 Days
90 Hillrise Road, Romford, Greater London, RM5 3BQ£450,000£450,000£003 May 202429 Oct 2024179 Days
22 Chase Cross Road, Romford, Greater London, RM5 3PR£425,000£418,000-£7,00015 Aug 202429 Oct 202475 Days
44 Victoria Avenue, Romford, Greater London, RM5 2QD£475,000£470,000-£5,00001 Jan 202425 Oct 2024298 Days
22 Ravenswood Close, Romford, Greater London, RM5 2UD£500,000£495,000-£5,00006 Jul 202425 Oct 2024111 Days
75 Lynwood Drive, Romford, Greater London, RM5 2QT£550,000£550,000£012 Apr 202425 Sep 2024166 Days
24 Fry Close, Romford, Greater London, RM5 2QE£425,000£420,000-£5,00015 May 202420 Sep 2024128 Days
15 Mount Pleasant Road, Romford, Greater London, RM5 3YP£500,000£490,000-£10,00015 Feb 202419 Sep 2024217 Days
36 Felstead Road, Romford, Greater London, RM5 3RH£460,000£460,000£007 Jun 202406 Sep 202491 Days
25 Ashvale Gardens, Romford, Greater London, RM5 3QA£420,000£420,000£012 Feb 202428 Aug 2024198 Days
27a, Erith Crescent, Romford, Greater London, RM5 3JP£265,000£261,500-£3,50006 Jan 202428 Jun 2024174 Days
106 Lynwood Drive, Romford, Greater London, RM5 2QT£550,000£533,000-£17,00021 Feb 202414 Jun 2024114 Days
143 Chelmsford Avenue, Romford, Greater London, RM5 3XB£300,000£300,000£018 Aug 202312 Jun 2024299 Days
19 Hainault Road, Romford, Greater London, RM5 3AA£525,000£480,000-£45,00018 Mar 202430 May 202473 Days
33 Chase Cross Road, Romford, Greater London, RM5 3PJ£260,000£250,000-£10,00013 Oct 202323 May 2024223 Days
11 Patmore Way, Romford, Greater London, RM5 2HE£425,000£420,000-£5,00030 Jan 202417 May 2024108 Days
31 Norman Close, Romford, Greater London, RM5 3EJ£475,000£460,000-£15,00007 Oct 202330 Apr 2024206 Days
55 Hillfoot Avenue, Romford, Greater London, RM5 3LJ£450,000£440,000-£10,00008 Jan 202419 Apr 2024102 Days
76 Udall Gardens, Romford, Greater London, RM5 2LA£400,000£390,000-£10,00031 May 202312 Apr 2024317 Days
117 Carter Drive, Romford, Greater London, RM5 2UU£350,000£350,000£008 Jan 202428 Mar 202480 Days

Most Expensive Streets in RM5 (Romford)

PostcodeStreetAreaAverageNo. of Sales
RM5 3PRChase Cross RoadRomford£602,6663
RM5 3ASHainault RoadRomford£543,7504
RM5 3THLawns WayRomford£539,1666
RM5 3SBBelle Vue RoadRomford£525,0003
RM5 3RSAscension RoadRomford£509,2504
RM5 2QTLynwood DriveRomford£508,3128
RM5 3EUHorndon Road, Collier RowRomford£508,2506
RM5 3JBCollier Row LaneRomford£499,4515
RM5 2DHHog Hill RoadRomford£498,4005
RM5 3UBFaircross AvenueRomford£490,0004

Least Expensive Streets in RM5 (Romford)

PostcodeStreetAreaAverageNo. of Sales
RM5 3BGHillrise RoadRomford£254,1663
RM5 3ALHainault RoadRomford£254,5717
RM5 3XJChelmsford AvenueRomford£257,5006
RM5 3HBHorndon Road, Collier RowRomford£263,3333
RM5 2JXUdall GardensRomford£263,7005
RM5 2TPFirbank Road, Collier RowRomford£267,6663
RM5 3JJErith CrescentRomford£267,7506
RM5 3XPChase Cross RoadRomford£270,6254
RM5 3BWHillrise RoadRomford£271,1254
RM5 3XHChelmsford AvenueRomford£271,6254

Explore RM5 (Romford) using map

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