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House Prices in RM7 House Prices in RM7 (Romford)

The average house price in RM7 (Romford) is £358,250 using HM Land Registry data.

The average property price increased by £100,040 (6.8%) over the last 5 years and increased by £20,045 (1.18%) over the last 12 months.

Over the last year, there were 203 residential property sales – a decrease of 157 transactions (-77.34%) relative to the previous year. The majority of house sales (59) were in the £418,000 - £474,000 range. Then came properties in the £362,000 - £418,000 range, where 40 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,807 (-2%).

In Oct 24, there were 53 new estate agency instructions, 45 agreed home sales and 33 property price reductions.

Nearby Postcodes: CM13, CM14, DA1, DA17, DA8, IG11, IG2, IG3, IG6, IG7, RM1, RM10, RM11, RM12, RM13, RM14, RM15, RM16, RM17, RM18, RM19, RM2, RM20, RM3, RM4, RM5, RM6, RM8, RM9, SS16, SS17

5-Year Average Property Prices in RM7 (Romford)

6.8%

Property prices in Romford increased by 6.8% 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 RM7 (Romford) Over the Last Year

1.18%

Property prices in Romford increased by 1.18% 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 RM7 (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 RM7 (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 RM7 (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 RM7 (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 RM7 (Romford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM7 postcode area since 1995.

Recent Sales in RM7 (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
9 Walmer Close, Romford, Greater London, RM7 8QH£525,000£510,000-£15,00020 Mar 202415 Aug 2024148 Days
27 Seabrook Gardens, Romford, Greater London, RM7 0EU£575,000£565,000-£10,00029 Jan 202409 Aug 2024193 Days
159 Marlborough Road, Romford, Greater London, RM7 8AP£525,000£505,000-£20,00028 Mar 202402 Aug 2024127 Days
7 Campion Close, Rush Green, Romford, Greater London, RM7 0WX£265,000£265,000£0030 Oct 202302 Aug 2024277 Days
16 Brooklands Road, Romford, Greater London, RM7 7DX£460,000£435,000-£25,00029 Feb 202419 Jul 2024141 Days
74 White Hart Lane, Collier Row, Romford, Greater London, RM7 8JB£400,000£400,000£0005 Jan 202419 Jul 2024196 Days
75 Great Cullings, Rush Green, Romford, Greater London, RM7 0YP£300,000£285,000-£15,00029 Feb 202426 Jun 2024118 Days
11 Walmer Close, Romford, Greater London, RM7 8QH£550,000£550,000£0026 Feb 202417 Jun 2024112 Days
29 Jasmine Road, Rush Green, Romford, Greater London, RM7 0WZ£525,000£525,000£0030 Jan 202414 Jun 2024136 Days
19 Mawney Road, Romford, Greater London, RM7 7HL£650,000£640,000-£10,00031 Jan 202414 Jun 2024135 Days
52 Como Street, Romford, Greater London, RM7 7DR£525,000£522,500-£2,50016 Jan 202431 May 2024136 Days
90 Como Street, Romford, Greater London, RM7 7DT£435,000£411,000-£24,00028 Mar 202431 May 202464 Days
201 Marks Road, Romford, Greater London, RM7 7AF£400,000£392,000-£8,00029 Sep 202322 May 2024236 Days
16 Linden Street, Romford, Greater London, RM7 7DP£475,000£465,000-£10,00021 Sep 202324 Apr 2024216 Days
175 Great Cullings, Rush Green, Romford, Greater London, RM7 0YR£275,000£161,000-£114,00003 Jan 202424 Apr 2024112 Days
3 Wolseley Road, Romford, Greater London, RM7 0BP£400,000£385,000-£15,00002 Jan 202412 Apr 2024101 Days
14 Knighton Road, Romford, Greater London, RM7 9BS£350,000£350,000£0006 Jan 202428 Mar 202482 Days
7 Lonsdale Avenue, Romford, Greater London, RM7 9JT£475,000£455,000-£20,00016 Sep 202325 Mar 2024191 Days
16 Southern Way, Romford, Greater London, RM7 9PA£425,000£425,000£0023 Jan 202422 Mar 202459 Days

Most Expensive Streets in RM7 (Romford)

PostcodeStreetAreaAverageNo. of Sales
RM7 0EPCrow LaneRomford£597,27211
RM7 0NTFels Farm MewsRomford£572,5996
RM7 8QPMawney RoadRomford£552,5003
RM7 0UUHorace AvenueRomford£551,6663
RM7 7HLMawney RoadRomford£540,5004
RM7 0HZBay CloseRomford£528,00010
RM7 7DPLinden StreetRomford£518,4005
RM7 8HPElm CloseRomford£518,3333
RM7 7AUPretoria RoadRomford£514,0005
RM7 0RULaurel CrescentRomford£501,11711

Least Expensive Streets in RM7 (Romford)

PostcodeStreetAreaAverageNo. of Sales
RM7 7JEFernleigh CourtRomford£119,0005
RM7 0DUVignoles RoadRomford£178,5717
RM7 8BNMitre House, Blandford CloseRomford£186,6663
RM7 0DTVignoles RoadRomford£189,8005
RM7 9AEVerity House, Cotleigh RoadRomford£204,2005
RM7 7RNHolland CloseRomford£208,5836
RM7 8LZWhite Hart LaneRomford£211,88413
RM7 8RELarkshall Court, Linley CrescentRomford£212,2504
RM7 9PRPaul Court, London RoadRomford£214,9005
RM7 8LLWinston CloseRomford£215,1119

Explore RM7 (Romford) using map

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