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House Prices in RM15 House Prices in RM15 (South Ockendon)

The average house price in RM15 (South Ockendon) is £335,090 using HM Land Registry data.

The average property price increased by £82,047 (13.67%) over the last 5 years and increased by £16,440 (2.25%) over the last 12 months.

Over the last year, there were 227 residential property sales – a decrease of 60 transactions (-26.43%) relative to the previous year. The majority of house sales (56) were in the £340,000 - £390,000 range. Then came properties in the £290,000 - £340,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,866 (-2%).

In Oct 24, there were 58 new estate agency instructions, 43 agreed home sales and 32 property price reductions.

Nearby Postcodes: CM13, CM14, DA1, DA17, DA7, DA8, RM10, RM11, RM12, RM13, RM14, RM16, RM17, RM18, RM19, RM20, RM3, RM9, SS16, SS17

5-Year Average Property Prices in RM15 (South Ockendon)

13.67%

Property prices in South Ockendon increased by 13.67% 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 RM15 (South Ockendon) Over the Last Year

2.25%

Property prices in South Ockendon increased by 2.25% 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 RM15 (South Ockendon) - 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 RM15 (South Ockendon)

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 RM15 (South Ockendon)

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 RM15 (South Ockendon)

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 RM15 (South Ockendon) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM15 postcode area since 1995.

Recent Sales in RM15 (South Ockendon)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Fullarton Crescent, South Ockendon, Thurrock, RM15 5HW£325,000£320,000-£5,00009 Feb 202409 Aug 2024182 Days
39 North Road, South Ockendon, Thurrock, RM15 6PT£350,000£335,000-£15,00015 Mar 202405 Aug 2024143 Days
6 Juniper Drive, South Ockendon, Thurrock, RM15 6TW£575,000£570,000-£5,00008 Mar 202431 Jul 2024145 Days
3 Annalee Road, South Ockendon, Thurrock, RM15 5BY£335,000£325,000-£10,00022 Mar 202431 Jul 2024131 Days
70 Nethan Drive, Aveley, South Ockendon, Thurrock, RM15 4RJ£330,000£330,000£0027 Sep 202326 Jul 2024303 Days
25 Ravel Road, Aveley, South Ockendon, Thurrock, RM15 4NP£400,000£400,000£0012 Mar 202416 Jul 2024126 Days
63 Fairlane Drive, South Ockendon, Thurrock, RM15 5FA£310,000£192,000-£118,00020 Jun 201703 Jul 20242570 Days
8 Larkspur Close, South Ockendon, Thurrock, RM15 6JG£345,000£331,500-£13,50012 Feb 202428 Jun 2024137 Days
122 Cruick Avenue, South Ockendon, Thurrock, RM15 6EH£335,000£330,000-£5,00027 Feb 202428 Jun 2024122 Days
14 Carnach Green, South Ockendon, Thurrock, RM15 5PU£350,000£330,000-£20,00016 Jan 202428 Jun 2024164 Days
5 Crescent Walk, Aveley, South Ockendon, Thurrock, RM15 4HP£400,000£380,000-£20,00026 Feb 202428 Jun 2024123 Days
36 Sycamore Way, South Ockendon, Thurrock, RM15 6XB£500,000£500,000£0026 Feb 202428 Jun 2024123 Days
37 Birch Crescent, South Ockendon, Thurrock, RM15 6TZ£450,000£410,000-£40,00022 Aug 202325 Jun 2024308 Days
86 Mill Road, Aveley, South Ockendon, Thurrock, RM15 4SR£340,000£325,000-£15,00028 Feb 202421 Jun 2024114 Days
7 Hall Crescent, Aveley, South Ockendon, Thurrock, RM15 4JS£440,000£438,000-£2,00009 Feb 202419 Jun 2024131 Days
38 Sycamore Way, South Ockendon, Thurrock, RM15 6XB£425,000£425,000£0007 Dec 202307 Jun 2024183 Days
56 Eden Green, South Ockendon, Thurrock, RM15 5BW£160,000£160,000£0004 Dec 202331 May 2024179 Days
57 Hamble Lane, South Ockendon, Thurrock, RM15 5HG£325,000£317,000-£8,00014 Mar 202431 May 202478 Days
14 Avontar Road, South Ockendon, Thurrock, RM15 5AX£395,000£240,000-£155,00011 Oct 202229 May 2024596 Days
34 Cruick Avenue, South Ockendon, Thurrock, RM15 6EL£325,000£322,500-£2,50017 Jan 202424 May 2024128 Days

Most Expensive Streets in RM15 (South Ockendon)

PostcodeStreetAreaAverageNo. of Sales
RM15 4EAPurfleet Road, AveleySouth Ockendon£566,5004
RM15 6TTHornbeam ChaseSouth Ockendon£543,9005
RM15 6QUGarth RoadSouth Ockendon£541,6663
RM15 6TWJuniper DriveSouth Ockendon£537,6005
RM15 4DSPurfleet Road, AveleySouth Ockendon£536,0005
RM15 5JWHumber AvenueSouth Ockendon£535,8333
RM15 6TDBrandon Groves AvenueSouth Ockendon£518,7504
RM15 5JNHumber AvenueSouth Ockendon£509,0005
RM15 4SRMill Road, AveleySouth Ockendon£500,18111
RM15 4SWRowan Grove, AveleySouth Ockendon£495,3758

Least Expensive Streets in RM15 (South Ockendon)

PostcodeStreetAreaAverageNo. of Sales
RM15 5FDAvontar Court, Avontar RoadSouth Ockendon£96,5006
RM15 5BWEden GreenSouth Ockendon£148,5004
RM15 4QAPinfolds, Teviot AvenueSouth Ockendon£162,2005
RM15 6AFThe Oaks, Garth RoadSouth Ockendon£163,3333
RM15 5NWFaymore GardensSouth Ockendon£163,4005
RM15 4DQRegent Court, AveleySouth Ockendon£166,7504
RM15 4QSFranklyns, Teviot AvenueSouth Ockendon£166,8336
RM15 5BPGaley GreenSouth Ockendon£167,1427
RM15 5JHHumber AvenueSouth Ockendon£168,3333
RM15 4QLMeresmans, Teviot AvenueSouth Ockendon£168,7504

Explore RM15 (South Ockendon) using map

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