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Chadwell Heath House Prices Chadwell Heath House Prices

The average house price in Chadwell Heath is £454,214 using HM Land Registry data.

The average property price increased by £77,769 (23.03%) over the last 5 years and increased by £15,543 (3.89%) over the last 12 months.

Over the last year, there were 140 residential property sales – a decrease of 112 transactions (-80.00%) relative to the previous year. The majority of house sales (39) were in the £416,000 - £478,000 range. Then came properties in the £478,000 - £540,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 117 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,772 (-1%).

In April 2024, there were 33 new estate agency instructions, 28 agreed home sales and 18 property price reductions.

Neighbouring Areas: Hainault, Ilford, Havering, Dagenham, Romford

Postcodes Covered: RM5, RM6

5-Year Average Property Prices in Chadwell Heath

23.03%

Property prices in Chadwell Heath increased by 23.03% 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 Chadwell Heath Over the Last Year

3.89%

Property prices in Chadwell Heath increased by 3.89% 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 Chadwell Heath - April 2024

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 Chadwell Heath

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 Chadwell Heath

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 Chadwell Heath

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 Chadwell Heath since 1995

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

Recent Property Sales in Chadwell Heath

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Chadview Court, Chadwell Heath, Romford, Greater London, RM6 4BF£220,000£220,000£0025 May 202315 Nov 2023174 Days
4 Willow Road, Romford, Greater London, RM6 6UT£550,000£525,000-£25,00011 Apr 202315 Nov 2023218 Days
71 Chadville Gardens, Romford, Greater London, RM6 5UB£425,000£415,000-£10,00005 Aug 202313 Nov 2023100 Days
73 Brian Road, Romford, Greater London, RM6 5BX£485,000£475,000-£10,00030 May 202311 Nov 2023165 Days
118 Billet Road, Romford, Greater London, RM6 5PS£450,000£280,000-£170,00027 Feb 202025 Sep 20231306 Days
11 Beresford Gardens, Romford, Greater London, RM6 6RX£450,000£423,000-£27,00007 Feb 202322 Sep 2023227 Days
33 Bengeo Gardens, Romford, Greater London, RM6 4BT£484,999£458,500-£26,49908 May 201913 Sep 20231589 Days
60 Rose Lane, Chadwell Heath, Romford, Greater London, RM6 5JU£400,000£390,000-£10,00019 Apr 202311 Sep 2023145 Days
48 Somerville Road, Romford, Greater London, RM6 5BE£425,000£410,000-£15,00013 Feb 202325 Aug 2023193 Days
53 Reynolds Court, Romford, Greater London, RM6 5PJ£260,000£253,000-£7,00001 Apr 202323 Aug 2023144 Days
5 Japan Road, Romford, Greater London, RM6 6PD£425,000£425,000£0018 Apr 202311 Aug 2023115 Days
44 Portland Gardens, Romford, Greater London, RM6 5UJ£575,000£560,000-£15,00013 Apr 202307 Aug 2023116 Days
18 Bede Road, Romford, Greater London, RM6 5RT£475,000£465,000-£10,00006 Jan 202328 Jul 2023203 Days
54 Portland Close, Romford, Greater London, RM6 5UE£240,000£238,000-£2,00026 Apr 202328 Jul 202393 Days
139 Havering Gardens, Romford, Greater London, RM6 5AL£600,000£590,000-£10,00013 Jun 202327 Jul 202344 Days
52 Rochford Avenue, Chadwell Heath, Romford, Greater London, RM6 5DD£550,000£527,500-£22,50017 Nov 202225 Jul 2023250 Days
44 Cunningham Close, Romford, Greater London, RM6 4YB£140,000£133,000-£7,00007 Jan 202314 Jul 2023188 Days
3 Lawn Farm Grove, Romford, Greater London, RM6 5LL£465,000£437,000-£28,00012 Dec 202214 Jul 2023214 Days
42 Glandford Way, Chadwell Heath, Romford, Greater London, RM6 4UG£275,000£275,000£0016 Sep 202212 Jul 2023299 Days
73 Freshwell Avenue, Chadwell Heath, Romford, Greater London, RM6 5DR£575,000£535,000-£40,00017 Feb 202310 Jul 2023143 Days

Most Expensive Streets in Chadwell Heath

PostcodeStreetAreaAverageNo. of Sales
RM6 4NUMayesford RoadRomford£553,1663
RM6 5DLRochford AvenueChadwell Heath£549,8336
RM6 4DTBirchdale GardensRomford£541,6663
RM6 5TUBlackbush AvenueRomford£527,2779
RM6 4BQFlora GardensRomford£526,6663
RM6 4BGFlora GardensRomford£526,6663
RM6 6RTAshton GardensRomford£520,0009
RM6 6TBMelbourne GardensRomford£519,1663
RM6 4ANRoxy AvenueRomford£514,7005
RM6 5DRFreshwell AvenueChadwell Heath£511,5004

Least Expensive Streets in Chadwell Heath

PostcodeStreetAreaAverageNo. of Sales
RM6 6NYHigh RoadChadwell Heath£90,0005
RM6 4YBCunningham CloseRomford£119,84613
RM6 5UEPortland CloseRomford£145,11118
RM6 4DNBurns AvenueChadwell Heath£187,3333
RM6 4PQJuniper CourtGrove Road£188,8005
RM6 4PWMillhaven CloseRomford£200,2504
RM6 4PYCapstan CloseRomford£205,6878
RM6 4PNMillhaven CloseRomford£205,9005
RM6 4LRChadwell Heath LaneRomford£212,2504
RM6 4XEBlacksmiths CloseRomford£214,6663

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