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Havering House Prices Havering House Prices

The average house price in Havering is £534,651 using HM Land Registry data.

The average property price increased by £115,854 (27.95%) over the last 5 years and increased by £23,155 (4.56%) over the last 12 months.

Over the last year, there were 946 residential property sales – a decrease of 325 transactions (-34.36%) relative to the previous year. The majority of house sales (311) were in the £364,000 - £458,000 range. Then came properties in the £458,000 - £552,000 range, where 207 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,567 (-1%).

In April 2024, there were 219 new estate agency instructions, 153 agreed home sales and 122 property price reductions.

Neighbouring Areas: Hainault, Hornchurch, Chadwell Heath, Romford

Postcodes Covered: RM1, RM11, RM13, RM14, RM3, RM4, RM5, RM7

5-Year Average Property Prices in Havering

27.95%

Property prices in Havering increased by 27.95% 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 Havering Over the Last Year

4.56%

Property prices in Havering increased by 4.56% 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 Havering - 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 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 Havering

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 Havering

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 Havering

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 Havering since 1995

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

Recent Property Sales in Havering

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
8 Hillrise Road, Romford, Greater London, RM5 3BG£185,000£175,000-£10,00017 Jan 202408 Mar 202451 Days
263 Hillrise Road, Romford, Greater London, RM5 3BZ£350,000£320,000-£30,00023 Nov 202307 Mar 2024105 Days
52 Derham Gardens, Upminster, Greater London, RM14 3HA£750,000£715,000-£35,00018 Sep 202304 Mar 2024168 Days
52 Front Lane, Upminster, Greater London, RM14 1XW£525,000£510,000-£15,00012 Oct 202329 Feb 2024140 Days
235 Collier Row Lane, Romford, Greater London, RM5 3JA£467,500£462,000-£5,50001 Mar 202329 Feb 2024365 Days
7 Cardinal Way, Rainham, Greater London, RM13 9RB£425,000£412,000-£13,00020 Sep 202328 Feb 2024161 Days
89 Lake Avenue, Rainham, Greater London, RM13 9SG£425,000£425,000£0014 Aug 202316 Feb 2024186 Days
2 Warrington Gardens, Hornchurch, Greater London, RM11 2AG£450,000£450,000£0013 Jun 202308 Feb 2024240 Days
9 Priory Grove, Romford, Greater London, RM3 9AS£775,000£730,000-£45,00016 Jan 202407 Feb 202422 Days
5 Beechwood Gardens, Rainham, Greater London, RM13 9HU£375,000£360,000-£15,00002 Oct 202331 Jan 2024121 Days
56 Redriff Road, Romford, Greater London, RM7 8HD£500,000£482,500-£17,50028 Oct 202331 Jan 202495 Days
80 Ascension Road, Romford, Greater London, RM5 3RT£400,000£400,000£0010 Jul 202330 Jan 2024204 Days
288 Wennington Road, Rainham, Greater London, RM13 9UU£500,000£495,000-£5,00028 Sep 202326 Jan 2024120 Days
449 Havering Road, Romford, Greater London, RM1 4HR£375,000£375,000£0021 Jun 202309 Jan 2024202 Days
40 Harold Court Road, Romford, Greater London, RM3 0YU£425,000£425,000£0012 Apr 202321 Dec 2023253 Days
11 Melville Road, Romford, Greater London, RM5 2AJ£525,000£520,000-£5,00013 Aug 202321 Dec 2023130 Days
19 Homeway, Romford, Greater London, RM3 0HD£600,000£580,000-£20,00019 Jun 202319 Dec 2023183 Days
56 Copperfields Way, Romford, Greater London, RM3 0XE£250,000£245,000-£5,00018 Sep 202319 Dec 202392 Days
37 Columbine Way, Romford, Greater London, RM3 0XN£450,000£440,000-£10,00004 May 202319 Dec 2023229 Days
1 Queens Park Road, Romford, Greater London, RM3 0HJ£475,000£475,000£0003 Aug 202318 Dec 2023137 Days

Most Expensive Streets in Havering

PostcodeStreetAreaAverageNo. of Sales
RM11 3JGErnest RoadHornchurch£1,970,0003
RM11 2QUWoodlands AvenueHornchurch£1,751,2504
RM11 2PNSylvan AvenueHornchurch£1,644,7504
RM14 1UYEngayne GardensUpminster£1,560,0003
RM11 2QZNelmes WayHornchurch£1,510,8336
RM11 3NHRockchase GardensHornchurch£1,481,2504
RM11 3PHFreeman WayHornchurch£1,450,0005
RM14 1URWaldegrave GardensUpminster£1,400,0003
RM14 1AQHall LaneUpminster£1,341,6663
RM11 3LPParkstone AvenueHornchurch£1,321,2504

Least Expensive Streets in Havering

PostcodeStreetAreaAverageNo. of Sales
RM3 7FEGoodwin WayRomford£135,0008
RM13 9FTHarle WayRainham£143,7504
RM3 0FQFirwood LaneRomford£147,07613
RM3 0FSFirwood LaneRomford£154,2005
RM13 9UEEmerald HouseFerro Road£156,6663
RM13 9NQSterry HouseStirling Close£161,5004
RM13 9AGChapel LodgeRainham£166,5559
RM3 0FYScotspine LaneRomford£168,4163
RM3 0DNMatthews CloseRomford£169,0003
RM3 9QLCarnforth HousePetersfield Avenue£174,9263

Explore Havering and Neighbouring Area House Prices

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