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Romford House Prices Romford House Prices

The average house price in Romford is £489,980 using HM Land Registry data.

The average property price increased by £95,981 (25.38%) over the last 5 years and increased by £19,183 (4.22%) over the last 12 months.

Over the last year, there were 857 residential property sales – a decrease of 427 transactions (-49.82%) relative to the previous year. The majority of house sales (234) were in the £394,000 - £476,000 range. Then came properties in the £476,000 - £558,000 range, where 148 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,379 (-2%).

In April 2024, there were 210 new estate agency instructions, 144 agreed home sales and 92 property price reductions.

Neighbouring Areas: Havering, Hornchurch, Chadwell Heath, Dagenham

Postcodes Covered: RM1, RM10, RM11, RM12, RM2, RM3, RM4, RM5, RM7, RM8

5-Year Average Property Prices in Romford

25.38%

Property prices in Romford increased by 25.38% 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 Romford Over the Last Year

4.22%

Property prices in Romford increased by 4.22% 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 Romford - 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 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 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 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 Romford since 1995

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

Recent Property Sales in Romford

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 8, Moore House, Globe Road, Hornchurch, Greater London, RM11 1BW£225,000£215,000-£10,00025 Sep 202308 Mar 2024165 Days
12 Horace Avenue, Romford, Greater London, RM7 0XA£500,000£485,000-£15,00011 Jul 202305 Mar 2024238 Days
14 Coltsfoot Path, Romford, Greater London, RM3 8BH£290,000£282,500-£7,50021 Aug 202323 Feb 2024186 Days
39 Birch Crescent, Hornchurch, Greater London, RM11 2NN£485,000£475,000-£10,00019 Sep 202315 Feb 2024149 Days
1 Mead Close, Romford, Greater London, RM2 5NX£790,000£780,000-£10,00021 Sep 202313 Feb 2024145 Days
6 Amery Gardens, Romford, Greater London, RM2 6RU£500,000£490,000-£10,00012 Oct 202309 Feb 2024120 Days
404 Havering Road, Romford, Greater London, RM1 4DE£450,000£420,000-£30,00003 Jul 202302 Feb 2024214 Days
13 Highland Avenue, Dagenham, Greater London, RM10 7AS£350,000£332,500-£17,50014 Jun 202302 Feb 2024233 Days
12 South Block, The Railstore, Kidman Close, Romford, Greater London, RM2 6JH£260,000£254,500-£5,50024 Feb 202302 Feb 2024343 Days
Flat 2, Tallis Court, Kidman Close, Gidea Park, Romford, Greater London, RM2 6GH£260,000£258,000-£2,00020 Jun 202331 Jan 2024225 Days
111 Haynes Road, Hornchurch, Greater London, RM11 2HX£785,000£760,000-£25,00004 Oct 202326 Jan 2024114 Days
29 Heather Close, Romford, Greater London, RM1 4PD£499,995£499,995£0023 Nov 202219 Jan 2024422 Days
356 Crow Lane, Romford, Greater London, RM7 0HJ£450,000£435,000-£15,00011 Sep 202317 Jan 2024128 Days
11 Bridport Avenue, Romford, Greater London, RM7 9HL£465,000£460,000-£5,00023 Apr 202317 Jan 2024269 Days
57a, Heath Park Road, Romford, Greater London, RM2 5UL£450,000£448,000-£2,00029 Jul 202312 Jan 2024167 Days
12 Stanwyck Gardens, Romford, Greater London, RM3 7JU£400,000£280,000-£120,00011 Sep 202312 Jan 2024123 Days
297 Pettits Lane North, Romford, Greater London, RM1 4PB£525,000£525,000£0018 Jul 202308 Jan 2024174 Days
40 Meynell Road, Romford, Greater London, RM3 7EJ£550,000£540,000-£10,00022 Jul 202303 Jan 2024165 Days
28 Parkway, Romford, Greater London, RM2 5NT£975,000£950,000-£25,00004 Jul 202320 Dec 2023169 Days
30 Guardian Close, Hornchurch, Greater London, RM11 1FT£525,000£520,000-£5,00020 Jul 202318 Dec 2023151 Days

Most Expensive Streets in Romford

PostcodeStreetAreaAverageNo. of Sales
RM11 1NTHarrow DriveHornchurch£1,320,0004
RM2 6NBLinks AvenueRomford£1,295,0003
RM2 5NTParkwayRomford£1,156,2504
RM2 5PBReed Pond WalkRomford£1,128,7504
RM2 5PAParkwayRomford£1,086,6663
RM2 6NHLinks AvenueRomford£1,071,2504
RM2 6NDLinks AvenueRomford£1,000,0006
RM2 6ADSquirrels Heath AvenueRomford£985,0004
RM2 6EJCastellan AvenueRomford£973,7504
RM1 4DBOaklands AvenueRomford£959,0005

Least Expensive Streets in Romford

PostcodeStreetAreaAverageNo. of Sales
RM1 2DEMerritt HouseFrazer Close£121,57313
RM7 7JEMawney RoadRomford£130,3754
RM1 3LNAdmiral LodgeRomford£139,6754
RM1 1NJSouth StreetRomford£149,1254
RM1 3QZWatermansRomford£150,81811
RM2 6EWSquirrels Heath LaneRomford£169,1669
RM3 8XRStraight RoadHarold Hill£171,3333
RM3 8BWIngleton HouseKings Lynn Drive£174,0003
RM7 0DUVignoles RoadRomford£175,2508
RM11 2DBHaynes Park CourtSlewins Close£176,7504

Explore Romford and Neighbouring Area House Prices

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