You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in RM1

House Prices in RM1

The average house price in RM1 (Romford) is £496,264 using HM Land Registry data.

The average property price increased by £53,716 (14.97%) over the last 5 years and increased by £10,763 (2.44%) over the last 12 months.

Over the last year, there were 214 residential property sales – a decrease of 20 transactions (-9.35%) relative to the previous year. The majority of house sales (50) were in the £382,000 - £468,000 range. Then came properties in the £468,000 - £554,000 range, where 43 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 199 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,921 (-3%).

In March 2025, there were 51 new estate agency instructions, 41 agreed home sales and 27 property price reductions.

5-Year Average Property Prices in RM1 (Romford)

14.97%

Property prices in RM1 (Romford) increased by 14.97% 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 RM1 (Romford) Over the Last Year

2.44%

Property prices in RM1 (Romford) increased by 2.44% 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.

Property Market Heat Gauge for RM1 (Romford) - March 2025

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 RM1 (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 RM1 (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 RM1 (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 RM1 (Romford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM1 postcode area since 1995.

Recent Sales in RM1 (Romford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
9 Gilbert Road, Romford, Greater London, RM1 3BX	£525,000	£523,000	-£2,000	14 Nov 2024	19 Feb 2025	97 Days
7 Garry Way, Romford, Greater London, RM1 4YU	£375,000	£215,749	-£159,251	04 Jul 2019	14 Feb 2025	2052 Days
35 Fontayne Avenue, Romford, Greater London, RM1 4NS	£475,000	£464,500	-£10,500	05 Sep 2024	13 Feb 2025	161 Days
6 Don Way, Romford, Greater London, RM1 4YR	£575,000	£575,000	£0	27 Aug 2024	12 Feb 2025	169 Days
78 Princes Road, Romford, Greater London, RM1 2SP	£625,000	£585,000	-£40,000	04 Jun 2024	17 Jan 2025	227 Days
15 Dunton Road, Romford, Greater London, RM1 4AH	£260,000	£252,000	-£8,000	20 Jun 2024	20 Dec 2024	183 Days
123 Parkside Avenue, Romford, Greater London, RM1 4NB	£350,000	£350,000	£0	20 Aug 2024	18 Dec 2024	120 Days
40 Parkside Avenue, Romford, Greater London, RM1 4ND	£450,000	£448,000	-£2,000	15 Jul 2024	18 Dec 2024	156 Days
29 Portnoi Close, Romford, Greater London, RM1 4AP	£350,000	£350,000	£0	30 Aug 2024	17 Dec 2024	109 Days
70 Heather Way, Romford, Greater London, RM1 4TA	£475,000	£455,000	-£20,000	09 Oct 2024	13 Dec 2024	65 Days
8 Don Way, Romford, Greater London, RM1 4YR	£525,000	£505,000	-£20,000	11 Mar 2024	11 Dec 2024	275 Days
Flat 20, Calder Court, Riverside Close, Romford, Greater London, RM1 1EN	£300,000	£300,000	£0	16 May 2024	09 Dec 2024	207 Days
167 Brentwood Road, Romford, Greater London, RM1 2SJ	£525,000	£520,000	-£5,000	08 Aug 2024	09 Dec 2024	123 Days
3 Mcintosh Close, Romford, Greater London, RM1 4JH	£475,000	£470,000	-£5,000	02 Aug 2024	05 Dec 2024	125 Days
59 Albert Road, Romford, Greater London, RM1 2PS	£450,000	£407,500	-£42,500	29 May 2024	20 Nov 2024	175 Days
8 Mcintosh Close, Romford, Greater London, RM1 4JH	£475,000	£450,000	-£25,000	25 Apr 2024	13 Nov 2024	202 Days
Flat 7, Upward Court, Junction Road, Romford, Greater London, RM1 3QN	£269,000	£263,000	-£6,000	12 Apr 2024	08 Nov 2024	210 Days
111 George Street, Romford, Greater London, RM1 2EB	£525,000	£507,000	-£18,000	03 Sep 2024	07 Nov 2024	65 Days
3 Seaforth Close, Romford, Greater London, RM1 4LR	£550,000	£547,000	-£3,000	30 Apr 2024	29 Oct 2024	182 Days
Flat 17, Derwent Court, Riverside Close, Romford, Greater London, RM1 1EQ	£250,000	£245,000	-£5,000	22 Jan 2024	25 Oct 2024	277 Days

Most Expensive Streets in RM1 (Romford)

Postcode	Street	Area	Average	No. of Sales
RM1 4DB	Oaklands Avenue	Romford	£952,500	4
RM1 4ES	Wayside Close	Romford	£843,750	4
RM1 4EE	Lake Rise	Romford	£817,916	6
RM1 4ET	Pettits Lane	Romford	£792,500	4
RM1 4DY	Lake Rise	Romford	£781,666	3
RM1 4BX	Mashiters Walk	Romford	£771,666	3
RM1 4HH	Pettits Lane	Romford	£721,325	4
RM1 4BH	Havering Drive	Romford	£704,571	7
RM1 4HL	Pettits Lane	Romford	£702,500	4
RM1 4LH	Park Drive	Romford	£698,000	5

Least Expensive Streets in RM1 (Romford)

Postcode	Street	Area	Average	No. of Sales
RM1 2DE	Merritt House, Frazer Close	Romford	£117,079	12
RM1 3LN	Admiral Lodge	Romford	£129,783	6
RM1 3QZ	Watermans	Romford	£147,100	10
RM1 1NJ	South Street	Romford	£149,125	4
RM1 4AR	Portnoi Close	Romford	£188,875	4
RM1 2DF	Frazer Close	Romford	£191,400	10
RM1 3QY	Longdon Court, Junction Road	Romford	£200,777	9
RM1 1NL	South Street	Romford	£201,666	3
RM1 2TE	Marwell Close	Romford	£205,416	6
RM1 2RE	Rushdon Close	Romford	£209,000	10