House Prices in RM5 House Prices in RM5 (Romford)

The average house price in RM5 (Romford) is £461,500 using HM Land Registry data.

The average property price increased by £82,290 (11.06%) over the last 5 years and increased by £16,447 (1.86%) over the last 12 months.

Over the last year, there were 147 residential property sales – a decrease of 39 transactions (-26.53%) relative to the previous year. The majority of house sales (42) were in the £430,000 - £480,000 range. Then came properties in the £380,000 - £430,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 70 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,040 (-1%).

In May 2025, there were 42 new estate agency instructions, 30 agreed home sales and 16 property price reductions.

5-Year Average Property Prices in RM5 (Romford)

11.06%

Property prices in RM5 (Romford) increased by 11.06% 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 RM5 (Romford) Over the Last Year

1.86%

Property prices in RM5 (Romford) increased by 1.86% 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 RM5 (Romford) - May 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 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 RM5 (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 RM5 (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 RM5 (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 RM5 (Romford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM5 postcode area since 1995.

Recent Sales in RM5 (Romford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Norman Close, Romford, Greater London, RM5 3EJ£480,000£471,000-£9,00022 Nov 202427 Feb 202597 Days
11 Browne Close, Romford, Greater London, RM5 2HD£350,000£335,000-£15,00003 Oct 202431 Jan 2025120 Days
9 William Close, Collier Row, Romford, Greater London, RM5 3EX£600,000£590,000-£10,00010 Oct 202424 Jan 2025106 Days
34 Belle Vue Road, Romford, Greater London, RM5 3AY£425,000£422,500-£2,50011 Sep 202417 Jan 2025128 Days
33 Playfield Avenue, Romford, Greater London, RM5 3LB£375,000£375,000£002 Sep 202413 Jan 2025133 Days
9 Ashvale Gardens, Romford, Greater London, RM5 3QA£400,000£400,000£021 Aug 202410 Jan 2025142 Days
6 Highfield Close, Romford, Greater London, RM5 3RX£475,000£475,000£029 Jun 202409 Jan 2025194 Days
126 Carter Drive, Romford, Greater London, RM5 2TT£475,000£475,000£014 Aug 202403 Jan 2025142 Days
18 Sheila Road, Romford, Greater London, RM5 2NX£419,995£205,621-£214,37407 Apr 201718 Dec 20242812 Days
45 Hillfoot Avenue, Romford, Greater London, RM5 3LJ£400,000£400,000£004 Aug 202418 Dec 2024136 Days
27 Merlin Road, Romford, Greater London, RM5 3YH£775,000£755,000-£20,00007 Jun 202416 Dec 2024192 Days
22 Browne Close, Romford, Greater London, RM5 2HD£400,000£380,000-£20,00006 Aug 202429 Nov 2024115 Days
258 Collier Row Lane, Romford, Greater London, RM5 3NJ£375,000£375,000£002 Jul 202428 Nov 2024149 Days
19 Merlin Gardens, Romford, Greater London, RM5 3YD£385,000£372,500-£12,50021 Aug 202425 Nov 202496 Days
90 Hillrise Road, Romford, Greater London, RM5 3BQ£450,000£450,000£003 May 202429 Oct 2024179 Days
22 Chase Cross Road, Romford, Greater London, RM5 3PR£425,000£418,000-£7,00015 Aug 202429 Oct 202475 Days
44 Victoria Avenue, Romford, Greater London, RM5 2QD£475,000£470,000-£5,00001 Jan 202425 Oct 2024298 Days
22 Ravenswood Close, Romford, Greater London, RM5 2UD£500,000£495,000-£5,00006 Jul 202425 Oct 2024111 Days
75 Lynwood Drive, Romford, Greater London, RM5 2QT£550,000£550,000£012 Apr 202425 Sep 2024166 Days
24 Fry Close, Romford, Greater London, RM5 2QE£425,000£420,000-£5,00015 May 202420 Sep 2024128 Days

Most Expensive Streets in RM5 (Romford)

PostcodeStreetAreaAverageNo. of Sales
RM5 2LGLitten Close, Collier RowRomford£606,6005
RM5 3PRChase Cross RoadRomford£602,6663
RM5 3YSChase Cross RoadRomford£575,0003
RM5 3ASHainault RoadRomford£543,7504
RM5 3THLawns WayRomford£539,1666
RM5 3EUHorndon RoadRomford£536,5005
RM5 3YHMerlin RoadRomford£530,0004
RM5 3SBBelle Vue Road, Collier RowRomford£525,0003
RM5 2QTLynwood DriveRomford£507,3889
RM5 3JBCollier Row LaneRomford£499,4515

Least Expensive Streets in RM5 (Romford)

PostcodeStreetAreaAverageNo. of Sales
RM5 2ATCollier Row RoadRomford£253,2504
RM5 3BGHillrise RoadRomford£254,1663
RM5 3ALHainault RoadRomford£254,5717
RM5 3XJChelmsford AvenueRomford£257,5006
RM5 3HBHorndon RoadRomford£263,3333
RM5 2JXUdall GardensRomford£263,7005
RM5 2TPFirbank RoadRomford£267,6663
RM5 3JJErith CrescentRomford£267,7506
RM5 3BWHillrise RoadRomford£271,1254
RM5 3XPChase Cross RoadRomford£274,1663

Explore RM5 (Romford) using map

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