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Property Price Trends
Bell Ave, Romford, Greater London
RM3 7BL Havering London Boro
What are the historical property price trends?
Explore the yearly trends in property prices for the RM3 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
RM3
Most Expensive Property
£1,811,000
Safety Industries Tonbridge Road, RM3 8TS
Sold: 11 March 2024
Cheapest Property
£87,500
Wild Rose House, 3 Flat 17 Firwood Lane, RM3 0FQ
Sold: 23 February 2024
£423,000
The average house price in Havering was £423,000 in November 2024 (provisional), up 3.1% from November 2023. Across London, there was little change in the average house price over the same period.
£1,449
Private rents rose to an average of £1,449 in December 2024, an annual increase of 10.9% from £1,306 in December 2023. This was lower than the rise in London (11.5%) over the year.
£358,000
The average price paid by first-time buyers was £358,000 in November 2024 (provisional). This was 3.5% higher than the average of £346,000 in November 2023 (revised).
£427,000
For homes bought with a mortgage, the average house price was £427,000 in November 2024 (provisional). This was 3.2% higher than the average of £414,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Havering, E09000016). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in RM3 7BL?
The graph below shows the five-year capital growth figures for properties for the RM3 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in RM3 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Essex?
Homebuyers
In Essex, the property market for homebuyers has been experiencing a steady increase in house prices over the past few years. According to the latest data, the average house price in Essex is currently around £350,000, with some areas such as Chelmsford, Colchester, and Brentwood seeing even higher prices. The availability of housing stock is relatively good, with a variety of properties ranging from terraced houses to detached homes. Popular postcode regions for homebuyers include CM1 in Chelmsford, CO1 in Colchester, and CM15 in Brentwood. Overall, Essex remains a desirable location for homebuyers looking for a mix of urban and rural living within easy reach of London.
Renters
Rent prices in Essex have also been on the rise, with the average monthly rent for a property currently standing at around £1,200. Popular areas for renters include SS1 in Southend-on-Sea, CM2 in Chelmsford, and CO2 in Colchester. The availability of rental properties is fair, with a range of options from apartments to family homes. For renters looking for a mix of affordability and amenities, Essex offers a variety of choices in different towns and neighbourhoods.
Investors
For investors looking to enter the property market in Essex, the region offers a promising outlook. House prices have been steadily increasing, making it a potentially lucrative investment. Rental yields are also attractive, with some areas such as RM1 in Romford, SS17 in Stanford-le-Hope, and CM3 in Chelmsford offering good returns. The availability of investment properties is decent, with opportunities to purchase both buy-to-let properties and properties for renovation. Overall, Essex presents a favourable environment for investors seeking to capitalise on the growing property market in the region.
Homebuyers
In Essex, the property market for homebuyers has been experiencing a steady increase in house prices over the past few years. According to the latest data, the average house price in Essex is currently around £350,000, with some areas such as Chelmsford, Colchester, and Brentwood seeing even higher prices. The availability of housing stock is relatively good, with a variety of properties ranging from terraced houses to detached homes. Popular postcode regions for homebuyers include CM1 in Chelmsford, CO1 in Colchester, and CM15 in Brentwood. Overall, Essex remains a desirable location for homebuyers looking for a mix of urban and rural living within easy reach of London.
Renters
Rent prices in Essex have also been on the rise, with the average monthly rent for a property currently standing at around £1,200. Popular areas for renters include SS1 in Southend-on-Sea, CM2 in Chelmsford, and CO2 in Colchester. The availability of rental properties is fair, with a range of options from apartments to family homes. For renters looking for a mix of affordability and amenities, Essex offers a variety of choices in different towns and neighbourhoods.
Investors
For investors looking to enter the property market in Essex, the region offers a promising outlook. House prices have been steadily increasing, making it a potentially lucrative investment. Rental yields are also attractive, with some areas such as RM1 in Romford, SS17 in Stanford-le-Hope, and CM3 in Chelmsford offering good returns. The availability of investment properties is decent, with opportunities to purchase both buy-to-let properties and properties for renovation. Overall, Essex presents a favourable environment for investors seeking to capitalise on the growing property market in the region.
Last updated on 31 Mar 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for RM3 7BL
Estimated yield for property investors
3.64%
Yield
The estimated yield for the RM3 7BL postcode area is 3.64%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in RM3 7BL?
The recently sold properties table lists homes around RM3 7BL that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 29 September 2021 | £242,500 | Gores Court, 1 Flat 2 Goodwin Way, Romford, RM3 7FE | Flat/Maisonette | Leasehold |
| 28 July 2023 | £475,000 | 10 Lowewood Road, Romford, RM3 7GJ | Terraced | Freehold |
| 08 December 2023 | £475,000 | 2 Whitworth Avenue, Romford, RM3 7GP | Terraced | Freehold |
| 30 January 2024 | £435,000 | 4 Whitworth Avenue, Romford, RM3 7GP | Terraced | Freehold |
| 10 August 2022 | £435,000 | 1 Earlswell Walk, Romford, RM3 7GQ | Terraced | Freehold |
| 28 November 2023 | £540,000 | Summer Lea Noak Hill Road, Romford, RM3 7LL | Semi-Detached | Freehold |
| 22 November 2023 | £382,000 | 51 Montgomery Crescent, Romford, RM3 7UH | Terraced | Freehold |
| 02 February 2024 | £405,000 | 4 Barnstaple Path, Romford, RM3 7UL | Terraced | Freehold |
| 18 August 2023 | £235,000 | Stroud House 7 Montgomery Crescent, Romford, RM3 7XS | Flat/Maisonette | Leasehold |
| 20 January 2023 | £420,000 | 23 Aylsham Lane, Romford, RM3 7YL | Terraced | Freehold |
Nearby sold properties | ||||
| 26 January 2024 | £465,000 | 29 Maylands Way, Romford, RM3 0BQ | Terraced | Freehold |
| 03 November 2023 | £460,000 | 54 Ingreway, Romford, RM3 0BW | Detached | Freehold |
| 31 October 2023 | £310,000 | Wild Rose House, 3 Flat 23 Firwood Lane, Romford, RM3 0FQ | Flat/Maisonette | Leasehold |
| 23 February 2024 | £87,500 | Wild Rose House, 3 Flat 17 Firwood Lane, Romford, RM3 0FQ | Flat/Maisonette | Leasehold |
| 18 December 2023 | £475,000 | 1 Queens Park Road, Romford, RM3 0HJ | Semi-Detached | Freehold |
| 07 December 2022 | £935,000 | 87 Squirrels Heath Road, Romford, RM3 0LR | Detached | Freehold |
| 22 August 2003 | £365,000 | 40 Tindall Close, Romford, RM3 0PB | Detached | Freehold |
| 20 October 2023 | £435,000 | 87 Hamilton Drive, Romford, RM3 0UX | Terraced | Freehold |
| 19 December 2023 | £440,000 | 37 Columbine Way, Romford, RM3 0XN | Detached | Freehold |
| 25 July 2023 | £525,000 | 21 Court Avenue, Romford, RM3 0XS | Terraced | Freehold |
| 14 September 2023 | £305,000 | 4 Cypress Path, Romford, RM3 8BD | Terraced | Freehold |
| 21 October 2022 | £340,000 | 16 Lucerne Way, Romford, RM3 8BS | Terraced | Freehold |
| 30 November 2023 | £325,000 | 24 Lucerne Way, Romford, RM3 8BS | Terraced | Freehold |
| 17 November 2023 | £305,000 | 7 Pimpernel Way, Romford, RM3 8BT | Terraced | Freehold |
| 08 September 2022 | £375,000 | 18 Dudley Road, Romford, RM3 8LH | Terraced | Freehold |
| 18 December 2023 | £369,000 | 4 Widecombe Close, Harold Hill, Romford, RM3 8PL | Terraced | Freehold |
| 31 October 2023 | £452,500 | 12 Alverstoke Road, Romford, RM3 8QR | Terraced | Freehold |
| 11 March 2024 | £1,811,000 | Safety Industries Tonbridge Road, Romford, RM3 8TS | Other | Freehold |
| 01 December 2023 | £185,000 | Ringwood House 7 Kings Lynn Drive, Romford, RM3 8XP | Flat/Maisonette | Leasehold |
| 08 December 2023 | £335,000 | 7 Okehampton Square, Romford, RM3 8YA | Terraced | Freehold |
| 07 March 2024 | £315,000 | 4 Charlbury Crescent, Romford, RM3 8YR | Semi-Detached | Freehold |
| 31 October 2023 | £325,000 | 21 Dorking Road, Romford, RM3 9AE | Semi-Detached | Freehold |
| 17 November 2023 | £430,000 | 18 Broseley Road, Romford, RM3 9BD | Terraced | Freehold |
| 20 October 2023 | £252,500 | Luton House 12 Lindfield Road, Romford, RM3 9DS | Flat/Maisonette | Leasehold |
| 01 October 2021 | £410,000 | 2 Meadfarm Close, Romford, RM3 9FJ | Terraced | Freehold |
| 20 September 2023 | £470,000 | 11 Sudbury Close, Romford, RM3 9FL | Semi-Detached | Freehold |
| 26 August 2022 | £247,500 | Plum Tree Court, 2 Flat 15 Ingrebourne Avenue, Romford, RM3 9GS | Flat/Maisonette | Leasehold |
| 22 December 2023 | £245,000 | 27 Redruth Walk, Romford, RM3 9SJ | Terraced | Freehold |
| 22 December 2023 | £280,000 | 27 Redruth Walk, Romford, RM3 9SJ | Terraced | Freehold |
Please note that house prices for properties sold in and around RM3 7BL during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
