Contains HM Land Registry data © Crown copyright and database right 2020. This data is licensed under the Open Government Licence v3.0.

Romford, RM5 current market prices

The price growth in Romford is higher than the national average, with the 2 year growth at 0.6 times the national average. Compared to other areas, RM5 is a slightly expensive area, with an average price 7.7% higher than the national average. The average house price in Romford, RM5 is £332,921 and the average rent is £916.

RM5 Current Averages

Market characteristic RM5 district National RM5 against national
Average price £332,921 £308,989 7.7%
Average rent £1,400 £916 52.9%
Sales per month 10 8 (51,652 Total) +25%


RM5 Growth trends

Growth rate RM5 district National
2yr house growth -14.7% -24.3%
2yr CAGR -7.6% -13%
Last 12 months house price growth -20% -22.8%


RM5 Average Price by property type

Type Current Average Average 1 year ago Average 2 year ago Historical Average price
All properties £332,921 £416,341 £390,243 £446,331 View houses for sale in RM5
Flats £0 £222,750 £235,083 £229,375 View flats for sale in RM5
Detached £0 £585,000 £456,500 £615,625 View detached for sale in RM5
Semi-detached £0 £429,764 £426,457 £479,597 View semi-detached for sale in RM5
Terraced £0 £453,521 £406,823 £422,073 View terraced for sale in RM5
Bungalows N/A N/A N/A £488,889 View bungalows for sale in RM5

Type Historical Average Price
All properties to rent £1,857 View houses for rent in RM5
Flats for rent £1,425 View flats for rent in RM5
Detached for rent £3,000 View detached for rent in RM5
Semi-detached for rent £1,917 View semi-detached for rent in RM5
Terraced for rent £1,967 View terraced for rent in RM5
Bungalows for rent N/A View bungalows for rent in RM5



Current market notes

The data above illustrates the relative proportions different types of property in the RM5 postcode district. It is important to note that as homes are demolished and built these percentages will fluctuate accordingly. National averages are based on the most recent data available from the HM Land Registry© datasets.
Current average price and rent are based on the last month of data available.
The current average price is an average over the past 6 months to avoid inaccuracies caused by low sales numbers.
Sales per month is an average over the past 12 months.
Historical average prices are calculated using all RM5 sales since 1995. The growth trends table shows the change in average house price for the RM5 postcode district over the past 1 and 2 years as well as the averages across all postcode districts.

Please note that end of terrace properties are defined as terrace, as opposed to semi detached.
Flats include the following property types: Ground Flat, Flat, Studio, Ground Maisonette, Maisonette.
Bungalows include the following property types: Bungalow, Terraced Bungalow, Semi-Detached Bungalow, Detached Bungalow.
The 'Other' category includes all properties in categories not mentioned on this page and is included for completeness.

CAGR: Compound Annual Growth Rate is the year-over-year growth rate of house prices over a specified period of time (in this case five years). This figure gives an indication of the returns that have been seen historically. It can also be seen as a "smoothed" rate of return.