RM13 (Havering) area guide
The RM13 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Elm Park, Havering, Rainham, Rainham and Wennington, Rainham Station, South Hornchurch, Wennington.
A Mouseprice property guide for RM13 Havering is coming soon. In the meantime, please have a look at the raw data and statistics about RM13 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
The size of the property market in RM13 is 11568 homes.
Given that the nominal growth rate in this postcode district (RM13) has been about 16.1% over the last 5 years, it would be reasonable to assume that this isa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.
Over the last 3 months, the average property value for this postcode district has been £197679.
When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 12.3.
New transactions as a percentage of overall sales are 5.4%.
Terraced Houses make up the most significant portion of the housing stock, representing 33.7% of the total.
For those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 13.4% are this type.
Socially rented accommodation represents 14.7% of the total rented accommodation in the area.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is higher than the national average of £187894 at £230249.
Who lives here:
There are 13273 men and 14227 women in this postcode district.
The average age in this area is 39.
This area has a high percentage of married people at 27.1%.
Average working hours in this area for men are 42 and for women are 31.
This area has 12.5 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (18% of workers), followed by Construction (12.3%).