Area guide

Romford, RM2


Overview

On this page you will find in-depth information and analytics about the RM2 postcode district. This includes current and historical average prices, price trends, the distribution of property types, the prices of various streets, and other information about Romford, RM2.

RM2 is a relatively less popular area with 160 transactions recorded in the past 12 months, which is 9.4% lower than the national average of 177. This is also 23.1% higher than the year prior which had 130 transactions.

Romford, RM2 current market prices

The price growth in Romford is lower than the national average, with the 2 year growth at -0.1 times the national average. Compared to other areas, RM2 is a relatively expensive area, with an average price 35.8% higher than the national average. The average house price in Romford, RM2 is £495,753 and the average rent is £916.

RM2 Current Averages

Market characteristic RM2 district National RM2 against national
Average price £495,753 £364,990 35.8%
Average rent £1,355 £916 47.9%
Sales per month 14 15 (54,560 Total) -6.7%

RM2 Growth trends

Growth rate RM2 district National
2yr house growth -0.6% 9.4%
2yr CAGR -0.3% 4.6%
Last 12 months house price growth 5.2% 4.8%

RM2 Average Price by property type

Type Current Average Average 1 year ago Average 2 year ago Historical Average price
All properties £495,753 £471,178 £498,856 £557,470 View houses for sale in RM2
Flats £267,500 £270,050 £297,950 £300,342 View flats for sale in RM2
Detached £533,167 £804,000 £767,778 £889,412 View detached for sale in RM2
Semi-detached £724,000 £528,250 £600,000 £605,987 View semi-detached for sale in RM2
Terraced £456,875 £449,656 £495,950 £544,435 View terraced for sale in RM2
Bungalows N/A N/A N/A £525,000 View bungalows for sale in RM2

RM2 Average Rent by property type

Type Historical Average Price
All properties to rent £1,267 View houses for rent in RM2
Flats for rent £1,132 View flats for rent in RM2
Detached for rent £1,767 View detached for rent in RM2
Semi-detached for rent £1,782 View semi-detached for rent in RM2
Terraced for rent £1,579 View terraced for rent in RM2
Bungalows for rent N/A View bungalows for rent in RM2

Romford, RM2 Housing Stock

Romford, RM2 has a total of 6,607 properties, of which 202 are currently for sale and 106 are for rent. Excluding flats, the most common property type in RM2 is semi-detached with a total of 1,944 houses.

All properties in area

Type Quantity Percentage
Total properties in area 6,607 -
Total flats in area 2,224 33.7%
Total detached in area 1,002 15.2%
Total semi-detached in area 1,944 29.4%
Total terraced in area 1,406 21.3%
Total other in area 31 0.5%

All properties for sale

Type Quantity Percentage
Total properties for sale 202 - View houses for sale in RM2
Total flats for sale 19 9.4% View flats for sale in RM2
Detached for sale 34 16.8% View detached for sale in RM2
Semi-detached for sale 76 37.6% View semi-detached for sale in RM2
Terraced for sale 31 15.3% View terraced for sale in RM2
Bungalows for sale 3 1.5% View bungalows for sale in RM2
Other properties for sale 39 19.3%

All properties for rent

Type Quantity
Total properties to rent 106 View houses for rent in RM2
Total flats for rent 43 View flats for rent in RM2
Detached for rent 7 View detached for rent in RM2
Semi-detached for rent 10 View semi-detached for rent in RM2
Terraced for rent 10 View terraced for rent in RM2
Bungalows for rent 0 View bungalows for rent in RM2
Other properties for rent 36

Most and least expensive streets in Romford, RM2

Romford, RM2 has a total of 107 streets. The most expensive street in RM2 is Gidea Avenue, with an average sale price of £1,858,000. The least expensive street in RM2 is Elvet Avenue, with an average sale price of £168,750.



Frequently asked questions

What is the rental price in Romford?

The current average rental price in Romford is £1,244 per month. Mouseprice is currently listing 103 properties to rent in Romford.

Towns near Romford

Towns near Romford - Hornchurch, Dagenham, Upminster, Rainham, South ockendon, Purfleet, Grays, Tilbury

What schools are there in Romford?

Nearby schools in Romford include Gidea Park College, Gidea Park Primary School, St Mary's Hare Park School, Squirrels Heath Junior School, Squirrels Heath Infant School

What stations are there in Romford?

Nearby stations in Romford include Gidea Park Station, Romford Station, Emerson Park Station, Harold Wood Station, Hornchurch Station.


Notes

The data above illustrates the relative proportions different types of property in the RM2 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.
Historical average prices are calculated using all RM2 sales since 1995.

Please note that end of terrace properties are defined as terrace, as opposed to semi detached.

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.