Area guide

Romford, RM7


Overview

On this page you will find in-depth information and analytics about the RM7 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, RM7.

RM7 is a relatively popular area with 454 transactions recorded in the past 12 months, which is 157% higher than the national average of 177. This is also 18.8% lower than the year prior which had 559 transactions.

Romford, RM7 current market prices

The price growth in Romford is lower than the national average, with the 2 year growth at 0.9 times the national average. Compared to other areas, RM7 is a slightly expensive area, with an average price 0.7% higher than the national average. The average house price in Romford, RM7 is £367,453 and the average rent is £916.

RM7 Current Averages

Market characteristic RM7 district National RM7 against national
Average price £367,453 £364,990 0.7%
Average rent £1,293 £916 41.1%
Sales per month 38 15 (54,560 Total) +153.3%

RM7 Growth trends

Growth rate RM7 district National
2yr house growth 8.3% 9.4%
2yr CAGR 4.1% 4.6%
Last 12 months house price growth 13.3% 4.8%

RM7 Average Price by property type

Type Current Average Average 1 year ago Average 2 year ago Historical Average price
All properties £367,453 £324,363 £339,149 £379,850 View houses for sale in RM7
Flats £226,000 £226,143 £232,344 £227,088 View flats for sale in RM7
Detached £450,000 £550,000 £439,500 £558,928 View detached for sale in RM7
Semi-detached £438,286 £356,735 £375,297 £462,466 View semi-detached for sale in RM7
Terraced £395,962 £362,617 £359,905 £414,045 View terraced for sale in RM7
Bungalows N/A N/A N/A £449,167 View bungalows for sale in RM7

RM7 Average Rent by property type

Type Historical Average Price
All properties to rent £2,401 View houses for rent in RM7
Flats for rent £1,123 View flats for rent in RM7
Detached for rent £1,541 View detached for rent in RM7
Semi-detached for rent £1,522 View semi-detached for rent in RM7
Terraced for rent £1,473 View terraced for rent in RM7
Bungalows for rent £1,600 View bungalows for rent in RM7

Romford, RM7 Housing Stock

Romford, RM7 has a total of 13,263 properties, of which 263 are currently for sale and 190 are for rent. Excluding flats, the most common property type in RM7 is terraced with a total of 5,669 houses.

All properties in area

Type Quantity Percentage
Total properties in area 13,263 -
Total flats in area 3,805 28.7%
Total detached in area 511 3.9%
Total semi-detached in area 3,215 24.2%
Total terraced in area 5,669 42.7%
Total other in area 63 0.5%

All properties for sale

Type Quantity Percentage
Total properties for sale 263 - View houses for sale in RM7
Total flats for sale 47 17.9% View flats for sale in RM7
Detached for sale 14 5.3% View detached for sale in RM7
Semi-detached for sale 73 27.8% View semi-detached for sale in RM7
Terraced for sale 89 33.8% View terraced for sale in RM7
Bungalows for sale 6 2.3% View bungalows for sale in RM7
Other properties for sale 34 12.9%

All properties for rent

Type Quantity
Total properties to rent 190 View houses for rent in RM7
Total flats for rent 79 View flats for rent in RM7
Detached for rent 19 View detached for rent in RM7
Semi-detached for rent 16 View semi-detached for rent in RM7
Terraced for rent 22 View terraced for rent in RM7
Bungalows for rent 2 View bungalows for rent in RM7
Other properties for rent 52

Most and least expensive streets in Romford, RM7

Romford, RM7 has a total of 198 streets. The most expensive street in RM7 is King George Close, with an average sale price of £6,215,000. The least expensive street in RM7 is Bernard Road, with an average sale price of £90,000.



Frequently asked questions

What is the rental price in Romford?

The current average rental price in Romford is £1,524 per month. Mouseprice is currently listing 188 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 Crowlands Primary School, Concordia Academy, The Mawney Foundation School, Bep Academy, St Edward's Church of England Academy

What stations are there in Romford?

Nearby stations in Romford include Romford Station, Gidea Park Station, Chadwell Heath Station, Dagenham East Station, Elm Park Station.


Notes

The data above illustrates the relative proportions different types of property in the RM7 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 RM7 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.