Romford, RM7 current market prices
The price growth in Romford is higher than the national average, with the 2 year growth at
0.4
times the national average.
Compared to other areas, RM7 is a relatively expensive area, with an average price INF% higher than the national average.
The average house price in Romford, RM7 is £241,811 and the average rent is £916.
RM7 Current Averages
| Market characteristic |
RM7 district |
National |
RM7 against national |
| Average price |
£241,811 |
£0 |
INF% |
| Average rent |
£1,293 |
£916 |
41.1% |
| Sales per month |
17 |
7 (49,278 Total) |
+142.9% |
RM7 Growth trends
| Growth rate |
RM7 district |
National |
| 2yr house growth | -38.4% |
-100% |
| 2yr CAGR |
-21.5%
|
0%
|
| Last 12 months house price growth |
-38.4% |
-100% |
RM7 Average Price by property type
| Type |
Current Average |
Average 1 year ago |
Average 2 year ago |
Historical Average price |
|
| All properties |
£241,811 |
£392,577 |
£392,855 |
£418,277 |
View houses for sale in RM7 |
| Flats |
£0 |
£243,464 |
£228,743 |
£246,522 |
View flats for sale in RM7 |
| Detached |
£0 |
£530,000 |
£580,000 |
£664,333 |
View detached for sale in RM7 |
| Semi-detached |
£0 |
£454,045 |
£452,717 |
£474,717 |
View semi-detached for sale in RM7 |
| Terraced |
£0 |
£431,991 |
£416,250 |
£445,338 |
View terraced for sale in RM7 |
| Bungalows |
N/A |
N/A |
N/A |
£458,333 |
View bungalows for sale in RM7 |
Current market 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.
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 RM7 sales since 1995.
The growth trends table shows the change in average house price for the RM7 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.
