Housing Market Analysis for SCHOLARS WAY, RM2 5US

Are you looking to understand RM2 5US house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Havering postcode.

For the location information and nearby amenities in the RM2 5US area, explore the RM2 5US Area information page.
For comprehensive crime statistics in the RM2 5US area, explore the RM2 5US Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the RM2 5US postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £356,065 median price is £335,000 Standard Deviation is £83,583 with Total Sold: 13
    • The Last 5 Year average price is £481,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 5 SCHOLARS WAY: £463,000 (Sold on 20 Feb 2023)
    • The first recorded sale happened at this postcode is 6 SCHOLARS WAY: £279,950 (Sold on 27 May 2004)
  • Detached
    • The average price is around £552,500 median price is £552,500 Standard Deviation is £122,500 with Total Sold: 2
    • The Last 5 Year average price is £675,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 9 SCHOLARS WAY: £675,000 (Sold on 17 Jan 2020)
    • The first recorded sale happened at this postcode is 9 SCHOLARS WAY: £430,000 (Sold on 27 Aug 2004)
  • Semi-Detached
    • The average price is around £309,950 median price is £309,950 Standard Deviation is £5,000 with Total Sold: 2
    • The most recent sale happened at this postcode is 8 SCHOLARS WAY: £304,950 (Sold on 15 Jul 2004)
    • The first recorded sale happened at this postcode is 2 SCHOLARS WAY: £314,950 (Sold on 20 May 2004)
  • Flat
    • The average price is around £279,950 median price is £279,950 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 4 SCHOLARS WAY: £279,950 (Sold on 17 May 2004)
    • The first recorded sale happened at this postcode is 4 SCHOLARS WAY: £279,950 (Sold on 17 May 2004)

Sold Price Trend Over the Years:

Below table and chart gives the average RM2 5US house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£463,000 £6,528 1
2021£500,000 £4,630 1
2017£430,000 £5,443 1
2016£500,000 £4,630 1
2015£357,000 £5,034 1
2013£335,000 £3,102 1
2010£270,000 £3,807 1
2008£335,000 £3,102 1
2006£285,000 £3,958 1
2004£288,462 £3,490 4
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£675,000 £5,233 1
2004£430,000 £3,333 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2004£309,950 £2,916 2
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2004£279,9501

All the Sales in the SCHOLARS WAY, RM2 5US

See the table below for more details on the sold house prices in the RM2 5US, Havering postcode.

AddressSold DatePrice% Change
5 SCHOLARS WAYTerraced, FreeholdArea: 70.92 Sq.mtrAge: 2003-200620 Feb 2023£463,00029.69%
20 Aug 2015£357,00032.22%
10 Dec 2010£270,000-5.26%
16 Jun 2006£285,0005.97%
02 Jul 2004£268,950First Sale
7 SCHOLARS WAYTerraced, FreeholdArea: 108 Sq.mtrAge: 2003-200629 Jan 2021£500,0000.0
26 Sep 2016£500,00049.25%
28 Mar 2013£335,0000.0
19 Jun 2008£335,0009.85%
01 Jun 2004£304,950First Sale
9 SCHOLARS WAYDetached, FreeholdArea: 129 Sq.mtrAge: 2003-200617 Jan 2020£675,00056.98%
27 Aug 2004£430,000First Sale
6 SCHOLARS WAYTerraced, FreeholdArea: 79 Sq.mtrAge: 2003-200618 Aug 2017£430,00053.60%
27 May 2004£279,950First Sale
1 SCHOLARS WAYTerraced, FreeholdArea: 77.79 Sq.mtrAge: 2003-200630 Jul 2004£300,000First Sale
8 SCHOLARS WAYSemi-Detached, Freehold15 Jul 2004£304,950First Sale
2 SCHOLARS WAYSemi-Detached, FreeholdArea: 108 Sq.mtrAge: 2003-200620 May 2004£314,950First Sale
4 SCHOLARS WAYFlat, Freehold17 May 2004£279,950First Sale

Check out the sold house prices near the RM2 5US postcode. Properties currently for saleProperties currently for rent

SCHOLARS WAY, RM2 5US Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the RM2 5US postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the RM2 5US postcode.

  • Semi-Detached
    • The average price is around £280,587 median price is £250,000 Standard Deviation is £152,592 with Total Sold: 1,122
    • The Last 5 Year average price is £486,998 with Total Sold: 186
    • The most recent sale happened at this postcode is , 2 OAKDENE CLOSE: £522,000 (Sold on 19 Aug 2024)
    • The first recorded sale happened at this postcode is , 254 BRENTWOOD ROAD: £93,000 (Sold on 23 Jan 1995)
  • Flat
    • The average price is around £159,010 median price is £151,000 Standard Deviation is £81,686 with Total Sold: 1,283
    • The Last 5 Year average price is £256,835 with Total Sold: 181
    • The most recent sale happened at this postcode is FLAT 5, WILDINGS APARTMENTS, 7 - 9 WITHAM ROAD: £325,000 (Sold on 15 Aug 2024)
    • The first recorded sale happened at this postcode is , 63 PRINCES ROAD: £40,000 (Sold on 18 Jan 1995)
  • Detached
    • The average price is around £372,614 median price is £365,000 Standard Deviation is £173,067 with Total Sold: 367
    • The Last 5 Year average price is £572,916 with Total Sold: 74
    • The most recent sale happened at this postcode is , 23 ROSSALL CLOSE: £620,000 (Sold on 06 Jun 2024)
    • The first recorded sale happened at this postcode is , 60 HEATH PARK ROAD: £128,750 (Sold on 24 Feb 1995)
  • Terraced
    • The average price is around £259,312 median price is £239,995 Standard Deviation is £141,890 with Total Sold: 1,033
    • The Last 5 Year average price is £456,970 with Total Sold: 195
    • The most recent sale happened at this postcode is , 244 VICTORIA ROAD: £400,000 (Sold on 12 Apr 2024)
    • The first recorded sale happened at this postcode is , 1 BRIERLEY CLOSE: £69,000 (Sold on 27 Jan 1995)
  • Other
    • The average price is around £468,209 median price is £335,500 Standard Deviation is £550,222 with Total Sold: 25
    • The Last 5 Year average price is £528,064 with Total Sold: 13
    • The most recent sale happened at this postcode is GROUND FLOOR UNIT, 395 - 397 BRENTWOOD ROAD: £567,000 (Sold on 28 Feb 2024)
    • The first recorded sale happened at this postcode is , 203 BRENTWOOD ROAD: £1,380,000 (Sold on 29 Jul 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£486,500 £5,482 11
2023£508,457 £5,756 23
2022£510,814 £5,539 35
2021£496,847 £4,773 49
2020£453,458 £4,746 36
2019£468,350 £4,800 32
2018£443,270 £4,582 38
2017£464,744 £4,482 39
2016£433,675 £4,388 30
2015£367,261 £3,527 44
2014£340,603 £3,317 34
2013£290,046 £2,950 39
2012£255,000 £3,197 29
2011£297,161 £2,987 31
2010£289,370 £2,979 27
2009£247,707 £2,722 25
2008£280,000 £2,660 17
2007£274,618 £3,042 38
2006£256,780 £2,499 54
2005£247,984 £2,775 56
2004£241,222 £2,471 55
2003£221,453 £1,984 41
2002£189,530 £1,908 54
2001£148,366 £1,663 47
2000£134,384 £1,441 35
1999£118,355 £1,158 45
1998£101,637 £1,080 47
1997£91,666 £947 41
1996£82,346 £834 33
1995£75,880 £775 37
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£251,333 £5,204 9
2023£258,396 £4,491 24
2022£263,189 £4,629 37
2021£247,846 £4,474 39
2020£253,397 £4,384 34
2019£263,266 £4,750 38
2018£248,832 £4,635 40
2017£257,831 £4,475 43
2016£247,681 £4,454 43
2015£210,381 £3,653 45
2014£189,315 £3,216 49
2013£162,854 £2,797 48
2012£153,846 £2,488 26
2011£152,956 £2,666 24
2010£164,683 £3,008 32
2009£159,589 £2,799 31
2008£172,040 £3,898 21
2007£176,935 £3,209 62
2006£179,098 £2,910 63
2005£168,316 £2,961 41
2004£159,370 £2,809 66
2003£141,611 £2,539 76
2002£109,880 £2,366 42
2001£93,992 £1,860 66
2000£71,222 £1,483 45
1999£60,498 £1,184 41
1998£65,226 £1,213 89
1997£48,410 £974 53
1996£44,895 £920 29
1995£42,956 £915 27
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£568,750 £4,820 4
2023£597,625 £5,297 14
2022£586,400 £5,156 15
2021£572,265 £4,792 17
2020£592,857 £4,307 14
2019£492,950 £4,641 10
2018£511,389 £4,955 9
2017£549,167 £4,889 9
2016£511,853 £3,905 17
2015£481,057 £3,757 14
2014£382,071 £3,278 14
2013£366,423 £3,156 13
2012£302,929 £3,131 7
2011£382,433 £3,010 15
2010£374,800 £2,848 5
2009£315,866 £2,505 15
2008£330,800 £3,666 5
2007£377,406 £3,006 16
2006£332,246 £2,586 15
2005£355,739 £2,463 18
2004£390,340 £3,220 21
2003£255,966 £2,387 15
2002£229,333 £2,079 15
2001£182,150 £1,312 10
2000£151,636 £1,421 11
1999£157,937 £1,140 16
1998£150,333 £1,106 9
1997£121,364 £930 11
1996£111,916 £711 6
1995£122,679 £1,054 7
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£491,550 £5,405 10
2023£514,336 £5,389 22
2022£504,936 £5,458 39
2021£421,643 £4,877 56
2020£431,400 £5,043 40
2019£439,920 £4,485 28
2018£411,629 £4,982 33
2017£421,273 £4,906 22
2016£371,569 £4,528 31
2015£336,625 £3,905 32
2014£291,022 £3,302 45
2013£261,185 £3,128 27
2012£240,629 £2,907 31
2011£255,543 £2,797 23
2010£248,182 £2,833 27
2009£213,378 £2,673 27
2008£239,038 £2,774 20
2007£252,935 £2,830 48
2006£211,088 £2,670 50
2005£223,343 £2,585 47
2004£226,167 £2,628 46
2003£198,125 £2,222 44
2002£157,241 £1,798 40
2001£134,686 £1,534 47
2000£122,824 £1,325 36
1999£90,074 £1,093 28
1998£95,815 £980 26
1997£93,418 £1,204 46
1996£67,676 £770 27
1995£68,501 £789 35
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£567,0001
2023£499,167 £4,280 3
2022£1,395,0002
2021£472,333 £14,803 3
2020£111,500 £2,038 2
2019£185,163 £1,615 2
2018£193,375 £3,111 4
2017£9,450 £314 2
2016£533,600 £1,983 5
2015£1,380,0001

House Type in RM2 5US area

The most common house types in the RM2 5US postcode area are Flat (109), Semi-detached (45), and Detached (42).

Total241
Flat109
Semi-detached45
Detached42
Terraced17
converted building15
Shared house12
temporary structure1
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (101), and Private rented: Private landlord or letting agency (74).

Owned: Owns with a mortgage or loan101
Private rented: Private landlord or letting agency74
Owned: Owns outright44
Social rented: Rents from council or Local Authority20
Private rented: Other private rented5
Social rented: Other social rented1
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the RM2 5US have 2 people in household (82), and 1 person in household (77).

2 people in household82
1 person in household77
3 people in household39
4 people in household32
5 people in household9
6 people in household2
8 or more people in household2
0 people in household0
7 people in household0