Housing Market Analysis for ROMFORD ROAD, RM5 2DP

Are you looking to understand RM5 2DP 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 Redbridge postcode.

For the location information and nearby amenities in the RM5 2DP area, explore the RM5 2DP Area information page.
For comprehensive crime statistics in the RM5 2DP area, explore the RM5 2DP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the RM5 2DP postcode area, The average prices are as follows,

  • Detached
    • The average price is around £250,000 median price is £250,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is DERWENT ROMFORD ROAD: £250,000 (Sold on 22 May 1996)
    • The first recorded sale happened at this postcode is DERWENT ROMFORD ROAD: £250,000 (Sold on 22 May 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average RM5 2DP 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: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
1996£250,0001

All the Sales in the ROMFORD ROAD, RM5 2DP

See the table below for more details on the sold house prices in the RM5 2DP, Redbridge postcode.

AddressSold DatePrice% Change
DERWENT ROMFORD ROADDetached, Freehold22 May 1996£250,000First Sale

Check out the sold house prices near the RM5 2DP postcode. Properties currently for saleProperties currently for rent

ROMFORD ROAD, RM5 2DP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the RM5 2DP 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 RM5 2DP postcode.

  • Flat
    • The average price is around £142,625 median price is £142,625 Standard Deviation is £36,625 with Total Sold: 2
    • The Last 5 Year average price is £142,625 with Total Sold: 2
    • The most recent sale happened at this postcode is 4, YARROW HOUSE, 5 ALLERTON GROVE: £106,000 (Sold on 15 Aug 2022)
    • The first recorded sale happened at this postcode is 2, YARROW HOUSE, 5 ALLERTON GROVE: £179,250 (Sold on 19 Jun 2020)
  • Terraced
    • The average price is around £521,714 median price is £525,000 Standard Deviation is £38,459 with Total Sold: 7
    • The Last 5 Year average price is £512,500 with Total Sold: 4
    • The most recent sale happened at this postcode is , 1 KETTS PLACE: £550,000 (Sold on 24 Mar 2022)
    • The first recorded sale happened at this postcode is , 5 KETTS PLACE: £525,000 (Sold on 31 Mar 2017)
  • Detached
    • The average price is around £439,017 median price is £480,000 Standard Deviation is £185,773 with Total Sold: 15
    • The Last 5 Year average price is £700,000 with Total Sold: 2
    • The most recent sale happened at this postcode is , 3 BEWDLEY PLACE: £650,000 (Sold on 17 Dec 2021)
    • The first recorded sale happened at this postcode is , DERWENT ROMFORD ROAD: £250,000 (Sold on 22 May 1996)
  • Semi-Detached
    • The average price is around £220,000 median price is £70,000 Standard Deviation is £212,132 with Total Sold: 3
    • The most recent sale happened at this postcode is , SUNNYSIDE FIVE OAKS LANE: £520,000 (Sold on 30 Nov 2005)
    • The first recorded sale happened at this postcode is , FOREST VIEW FIVE OAKS LANE: £70,000 (Sold on 28 Feb 1997)

Sold Price Trend Over the Years:

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£106,000 £2,465 1
2020£179,250 £2,891 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£550,000 £5,392 1
2021£470,000 £6,498 2
2020£560,000 £4,341 1
2019£552,000 £4,279 1
2017£525,000 £4,102 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£700,000 £5,325 2
2007£457,5002
2006£386,0002
2005£537,000 £6,393 1
2003£489,167 £4,167 3
2002£347,9173
1996£225,0002
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2005£520,0001
1997£70,000 £953 2

House Type in RM5 2DP area

The most common house types in the RM5 2DP postcode area are Flat (80), Terraced (61), and Detached (50).

Total228
Flat80
Terraced61
Detached50
Semi-detached36
converted building1
Shared house0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (168), and Shared ownership: Shared ownership (28).

Owned: Owns with a mortgage or loan168
Shared ownership: Shared ownership28
Private rented: Private landlord or letting agency14
Owned: Owns outright12
Social rented: Rents from council or Local Authority3
Social rented: Other social rented3
Private rented: Other private rented2
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the RM5 2DP have 2 people in household (75), and 1 person in household (61).

2 people in household75
1 person in household61
3 people in household47
4 people in household36
5 people in household6
6 people in household3
8 or more people in household1
0 people in household0
7 people in household0