Housing Market Analysis for PROSPECT PLACE, RM5 3DS

Are you looking to understand RM5 3DS 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 RM5 3DS area, explore the RM5 3DS Area information page.
For comprehensive crime statistics in the RM5 3DS area, explore the RM5 3DS Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the RM5 3DS postcode area, The average prices are as follows,

  • Flat
    • The average price is around £114,938 median price is £103,000 Standard Deviation is £32,423 with Total Sold: 4
    • The Last 5 Year average price is £168,750 with Total Sold: 1
    • The most recent sale happened at this postcode is 42 PROSPECT PLACE: £168,750 (Sold on 31 Jan 2022)
    • The first recorded sale happened at this postcode is 42 PROSPECT PLACE: £95,000 (Sold on 10 Aug 2004)

Sold Price Trend Over the Years:

Below table and chart gives the average RM5 3DS 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: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£168,750 £3,013 1
2012£85,000 £1,518 1
2007£111,000 £1,982 1
2004£95,000 £1,638 1

All the Sales in the PROSPECT PLACE, RM5 3DS

See the table below for more details on the sold house prices in the RM5 3DS, Havering postcode.

AddressSold DatePrice% Change
42 PROSPECT PLACEFlat, LeaseholdArea: 56 Sq.mtrAge: 1950-196631 Jan 2022£168,75077.63%
10 Aug 2004£95,000First Sale
31 PROSPECT PLACEFlat, LeaseholdArea: 56 Sq.mtrAge: 1950-196627 Nov 2012£85,000-23.42%
12 Jan 2007£111,000First Sale

Check out the sold house prices near the RM5 3DS postcode. Properties currently for saleProperties currently for rent

PROSPECT PLACE, RM5 3DS Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the RM5 3DS 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 3DS postcode.

  • Terraced
    • The average price is around £225,934 median price is £205,000 Standard Deviation is £121,901 with Total Sold: 1,198
    • The Last 5 Year average price is £403,555 with Total Sold: 205
    • The most recent sale happened at this postcode is , 25 MOWBRAYS ROAD: £440,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 113 LINLEY CRESCENT: £58,000 (Sold on 09 Jan 1995)
  • Detached
    • The average price is around £297,813 median price is £275,000 Standard Deviation is £155,320 with Total Sold: 187
    • The Last 5 Year average price is £501,357 with Total Sold: 35
    • The most recent sale happened at this postcode is , 221 COLLIER ROW LANE: £535,000 (Sold on 15 Aug 2024)
    • The first recorded sale happened at this postcode is , 234 COLLIER ROW LANE: £121,500 (Sold on 12 Jan 1995)
  • Semi-Detached
    • The average price is around £259,284 median price is £242,750 Standard Deviation is £135,695 with Total Sold: 1,160
    • The Last 5 Year average price is £434,821 with Total Sold: 233
    • The most recent sale happened at this postcode is , 9 WALMER CLOSE: £510,000 (Sold on 15 Aug 2024)
    • The first recorded sale happened at this postcode is , 424 MAWNEY ROAD: £75,000 (Sold on 12 Jan 1995)
  • Flat
    • The average price is around £135,640 median price is £133,000 Standard Deviation is £73,421 with Total Sold: 411
    • The Last 5 Year average price is £226,352 with Total Sold: 61
    • The most recent sale happened at this postcode is , 102 PORTNOI CLOSE: £187,500 (Sold on 22 Mar 2024)
    • The first recorded sale happened at this postcode is FLAT 2, PARKLAND COURT HAYDEN WAY: £43,000 (Sold on 08 Feb 1995)
  • Other
    • The average price is around £8,393,146 median price is £962,500 Standard Deviation is £19,248,796 with Total Sold: 12
    • The Last 5 Year average price is £15,164,550 with Total Sold: 5
    • The most recent sale happened at this postcode is , 11 OAKS AVENUE: £565,000 (Sold on 02 Nov 2022)
    • The first recorded sale happened at this postcode is , UNIT 2-3 KING GEORGE CLOSE: £16,575,000 (Sold on 30 Nov 2016)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£440,639 £4,802 19
2023£440,752 £5,282 29
2022£427,519 £5,098 46
2021£378,577 £4,554 39
2020£381,949 £4,258 39
2019£371,167 £4,254 33
2018£355,988 £4,330 49
2017£358,074 £4,304 47
2016£347,163 £3,868 35
2015£277,411 £3,403 43
2014£255,897 £2,949 34
2013£225,690 £2,562 42
2012£220,083 £2,663 24
2011£202,210 £2,577 31
2010£203,080 £2,451 25
2009£195,115 £2,354 30
2008£236,812 £2,317 16
2007£223,680 £2,627 69
2006£197,906 £2,442 48
2005£198,295 £2,292 43
2004£184,610 £2,030 58
2003£179,251 £2,044 42
2002£147,595 £1,692 54
2001£112,861 £1,411 47
2000£108,967 £1,276 39
1999£89,871 £1,079 44
1998£80,698 £959 34
1997£69,709 £860 45
1996£64,217 £767 45
1995£65,170 £787 49
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£556,2502
2023£540,700 £5,237 5
2022£536,667 £5,650 6
2021£492,409 £5,220 11
2020£467,500 £4,239 4
2019£460,714 £4,967 7
2018£485,000 £4,229 2
2017£429,333 £5,139 9
2016£425,278 £4,021 9
2015£421,389 £4,329 9
2014£345,375 £3,485 8
2013£306,267 £3,257 6
2012£307,500 £3,060 4
2011£295,700 £2,995 5
2010£244,222 £2,488 9
2009£252,375 £3,465 4
2008£267,000 £4,162 3
2007£266,194 £3,139 10
2006£261,944 £2,657 9
2005£226,000 £5,136 1
2004£253,125 £3,173 4
2003£244,688 £2,650 8
2002£166,167 £2,174 6
2001£116,667 £1,810 3
2000£134,206 £1,291 7
1999£110,469 £1,444 5
1998£125,744 £1,223 9
1997£106,900 £1,245 5
1996£94,750 £851 12
1995£102,900 £912 5
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£495,714 £4,986 14
2023£470,610 £4,710 36
2022£478,255 £5,218 49
2021£429,520 £4,797 51
2020£395,156 £4,284 32
2019£381,301 £4,077 51
2018£389,688 £4,310 52
2017£388,795 £4,260 41
2016£364,815 £3,745 46
2015£331,962 £3,425 39
2014£274,037 £3,198 35
2013£257,311 £2,533 41
2012£249,321 £2,755 28
2011£242,489 £2,545 23
2010£247,684 £2,592 40
2009£230,332 £2,556 31
2008£236,435 £2,790 23
2007£240,699 £2,437 40
2006£233,571 £2,503 42
2005£213,579 £2,062 41
2004£206,345 £2,242 48
2003£200,201 £1,977 27
2002£164,248 £1,671 45
2001£132,286 £1,378 34
2000£124,367 £1,284 35
1999£104,917 £1,052 54
1998£95,999 £1,078 36
1997£79,889 £801 43
1996£74,811 £768 49
1995£69,703 £787 34
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£187,500 £3,942 1
2023£235,778 £4,334 9
2022£230,345 £4,096 10
2021£218,579 £4,410 19
2020£241,700 £3,892 10
2019£218,708 £3,987 12
2018£248,320 £4,431 12
2017£249,214 £3,867 7
2016£228,812 £3,611 16
2015£190,448 £3,108 24
2014£156,757 £2,659 14
2013£134,375 £2,615 12
2012£141,978 £2,251 9
2011£133,250 £2,503 6
2010£131,727 £2,286 11
2009£122,750 £2,028 4
2008£152,808 £2,603 13
2007£144,809 £2,560 21
2006£161,179 £2,445 14
2005£133,971 £2,351 17
2004£129,713 £2,325 15
2003£111,142 £1,868 14
2002£84,000 £1,635 16
2001£73,912 £1,334 15
2000£65,791 £1,176 24
1999£59,500 £1,035 15
1998£49,547 £922 20
1997£45,968 £761 19
1996£41,571 £698 12
1995£40,475 £901 20
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£565,000 £4,631 1
2021£70,500,0001
2020£270,000 £5,294 1
2019£2,243,8752
2017£1,386,667 £3,587 6
2016£16,575,0001

House Type in RM5 3DS area

The most common house types in the RM5 3DS postcode area are Flat (69), Semi-detached (55), and Terraced (5).

Total131
Flat69
Semi-detached55
Terraced5
Shared house1
converted building1
Detached0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Social rented: Rents from council or Local Authority (53), and Owned: Owns outright (34).

Social rented: Rents from council or Local Authority53
Owned: Owns outright34
Owned: Owns with a mortgage or loan22
Private rented: Private landlord or letting agency18
Social rented: Other social rented2
Private rented: Other private rented2
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the RM5 3DS have 2 people in household (49), and 3 people in household (29).

2 people in household49
3 people in household29
1 person in household27
4 people in household16
5 people in household8
6 people in household1
7 people in household1
0 people in household0
8 or more people in household0