Housing Market Analysis for THE DRIVE, RM5 3TP

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

Overview of Sold House prices

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

Terraced
- The average price is around £172,069 median price is £155,000 Standard Deviation is £91,893 with Total Sold: 28
- The most recent sale happened at this postcode is 39 THE DRIVE: £347,500 (Sold on 14 Jul 2017)
- The first recorded sale happened at this postcode is 41 THE DRIVE: £64,500 (Sold on 31 Mar 1995)
Semi-Detached
- The average price is around £105,000 median price is £105,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 69 THE DRIVE: £105,000 (Sold on 25 Feb 2000)
- The first recorded sale happened at this postcode is 69 THE DRIVE: £105,000 (Sold on 25 Feb 2000)

Sold Price Trend Over the Years:

Below table and chart gives the average RM5 3TP 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2017	£356,167	£4,910	3
2016	£245,000	£3,127	2
2015	£280,000	£3,415	1
2014	£230,000	£3,310	2
2013	£205,000	£2,887	1
2011	£212,000	£2,986	1
2007	£224,995		1
2006	£197,300		1
2005	£166,000	£2,026	2
2003	£151,000		1
2002	£150,498	£1,759	2
2000	£101,333	£1,309	3
1999	£87,748		2
1998	£80,072		2
1996	£69,000		1
1995	£62,500	£812	3

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2000	£105,000		1

All the Sales in the THE DRIVE, RM5 3TP

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

Address	Sold Date	Price	% Change
39 THE DRIVETerraced, FreeholdArea: 71 Sq.mtrAge: 1900-1929	14 Jul 2017	£347,500	63.92%
39 THE DRIVETerraced, FreeholdArea: 71 Sq.mtrAge: 1900-1929	01 Aug 2011	£212,000	First Sale
25 THE DRIVETerraced, FreeholdArea: 61 Sq.mtrAge: 1930-1949	12 May 2017	£316,000	First Sale
43 THE DRIVETerraced, FreeholdArea: 87 Sq.mtrAge: 1930-1949	28 Mar 2017	£405,000	62.00%
43 THE DRIVETerraced, FreeholdArea: 87 Sq.mtrAge: 1930-1949	12 Feb 2016	£250,000	First Sale
31 THE DRIVETerraced, FreeholdArea: 71 Sq.mtrAge: 1930-1949	04 Nov 2016	£240,000	First Sale
51 THE DRIVETerraced, FreeholdArea: 82 Sq.mtrAge: 1930-1949	27 Jul 2015	£280,000	174.51%
51 THE DRIVETerraced, FreeholdArea: 82 Sq.mtrAge: 1930-1949	24 May 2000	£102,000	First Sale
27 THE DRIVETerraced, FreeholdArea: 61.5 Sq.mtrAge: 1930-1949	14 Apr 2014	£210,000	First Sale
63 THE DRIVETerraced, FreeholdArea: 78 Sq.mtrAge: 1930-1949	01 Apr 2014	£250,000	First Sale
55 THE DRIVETerraced, FreeholdArea: 71 Sq.mtrAge: 1930-1949	12 Dec 2013	£205,000	First Sale
41 THE DRIVETerraced, Freehold	25 Apr 2007	£224,995	174.55%
	18 Aug 1998	£81,950	27.05%
	31 Mar 1995	£64,500	First Sale
59 THE DRIVETerraced, Freehold	27 Sep 2006	£197,300	152.32%
59 THE DRIVETerraced, Freehold	04 Dec 1998	£78,195	First Sale
61 THE DRIVETerraced, FreeholdArea: 77.49 Sq.mtrAge: 1930-1949	14 Oct 2005	£157,000	First Sale
23 THE DRIVETerraced, Freehold	12 Aug 2005	£175,000	90.22%
23 THE DRIVETerraced, Freehold	09 Nov 2000	£92,000	First Sale
53 THE DRIVETerraced, Freehold	14 Feb 2003	£151,000	First Sale
19 THE DRIVETerraced, Freehold	20 Sep 2002	£147,995	First Sale
17 THE DRIVETerraced, FreeholdArea: 87 Sq.mtrAge: 1930-1949	30 Aug 2002	£153,000	First Sale
65 THE DRIVETerraced, FreeholdArea: 80 Sq.mtrAge: 1930-1949	27 Jul 2000	£110,000	69.23%
65 THE DRIVETerraced, FreeholdArea: 80 Sq.mtrAge: 1930-1949	21 Jul 1995	£65,000	First Sale
69 THE DRIVESemi-Detached, Freehold	25 Feb 2000	£105,000	First Sale
57 THE DRIVETerraced, Freehold	05 Nov 1999	£94,995	First Sale
49 THE DRIVETerraced, Freehold	31 Mar 1999	£80,500	First Sale
35 THE DRIVETerraced, Freehold	30 Aug 1996	£69,000	First Sale
13 THE DRIVETerraced, Freehold	27 Oct 1995	£58,000	First Sale

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

THE DRIVE, RM5 3TP Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £252,676 median price is £237,500 Standard Deviation is £130,602 with Total Sold: 1,153
- The Last 5 Year average price is £422,108 with Total Sold: 221
- The most recent sale happened at this postcode is , 53 AYR WAY: £559,200 (Sold on 09 Sep 2024)
- The first recorded sale happened at this postcode is , 38 BERKELEY AVENUE: £64,300 (Sold on 09 Jan 1995)
Terraced
- The average price is around £230,793 median price is £210,000 Standard Deviation is £123,269 with Total Sold: 951
- The Last 5 Year average price is £410,629 with Total Sold: 160
- The most recent sale happened at this postcode is , 36 FELSTEAD ROAD: £460,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 17 FELSTEAD ROAD: £54,500 (Sold on 06 Jan 1995)
Flat
- The average price is around £149,412 median price is £144,000 Standard Deviation is £76,885 with Total Sold: 501
- The Last 5 Year average price is £258,489 with Total Sold: 79
- The most recent sale happened at this postcode is , 170 CHELMSFORD AVENUE: £287,000 (Sold on 30 Jul 2024)
- The first recorded sale happened at this postcode is , 171 CHELMSFORD AVENUE: £45,000 (Sold on 27 Jan 1995)
Detached
- The average price is around £312,218 median price is £300,000 Standard Deviation is £152,883 with Total Sold: 316
- The Last 5 Year average price is £515,444 with Total Sold: 48
- The most recent sale happened at this postcode is , 40 HORNDON ROAD: £577,500 (Sold on 30 Jan 2024)
- The first recorded sale happened at this postcode is , 48 FELSTEAD ROAD: £113,000 (Sold on 02 Jun 1995)
Other
- The average price is around £368,586 median price is £314,250 Standard Deviation is £506,717 with Total Sold: 16
- The Last 5 Year average price is £237,429 with Total Sold: 7
- The most recent sale happened at this postcode is , 28 BROCKLEY CRESCENT: £325,000 (Sold on 23 Jun 2023)
- The first recorded sale happened at this postcode is , 93A CHASE CROSS ROAD: £380,000 (Sold on 14 Jun 2013)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£493,591	£5,278	24
2023	£437,038	£5,014	26
2022	£472,268	£5,262	28
2021	£416,578	£5,089	54
2020	£398,168	£4,510	44
2019	£374,190	£4,212	45
2018	£397,835	£4,443	41
2017	£379,965	£4,366	30
2016	£389,416	£4,277	38
2015	£326,259	£3,614	42
2014	£272,974	£3,415	39
2013	£246,645	£3,087	39
2012	£243,147	£3,163	29
2011	£218,550	£2,716	20
2010	£237,479	£2,740	28
2009	£221,858	£2,650	33
2008	£235,157	£2,597	27
2007	£259,560	£2,857	58
2006	£223,007	£2,425	62
2005	£217,680	£2,205	36
2004	£213,034	£2,447	48
2003	£207,909	£2,388	37
2002	£169,030	£1,812	48
2001	£134,081	£1,706	42
2000	£115,793	£1,446	31
1999	£97,830	£1,159	46
1998	£97,189	£1,087	53
1997	£81,876	£924	31
1996	£76,378	£996	39
1995	£76,958	£867	35

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£436,740	£5,094	13
2023	£443,704	£5,044	27
2022	£445,649	£5,083	31
2021	£376,826	£4,589	44
2020	£381,521	£4,276	28
2019	£409,706	£4,224	17
2018	£359,376	£4,418	45
2017	£359,270	£4,457	37
2016	£348,778	£4,038	27
2015	£297,736	£3,179	30
2014	£250,603	£3,023	29
2013	£224,326	£2,612	32
2012	£223,182	£2,565	30
2011	£216,793	£2,607	22
2010	£209,991	£2,535	28
2009	£191,104	£2,367	27
2008	£212,091	£2,345	11
2007	£222,827	£2,529	51
2006	£198,751	£2,493	35
2005	£203,421	£2,256	33
2004	£183,279	£2,273	43
2003	£188,915	£1,978	44
2002	£149,920	£1,684	42
2001	£117,567	£1,471	42
2000	£108,514	£1,356	24
1999	£82,361	£971	32
1998	£84,752	£925	34
1997	£67,777	£829	29
1996	£64,398	£738	30
1995	£64,885	£771	34

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£271,417	£4,143	6
2023	£278,107	£4,809	14
2022	£283,188	£4,392	16
2021	£244,766	£4,346	13
2020	£239,431	£4,124	16
2019	£239,625	£4,301	14
2018	£232,175	£4,294	20
2017	£242,500	£4,219	20
2016	£217,975	£4,069	20
2015	£184,049	£3,141	13
2014	£159,071	£3,219	14
2013	£155,450	£2,602	10
2012	£152,719	£2,550	16
2011	£144,975	£2,403	20
2010	£134,909	£2,306	11
2009	£147,583	£2,306	12
2008	£162,277	£2,724	9
2007	£168,113	£3,055	22
2006	£140,885	£2,357	28
2005	£133,625	£2,526	22
2004	£129,657	£2,362	19
2003	£119,846	£2,249	13
2002	£95,751	£1,793	24
2001	£79,335	£1,727	23
2000	£70,889	£1,112	17
1999	£59,239	£1,091	24
1998	£54,763	£1,061	18
1997	£44,037	£854	19
1996	£41,971	£766	12
1995	£41,812	£704	16

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£577,500		1
2023	£596,312	£5,360	8
2022	£561,312	£5,518	8
2021	£457,550	£5,568	16
2020	£646,750	£5,732	4
2019	£454,091	£4,556	11
2018	£477,000	£3,888	9
2017	£429,214	£4,729	14
2016	£471,545	£3,752	11
2015	£352,921	£4,009	19
2014	£334,142	£3,469	14
2013	£276,500	£3,169	8
2012	£319,000	£3,043	5
2011	£322,998	£3,482	3
2010	£296,231	£3,048	8
2009	£314,200	£2,871	5
2008	£296,000	£2,410	7
2007	£313,659	£2,900	22
2006	£301,277	£2,812	9
2005	£350,582	£2,060	6
2004	£297,970	£2,675	17
2003	£311,926	£2,022	19
2002	£231,312	£2,354	16
2001	£188,658	£1,947	6
2000	£164,829	£1,434	12
1999	£148,083	£1,602	6
1998	£131,600	£1,133	10
1997	£102,250	£894	9
1996	£118,262	£956	24
1995	£86,306	£892	9

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£325,000	£4,643	1
2021	£330,000	£510	4
2019	£8,500		2
2018	£70,050	£2,128	2
2017	£316,000		1
2016	£312,500		1
2015	£915,590	£4,444	3
2014	£340,000	£3,778	1
2013	£380,000	£4,935	1

House Type in RM5 3TP area

The most common house types in the RM5 3TP postcode area are Terraced (103), Semi-detached (26), and Detached (8).

Total	138
Terraced	103
Semi-detached	26
Detached	8
Flat	1
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (66), and Owned: Owns outright (55).

Owned: Owns with a mortgage or loan	66
Owned: Owns outright	55
Private rented: Private landlord or letting agency	21
Social rented: Rents from council or Local Authority	1
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Other social rented	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the RM5 3TP have 2 people in household (36), and 3 people in household (33).

2 people in household	36
3 people in household	33
4 people in household	32
1 person in household	21
5 people in household	14
6 people in household	3
8 or more people in household	2
0 people in household	0
7 people in household	0