Housing Market Analysis for THE DRIVE, RM5 3TR

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

Overview of Sold House prices

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

Terraced
- The average price is around £199,342 median price is £174,500 Standard Deviation is £112,635 with Total Sold: 34
- The Last 5 Year average price is £442,750 with Total Sold: 4
- The most recent sale happened at this postcode is 28 THE DRIVE: £435,000 (Sold on 11 Sep 2023)
- The first recorded sale happened at this postcode is 64 THE DRIVE: £69,000 (Sold on 31 Mar 1995)
Semi-Detached
- The average price is around £232,666 median price is £218,000 Standard Deviation is £96,629 with Total Sold: 9
- The most recent sale happened at this postcode is 72 THE DRIVE: £325,000 (Sold on 29 Sep 2016)
- The first recorded sale happened at this postcode is 10 THE DRIVE: £97,000 (Sold on 27 May 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average RM5 3TR 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
2023	£435,000	£5,241	1
2022	£495,000	£5,511	2
2021	£346,000	£4,494	1
2018	£330,000	£4,783	1
2016	£287,500	£4,514	2
2010	£218,250	£3,136	1
2009	£171,250	£2,297	2
2008	£260,000		1
2007	£234,995		1
2005	£208,475	£1,517	2
2004	£181,750	£2,529	4
2003	£164,900	£2,335	5
2002	£93,000		2
2001	£127,332	£1,812	3
2000	£108,000		1
1999	£86,000		1
1998	£89,225		2
1995	£68,500	£910	2

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2016	£325,000	£4,710	1
2015	£393,000	£3,070	1
2010	£218,000	£2,917	1
2008	£285,000	£3,098	1
2006	£299,995	£2,344	1
2004	£210,000		1
2003	£175,000	£2,536	1
1999	£93,998	£1,187	2

All the Sales in the THE DRIVE, RM5 3TR

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

Address	Sold Date	Price	% Change
28 THE DRIVETerraced, FreeholdArea: 83 Sq.mtrAge: 1930-1949	11 Sep 2023	£435,000	539.71%
28 THE DRIVETerraced, FreeholdArea: 83 Sq.mtrAge: 1930-1949	30 Nov 1995	£68,000	First Sale
64 THE DRIVETerraced, FreeholdArea: 69 Sq.mtrAge: 1930-1949	20 Dec 2022	£450,000	260.01%
	12 Sep 2001	£124,995	81.15%
	31 Mar 1995	£69,000	First Sale
20 THE DRIVETerraced, FreeholdArea: 120 Sq.mtrAge: 1930-1949	23 Sep 2022	£540,000	196.70%
	24 Jun 2005	£182,000	First Sale
60 THE DRIVETerraced, FreeholdArea: 77 Sq.mtrAge: 1930-1949	22 Mar 2021	£346,000	First Sale
50 THE DRIVETerraced, FreeholdArea: 69 Sq.mtrAge: 1930-1949	29 Mar 2018	£330,000	First Sale
72 THE DRIVESemi-Detached, FreeholdArea: 69 Sq.mtrAge: 1930-1949	29 Sep 2016	£325,000	85.71%
	29 Aug 2003	£175,000	92.32%
	10 Dec 1999	£90,995	First Sale
58 THE DRIVETerraced, FreeholdArea: 72 Sq.mtrAge: 1930-1949	14 Jul 2016	£325,000	First Sale
32 THE DRIVETerraced, Freehold	04 Mar 2016	£250,000	44.93%
	24 Jul 2009	£172,500	119.75%
	30 Oct 1998	£78,500	First Sale
74 THE DRIVESemi-Detached, FreeholdArea: 128 Sq.mtrAge: 1950-1966	02 Feb 2015	£393,000	31.00%
	21 Jun 2006	£299,995	First Sale
40 THE DRIVETerraced, FreeholdArea: 69.59 Sq.mtrAge: 1930-1949	22 Dec 2010	£218,250	34.31%
	17 Jan 2003	£162,500	First Sale
12 THE DRIVESemi-Detached, FreeholdArea: 74.73 Sq.mtrAge: 1930-1949	24 Jun 2010	£218,000	First Sale
34 THE DRIVETerraced, FreeholdArea: 74 Sq.mtrAge: 1930-1949	14 Apr 2009	£170,000	First Sale
10 THE DRIVESemi-Detached, FreeholdArea: 92 Sq.mtrAge: 1930-1949	28 Jul 2008	£285,000	193.81%
	27 May 1999	£97,000	First Sale
42 THE DRIVETerraced, Freehold	02 May 2008	£260,000	10.66%
42 THE DRIVETerraced, Freehold	09 Jun 2005	£234,950	First Sale
30 THE DRIVETerraced, Freehold	20 Aug 2007	£234,995	35.05%
	12 Feb 2004	£174,000	39.20%
	08 Aug 2003	£125,000	First Sale
8 THE DRIVESemi-Detached, Freehold	17 Dec 2004	£210,000	First Sale
70 THE DRIVETerraced, FreeholdArea: 68 Sq.mtrAge: 1930-1949	08 Sep 2004	£172,000	First Sale
22 THE DRIVETerraced, Freehold	12 Aug 2004	£193,000	First Sale
62 THE DRIVETerraced, Freehold	02 Feb 2004	£188,000	2.17%
	07 Mar 2003	£184,000	268.00%
	02 Oct 2002	£50,000	First Sale
56 THE DRIVETerraced, Freehold	31 Oct 2003	£178,000	First Sale
18 THE DRIVETerraced, Freehold	05 Sep 2003	£175,000	40.00%
18 THE DRIVETerraced, Freehold	30 Jul 2001	£125,000	First Sale
68 THE DRIVETerraced, Freehold	25 Jun 2002	£136,000	58.14%
68 THE DRIVETerraced, Freehold	09 Aug 1999	£86,000	First Sale
38 THE DRIVETerraced, Freehold	03 Dec 2001	£132,000	First Sale
16 THE DRIVETerraced, Freehold	05 May 2000	£108,000	First Sale
24 THE DRIVETerraced, Freehold	19 Jun 1998	£99,950	First Sale

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

THE DRIVE, RM5 3TR Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £255,440 median price is £239,995 Standard Deviation is £132,180 with Total Sold: 1,177
- The Last 5 Year average price is £427,659 with Total Sold: 228
- 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 £231,481 median price is £210,000 Standard Deviation is £123,648 with Total Sold: 976
- The Last 5 Year average price is £412,711 with Total Sold: 162
- 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 £149,903 median price is £144,000 Standard Deviation is £76,646 with Total Sold: 499
- 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)
Other
- The average price is around £274,114 median price is £314,250 Standard Deviation is £239,321 with Total Sold: 14
- The Last 5 Year average price is £247,000 with Total Sold: 7
- The most recent sale happened at this postcode is , 59 HEATHER WAY: £427,000 (Sold on 10 May 2024)
- The first recorded sale happened at this postcode is , 93A CHASE CROSS ROAD: £380,000 (Sold on 14 Jun 2013)
Detached
- The average price is around £311,401 median price is £297,500 Standard Deviation is £153,370 with Total Sold: 319
- The Last 5 Year average price is £518,162 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)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£493,508	£5,126	26
2023	£441,893	£5,129	28
2022	£481,350	£5,177	30
2021	£422,714	£5,127	57
2020	£395,253	£4,553	41
2019	£381,773	£4,251	46
2018	£402,069	£4,374	40
2017	£378,795	£4,262	32
2016	£389,800	£4,296	36
2015	£327,565	£3,622	44
2014	£277,341	£3,438	41
2013	£250,589	£3,083	41
2012	£247,174	£3,122	33
2011	£218,550	£2,716	20
2010	£239,175	£2,724	28
2009	£223,274	£2,645	34
2008	£236,676	£2,657	27
2007	£259,955	£2,857	56
2006	£227,911	£2,435	62
2005	£221,243	£2,157	39
2004	£215,971	£2,458	47
2003	£215,195	£2,454	36
2002	£171,010	£1,801	47
2001	£136,373	£1,728	44
2000	£118,184	£1,413	33
1999	£98,656	£1,165	46
1998	£97,130	£1,080	54
1997	£83,446	£918	34
1996	£77,821	£1,018	39
1995	£78,834	£885	36

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£436,740	£5,094	13
2023	£443,704	£5,044	27
2022	£443,875	£5,154	31
2021	£387,635	£4,564	47
2020	£381,521	£4,276	28
2019	£408,750	£4,230	16
2018	£358,269	£4,474	48
2017	£359,224	£4,431	38
2016	£352,828	£4,037	29
2015	£300,378	£3,218	32
2014	£251,919	£2,975	31
2013	£221,413	£2,622	35
2012	£223,182	£2,565	30
2011	£217,367	£2,634	23
2010	£209,991	£2,535	28
2009	£192,066	£2,366	27
2008	£216,818	£2,284	11
2007	£222,827	£2,529	51
2006	£199,091	£2,481	36
2005	£204,028	£2,228	32
2004	£183,407	£2,275	43
2003	£189,312	£1,959	44
2002	£150,108	£1,684	43
2001	£117,566	£1,463	43
2000	£109,667	£1,360	23
1999	£82,592	£970	33
1998	£87,572	£934	36
1997	£68,626	£851	32
1996	£64,877	£744	33
1995	£65,033	£763	33

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	£73,320	£1,153	16
1999	£59,239	£1,091	24
1998	£54,763	£1,061	18
1997	£44,037	£854	19
1996	£41,971	£766	12
1995	£43,133	£715	15

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£427,000		1
2023	£325,000	£4,643	1
2021	£320,000	£510	3
2019	£8,500		2
2018	£130,100	£2,128	1
2017	£316,000		1
2016	£312,500		1
2015	£315,000	£4,444	2
2014	£340,000	£3,778	1
2013	£380,000	£4,935	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£577,500		1
2023	£600,056	£5,444	9
2022	£570,143	£5,476	7
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	£348,916	£4,062	18
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	£311,417	£2,837	6
2008	£296,000	£2,410	7
2007	£316,761	£2,900	23
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	£152,643	£1,638	7
1998	£129,450	£1,111	11
1997	£102,250	£894	9
1996	£118,262	£956	24
1995	£86,306	£892	9

House Type in RM5 3TR area

The most common house types in the RM5 3TR 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 3TR 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