Romford property prices

The average property price in Romford postcode area is £362k. The average price increased by £17.5k (5%) over the last twelve months. The price of an established property is £366k. The price of a newly built property is £278k. There were 4.7k property sales and sales dropped by 27.6% (-2.0k transactions). Most properties were sold in the £300k-£400k price range with 1765 (37.2%) properties sold, followed by £400k-£500k price range with 805 (17.0%) properties sold.

February 2020 - January 2021

Romford postcode area

England and Wales

£362k

average property price

£314k

average property price

5%

average price percentage change

6%

average price percentage change

£17.5k

average price change

£17.5k

average price change

Romford house prices map

This price map shows the average property price in a given postcode sector between February 2020 - January 2021. The most affordable place was 'RM18 7' with the average price of £202k. The most expensive place was 'RM4 1', £586k.

Romford house prices map

Romford house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between February 2020 - January 2021 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in postcode area.

Romford house prices compared to other areasAverage price percentage change
Average property price

Romford house price rank

With the average price of £362k, Romford is the 33. most pricey postcode area out of 105 England and Wales' postcode areas.

Romford house price rank

Romford property sales share by price range

shows a number of properties sold in a given price range between February 2020 - January 2021.

Romford property sales share by price range
Property price rangeMarket shareSales volumes
£50k-£100k0.6%28
£100k-£150k2.2%106
£150k-£200k5.9%282
£200k-£250k10.2%484
£250k-£300k15.6%738
£300k-£400k37.2%1.8k
£400k-£500k17.0%805
£500k-£750k9.0%425
£750k-£1M1.7%81
over £1M0.6%28

Romford cost comparison of new homes and older homes

February 2020 - January 2021

Romford cost comparison of new homes and older homes

£278k

A newly built property

£366k

An established property

Romford cost comparison of houses and flats

February 2020 - January 2021

Romford cost comparison of houses and flats

£596k

Detached

£219k

Flat

£423k

Semi-Detached

£340k

Terraced

Romford real house prices

Yearly average nominal house prices adjusted for inflation.

Romford real house prices

Romford house prices compared to England & Wales' house prices

Yearly average nominal prices

Romford house prices

Romford house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Romford house prices and nearby areas

Yearly average nominal prices

Romford house prices and nearby areas

Romford house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Romford house prices new vs established

Romford house prices by property type

Yearly average nominal prices

Romford house prices by property type

Romford house price to earnings ratio

The median property price to median earnings ratio is ranging between 9.1 in Thurrock and 10.8 in Havering. Ie. Thurrock resident with middle-income needs 9.1 gross annual salaries to buy a medium-priced property. Resident in Havering needs 10.8 annual salaries. The England and Wales ratio was 7.7 in 2019.
Romford house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
England and Wales7.7
Thurrock9.1
Barking and Dagenham10.8
Havering10.8

Other reports for Romford postcode area

new home prices

property transactions

population statistics

salary and unemployment

home energy certificates

crime statistics

energy costs

home features

Homeimage/svg+xmlOpencliparteco green house icon2012-05-29T15:40:56https://openclipart.org/detail/170282/eco-green-house-icon-by-cybergedeondominiquechappardecologygreenhomehouseicon