Market Place - RM1 3AB
Key Postcode Insights
RM1 3AB is a residential postcode situated on Market Place, Romford, RM1 with 30 addresses.
It ranks as the 296th largest and 120th most expensive of the 442 postcodes in the RM1 area.
The postcode contains a total of 30 properties: 1 house and 29 flats.
- Ave. Sale Price
- £301,734
- 10 Year change
- up 9.6%
- Ave. Rental Price
- £1,676pcm
- 10 Year change
- up 39.6%
- Ave. £ per ft²
- £524/ft²
- Ave. Gross Yield
- 6.7%/year/yr
Key Postcode Insights
RM1 3AB is a residential postcode situated on Market Place, Romford, RM1 with 30 addresses.
It ranks as the 296th largest and 120th most expensive of the 442 postcodes in the RM1 area.
The postcode contains a total of 30 properties: 1 house and 29 flats.
- Ave. Sale Price
- £301,734
- 10 Year change
- up 9.6%
- Ave. Rental Price
- £1,676pcm
- 10 Year change
- up 39.6%
- Ave. £ per ft²
- £524/ft²
- Ave. Gross Yield
- 6.7%/year/yr
Explore Propertiesin RM1 3AB
- Lofthaus Apartments
8 Units
- Romford Shopping Hall
17 Units
- 7 Market Place
Building | 4 Flats
- 17-19 Market Place
House
Sales Market Trends
The last sale in RM1 3AB sold for £1,940,000 on 27th November 2024. Since then prices are down an average of 2.2%.
The current average value in the postcode is £301,734.
The RM1 3AB Sales Market has increased by 9.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0% | £301,734 |
| June 2025 | 1.4% | £301,874 |
| June 2024 | 0.2% | £297,583 |
| June 2023 | -2.3% | £296,865 |
| June 2022 | 6.8% | £303,770 |
| June 2021 | 1.5% | £284,543 |
| June 2020 | 1.1% | £280,203 |
| June 2019 | -2% | £277,280 |
| June 2018 | -1% | £283,048 |
| June 2017 | 3.8% | £285,966 |
| June 2016 | 18.7% | £275,381 |
| June 2015 | 12.8% | £232,019 |
| June 2014 | 10.1% | £205,611 |
| June 2013 | 3.1% | £186,674 |
| June 2012 | 0% | £180,982 |
| June 2011 | -0.5% | £181,058 |
| June 2010 | 6.1% | £181,904 |
| June 2009 | -13.5% | £171,471 |
| June 2008 | -0.2% | £198,182 |
| June 2007 | 0% | £198,673 |
Rental Market Trends
The current average rental value in the postcode is £1,676.
The RM1 3AB Rental Market has increased by 39.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.6% | £1,676pcm |
| June 2025 | 0.4% | £1,635pcm |
| June 2024 | 10.5% | £1,628pcm |
| June 2023 | 14.1% | £1,473pcm |
| June 2022 | 5% | £1,291pcm |
| June 2021 | 2.2% | £1,229pcm |
| June 2020 | 2.3% | £1,203pcm |
| June 2019 | 0.2% | £1,176pcm |
| June 2018 | -2.8% | £1,174pcm |
| June 2017 | 0.6% | £1,208pcm |
| June 2016 | 6.7% | £1,201pcm |
| June 2015 | 9.7% | £1,125pcm |
| June 2014 | 3.3% | £1,026pcm |
| June 2013 | 4.8% | £993pcm |
| June 2012 | 2.3% | £948pcm |
| June 2011 | 4.3% | £927pcm |
| June 2010 | 3.9% | £889pcm |
| June 2009 | -6.4% | £856pcm |
| June 2008 | 8.3% | £914pcm |
| June 2007 | 0% | £844pcm |
Sales History
The last sale was on 27th November 2024 for £1,940,000 and since then the market in the area has decreased by 2.2%. The postcode has had a total of 10 sales since 1995.
RM1 3AB has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Nov 2024£1,940,000 | 3 Bed Flat3, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB3, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
- Sold May 2022£400,000 | 3 Bed Flat2, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB2, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
- Sold Jul 2019£325,000 | 3 Bed Flat6, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB6, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
- Sold Jun 2019£400,000 | 2 Bed Flat1, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB1, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
- Sold Nov 2018£315,000 | 2 Bed Flat5, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB5, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
Nearby Postcodes
RM1 3AB is the 296th largest and the 120th most expensive postcode out of the 442 postcodes in the RM1 area.
- RM1 3EF, Market Place, Romford, RM1RM1 3EF91 Addresses|0 m away
- RM1 3DQ, St. Edwards Way, Romford, RM1RM1 3DQ2 Addresses|50 m away
- RM1 3ER, Market Place, Romford, RM1RM1 3ER14 Addresses|83 m away
- RM1 1XN, Market Link, Romford, RM1RM1 1XN24 Addresses|100 m away
- RM1 3RT, Laurie Walk, Romford, RM1RM1 3RT7 Addresses|138 m away
Property Types
- 30 other addresses of unknown type
- Unknown (30)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 12 properties.
- The most common rating is B.
- A (0)
- E (0)
- B (7)
- F (0)
- C (4)
- G (0)
- D (1)
- No EPC (18)
Top 3 Most Expensive Sales
- Sold Nov 2024£1,940,000 | 3 Bed Flat3, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB3, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
- Sold Jun 2019£400,000 | 2 Bed Flat1, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB1, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
- Sold May 2022£400,000 | 3 Bed Flat2, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB2, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
Schools Nearby
- St Edward's Church of England Voluntary Aided Primary School500 m away
- The Mawney Foundation School600 m away
- St Peter's Catholic Primary School600 m away
- Marshalls Park Academy1.2 km away
- The Frances Bardsley Academy for Girls1.4 km away
- St Edward's Church of England Academy2.0 km away
More reading links
Public Transport Nearby
The closest station to RM1 3AB is Romford station, which is 600 metres away.
- Romford|600 m away
- Gidea Park|1.7 km away