Market Place - RM1 3ER
Key Postcode Insights
RM1 3ER is a residential postcode situated on Market Place, Romford, RM1 with 14 addresses.
It ranks as the 137th largest and 164th most expensive of the 442 postcodes in the RM1 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 14 properties: 4 houses and 10 flats.
- Ave. Sale Price
- £333,381
- 10 Year change
- up 9.6%
- Ave. Rental Price
- £1,759pcm
- 10 Year change
- up 39.6%
- Ave. £ per ft²
- £362/ft²
- Ave. Gross Yield
- 6.3%/year/yr
Key Postcode Insights
RM1 3ER is a residential postcode situated on Market Place, Romford, RM1 with 14 addresses.
It ranks as the 137th largest and 164th most expensive of the 442 postcodes in the RM1 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 14 properties: 4 houses and 10 flats.
- Ave. Sale Price
- £333,381
- 10 Year change
- up 9.6%
- Ave. Rental Price
- £1,759pcm
- 10 Year change
- up 39.6%
- Ave. £ per ft²
- £362/ft²
- Ave. Gross Yield
- 6.3%/year/yr
Explore Propertiesin RM1 3ER
- Tollgate House
Modern Building | 10 Units
- 24A Market Place
House
- 80-84 Market Place
House
- 94 Market Place
House
Sales Market Trends
The current average value in the postcode is £333,381.
The RM1 3ER Sales Market has increased by 9.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0% | £333,381 |
| June 2025 | 1.4% | £333,536 |
| June 2024 | 0.2% | £328,794 |
| June 2023 | -2.3% | £328,001 |
| June 2022 | 6.8% | £335,631 |
| June 2021 | 1.5% | £314,387 |
| June 2020 | 1.1% | £309,592 |
| June 2019 | -2% | £306,362 |
| June 2018 | -1% | £312,736 |
| June 2017 | 3.8% | £315,959 |
| June 2016 | 18.7% | £304,264 |
| June 2015 | 12.8% | £256,354 |
| June 2014 | 10.1% | £227,176 |
| June 2013 | 3.1% | £206,253 |
| June 2012 | 0% | £199,965 |
| June 2011 | -0.5% | £200,048 |
| June 2010 | 6.1% | £200,983 |
| June 2009 | -13.5% | £189,456 |
| June 2008 | -0.2% | £218,969 |
| June 2007 | 0% | £219,511 |
Rental Market Trends
The current average rental value in the postcode is £1,759.
The RM1 3ER Rental Market has increased by 39.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.6% | £1,759pcm |
| June 2025 | 0.4% | £1,715pcm |
| June 2024 | 10.5% | £1,708pcm |
| June 2023 | 14.1% | £1,546pcm |
| June 2022 | 5% | £1,355pcm |
| June 2021 | 2.2% | £1,290pcm |
| June 2020 | 2.3% | £1,262pcm |
| June 2019 | 0.2% | £1,234pcm |
| June 2018 | -2.8% | £1,231pcm |
| June 2017 | 0.6% | £1,267pcm |
| June 2016 | 6.7% | £1,260pcm |
| June 2015 | 9.7% | £1,181pcm |
| June 2014 | 3.3% | £1,076pcm |
| June 2013 | 4.8% | £1,042pcm |
| June 2012 | 2.3% | £995pcm |
| June 2011 | 4.3% | £973pcm |
| June 2010 | 3.9% | £932pcm |
| June 2009 | -6.4% | £898pcm |
| June 2008 | 8.3% | £959pcm |
| June 2007 | 0% | £885pcm |
Nearby Postcodes
RM1 3ER is the 137th largest and the 164th most expensive postcode out of the 442 postcodes in the RM1 area.
- RM1 3AB, Market Place, Romford, RM1RM1 3AB30 Addresses|83 m away
- RM1 3EF, Market Place, Romford, RM1RM1 3EF91 Addresses|83 m away
- RM1 3HF, Mercury Gardens, Romford, RM1RM1 3HF31 Addresses|98 m away
- RM1 3RT, Laurie Walk, Romford, RM1RM1 3RT7 Addresses|98 m away
- RM1 3HE, Mercury Gardens, Romford, RM1RM1 3HE45 Addresses|102 m away
Property Types
- 10 modern flats built after 1980
- 4 other addresses of unknown type
- modern flat (10)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 9 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (9)
- G (0)
- D (0)
- No EPC (5)
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 School700 m away
- Marshalls Park Academy1.2 km away
- The Frances Bardsley Academy for Girls1.3 km away
- The Royal Liberty School2.0 km away
More reading links
Public Transport Nearby
The closest station to RM1 3ER is Romford station, which is 500 metres away.
- Romford|500 m away
- Gidea Park|1.6 km away