Park Drive - RM1 4LH
Key Postcode Insights
RM1 4LH is a residential postcode situated on Park Drive, Romford, RM1 with 26 addresses.
It ranks as the 262nd largest and 356th most expensive of the 442 postcodes in the RM1 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 26 properties: 20 houses and 6 flats.
- Ave. Sale Price
- £541,720
- 10 Year change
- up 15.0%
- Ave. Rental Price
- £2,514pcm
- 10 Year change
- up 46.1%
- Ave. £ per ft²
- £479/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Key Postcode Insights
RM1 4LH is a residential postcode situated on Park Drive, Romford, RM1 with 26 addresses.
It ranks as the 262nd largest and 356th most expensive of the 442 postcodes in the RM1 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 26 properties: 20 houses and 6 flats.
- Ave. Sale Price
- £541,720
- 10 Year change
- up 15.0%
- Ave. Rental Price
- £2,514pcm
- 10 Year change
- up 46.1%
- Ave. £ per ft²
- £479/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Explore Propertiesin RM1 4LH
- Aran House
Modern Building | 6 Units
- 18 Park Drive
4 Bed Period House
- 20 Park Drive
5 Bed Period House
- 22 Park Drive
4 Bed Period House
- 24 Park Drive
Unknown
Sales Market Trends
The last sale in RM1 4LH sold for £740,000 on 21st July 2023. Since then prices are up an average of 2.5%.
The current average value in the postcode is £541,720.
The RM1 4LH Sales Market has increased by 15.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.5% | £541,720 |
| June 2025 | 2% | £544,364 |
| June 2024 | 0.3% | £533,745 |
| June 2023 | -1.7% | £532,294 |
| June 2022 | 7.9% | £541,665 |
| June 2021 | 2.8% | £502,026 |
| June 2020 | 1.3% | £488,566 |
| June 2019 | -1.2% | £482,180 |
| June 2018 | -0.3% | £488,281 |
| June 2017 | 3.9% | £489,751 |
| June 2016 | 18% | £471,214 |
| June 2015 | 12.1% | £399,188 |
| June 2014 | 10.2% | £356,112 |
| June 2013 | 3.4% | £323,180 |
| June 2012 | -0.5% | £312,563 |
| June 2011 | 0.6% | £314,232 |
| June 2010 | 8.6% | £312,474 |
| June 2009 | -11.7% | £287,792 |
| June 2008 | -0.6% | £325,771 |
| June 2007 | 0% | £327,823 |
Rental Market Trends
The current average rental value in the postcode is £2,514.
The RM1 4LH Rental Market has increased by 46.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.1% | £2,514pcm |
| June 2025 | 1.1% | £2,462pcm |
| June 2024 | 10.4% | £2,436pcm |
| June 2023 | 14.8% | £2,207pcm |
| June 2022 | 6.1% | £1,922pcm |
| June 2021 | 3.3% | £1,812pcm |
| June 2020 | 2.5% | £1,755pcm |
| June 2019 | 1% | £1,712pcm |
| June 2018 | -2% | £1,695pcm |
| June 2017 | 0.6% | £1,731pcm |
| June 2016 | 6.1% | £1,720pcm |
| June 2015 | 8.9% | £1,621pcm |
| June 2014 | 3.4% | £1,489pcm |
| June 2013 | 5% | £1,440pcm |
| June 2012 | 1.7% | £1,371pcm |
| June 2011 | 5.5% | £1,348pcm |
| June 2010 | 6.3% | £1,277pcm |
| June 2009 | -4.4% | £1,202pcm |
| June 2008 | 7.9% | £1,257pcm |
| June 2007 | 0% | £1,165pcm |
Sales History
The last sale was on 21st July 2023 for £740,000 and since then the market in the area has increased by 2.5%. The postcode has had a total of 21 sales since 1995.
RM1 4LH has seen 2 sales in the last three years and no sales in the last twelve months.
- Sold Jul 2023£740,000 | 5 Bed House20, Park Drive, Romford, RM1 4LH20, Park Drive, Romford, RM1 4LH
- Sold Jun 2023£612,000 | 4 Bed House22, Park Drive, Romford, RM1 4LH22, Park Drive, Romford, RM1 4LH
- Sold May 2022£870,000 | 5 Bed House28, Park Drive, Romford, RM1 4LH28, Park Drive, Romford, RM1 4LH
- Sold Nov 2021£700,000 | 4 Bed House35, Park Drive, Romford, RM1 4LH35, Park Drive, Romford, RM1 4LH
- Sold Jun 2021£810,000 | 2 Bed FlatFlat 1, Aran House 29, Park Drive, Romford, RM1 4LHFlat 1, Aran House 29, Park Drive, Romford, RM1 4LH
Nearby Postcodes
RM1 4LH is the 262nd largest and the 356th most expensive postcode out of the 442 postcodes in the RM1 area.
- RM1 4AD, Dunton Road, Romford, RM1RM1 4AD21 Addresses|111 m away
- RM1 4LD, The Avenue, Romford, RM1RM1 4LD25 Addresses|120 m away
- RM1 4BB, Havering Drive, Romford, RM1RM1 4BB11 Addresses|147 m away
- RM1 4GF, Aveley Road, Romford, RM1RM1 4GF8 Addresses|160 m away
- RM1 4LJ, Park Drive, Romford, RM1RM1 4LJ20 Addresses|163 m away
Property Types
- 10 period houses built between 1800 and 1911
- 2 modern houses built after 1980
- 6 modern flats built after 1980
- 1 mid-century house built between 1936 and 1979
- 2 houses of an unknown age
- 5 other addresses of unknown type
- period house (10)
- modern house (2)
- modern flat (6)
- mid-century house (1)
- house (2)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 19 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (4)
- F (1)
- C (4)
- G (0)
- D (10)
- No EPC (7)
Top 3 Most Expensive Sales
- Sold May 2022£870,000 | 5 Bed House28, Park Drive, Romford, RM1 4LH28, Park Drive, Romford, RM1 4LH
- Sold Oct 2017£850,000 | 4 Bed House35, Park Drive, Romford, RM1 4LH35, Park Drive, Romford, RM1 4LH
- Sold Sep 2022£850,000 | 5 Bed House13, Park Drive, Romford, RM1 4LJ13, Park Drive, Romford, RM1 4LJ
Schools Nearby
- St Edward's Church of England Voluntary Aided Primary School100 m away
- St Peter's Catholic Primary School200 m away
- The Mawney Foundation School600 m away
- Marshalls Park Academy900 m away
- The Frances Bardsley Academy for Girls1.7 km away
- St Edward's Church of England Academy2.1 km away
More reading links
Public Transport Nearby
The closest station to RM1 4LH is Romford station, which is 900 metres away.
- Romford|900 m away
- Gidea Park|1.9 km away
