RM11 1GU is a residential postcode situated on Millfield Close, Hornchurch, RM11 with 19 addresses.
It ranks as the 221st largest and 62nd most expensive of the 552 postcodes in the RM11 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 19 properties: 19 flats.
RM11 1GU is a residential postcode situated on Millfield Close, Hornchurch, RM11 with 19 addresses.
It ranks as the 221st largest and 62nd most expensive of the 552 postcodes in the RM11 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 19 properties: 19 flats.
Sale prices range from £262,128 for 2 bedroom leasehold flats with a balcony (538 ft2) to £315,449 for 2 bedroom leasehold flats with a balcony (775 ft2) .
Monthly rental prices range from £1,448 pcm for 2 bed flats to £1,667 pcm for 2 bed flats.
The gross rental yield is between 6.3% and 6.6%.
The average value per square foot is £428.
The last sale in RM11 1GU sold for £290,000 on 16th December 2022. Since then prices are down an average of 0.2%.
The current average value in the postcode is £292,607.
The RM11 1GU Sales Market has increased by 12.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.8% | £292,607 |
| April 2025 | 1% | £287,475 |
| April 2024 | -1.7% | £284,747 |
| April 2023 | -0.1% | £289,750 |
| April 2022 | 6% | £290,023 |
| April 2021 | 1.2% | £273,648 |
| April 2020 | 0.3% | £270,482 |
| April 2019 | -2.2% | £269,548 |
| April 2018 | -0.4% | £275,741 |
| April 2017 | 6.7% | £276,808 |
| April 2016 | 16.1% | £259,547 |
| April 2015 | 11.3% | £223,502 |
| April 2014 | 7.8% | £200,795 |
| April 2013 | 2.6% | £186,212 |
| April 2012 | -0.5% | £181,430 |
| April 2011 | -0.2% | £182,368 |
| April 2010 | 6.2% | £182,667 |
| April 2009 | -13.9% | £171,994 |
| April 2008 | 3.3% | £199,826 |
| April 2007 | 0% | £193,487 |
The current average rental value in the postcode is £1,576.
The RM11 1GU Rental Market has increased by 33.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.5% | £1,576pcm |
| April 2025 | 2.1% | £1,538pcm |
| April 2024 | 9.7% | £1,506pcm |
| April 2023 | 11.5% | £1,373pcm |
| April 2022 | 3.3% | £1,231pcm |
| April 2021 | 1% | £1,191pcm |
| April 2020 | 1.5% | £1,180pcm |
| April 2019 | -0.9% | £1,162pcm |
| April 2018 | -2.5% | £1,173pcm |
| April 2017 | 1.5% | £1,203pcm |
| April 2016 | 6.7% | £1,185pcm |
| April 2015 | 7.8% | £1,111pcm |
| April 2014 | 2.2% | £1,030pcm |
| April 2013 | 3.4% | £1,008pcm |
| April 2012 | 3.6% | £975pcm |
| April 2011 | 3.2% | £940pcm |
| April 2010 | 1.8% | £911pcm |
| April 2009 | -4% | £895pcm |
| April 2008 | 7.6% | £932pcm |
| April 2007 | 0% | £867pcm |
The last sale was on 16th December 2022 for £290,000 and since then the market in the area has decreased by 0.2%. The postcode has had a total of 32 sales since 1995.
RM11 1GU has seen no sales in the last three years and no sales in the last twelve months.
RM11 1GU is the 221st largest and the 62nd most expensive postcode out of the 552 postcodes in the RM11 area.
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