Falcon Way - RM15 5FW
Key Postcode Insights
RM15 5FW is a residential postcode situated on Falcon Way, South Ockendon, RM15 with 43 addresses.
It ranks as the 482nd largest and 118th most expensive of the 539 postcodes in the RM15 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 43 properties: 19 houses and 24 flats.
- Ave. Sale Price
- £333,916
- 10 Year change
- up 22.9%
- Ave. Rental Price
- £1,733pcm
- 10 Year change
- up 47.0%
- Ave. £ per ft²
- £422/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Key Postcode Insights
RM15 5FW is a residential postcode situated on Falcon Way, South Ockendon, RM15 with 43 addresses.
It ranks as the 482nd largest and 118th most expensive of the 539 postcodes in the RM15 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 43 properties: 19 houses and 24 flats.
- Ave. Sale Price
- £333,916
- 10 Year change
- up 22.9%
- Ave. Rental Price
- £1,733pcm
- 10 Year change
- up 47.0%
- Ave. £ per ft²
- £422/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Explore Propertiesin RM15 5FW
- 1 Falcon Way
3 Bed Modern Flat
- 2 Falcon Way
2 Bed Modern Flat
- 3 Falcon Way
2 Bed Modern Flat
- 4 Falcon Way
3 Bed Modern Flat
- 5 Falcon Way
2 Bed Modern Flat
Sales Market Trends
The last sale in RM15 5FW sold for £285,000 on 17th October 2025. Since then prices are down an average of 0.2%.
The current average value in the postcode is £333,916.
The RM15 5FW Sales Market has increased by 22.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1% | £333,916 |
| June 2025 | 2% | £337,436 |
| June 2024 | -3.7% | £330,972 |
| June 2023 | 0.3% | £343,604 |
| June 2022 | 12.1% | £342,693 |
| June 2021 | 4.4% | £305,831 |
| June 2020 | 0.9% | £292,905 |
| June 2019 | 0.3% | £290,316 |
| June 2018 | 2.5% | £289,419 |
| June 2017 | 4% | £282,477 |
| June 2016 | 17.5% | £271,628 |
| June 2015 | 15.4% | £231,208 |
| June 2014 | 13.4% | £200,267 |
| June 2013 | 2.3% | £176,602 |
| June 2012 | -0.9% | £172,614 |
| June 2011 | 0.2% | £174,196 |
| June 2010 | 8.7% | £173,796 |
| June 2009 | -15.1% | £159,944 |
| June 2008 | 0.8% | £188,331 |
| June 2007 | 0% | £186,758 |
Rental Market Trends
The current average rental value in the postcode is £1,733.
The RM15 5FW Rental Market has increased by 47.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.5% | £1,733pcm |
| June 2025 | 4.2% | £1,690pcm |
| June 2024 | 9.7% | £1,623pcm |
| June 2023 | 12.2% | £1,480pcm |
| June 2022 | 6.2% | £1,319pcm |
| June 2021 | 1.4% | £1,242pcm |
| June 2020 | 2.5% | £1,225pcm |
| June 2019 | 1.3% | £1,195pcm |
| June 2018 | 0.3% | £1,180pcm |
| June 2017 | -0.2% | £1,177pcm |
| June 2016 | 5.4% | £1,179pcm |
| June 2015 | 7.5% | £1,119pcm |
| June 2014 | 3.6% | £1,041pcm |
| June 2013 | 3% | £1,005pcm |
| June 2012 | 5% | £976pcm |
| June 2011 | 3.6% | £930pcm |
| June 2010 | 5.2% | £898pcm |
| June 2009 | -5% | £853pcm |
| June 2008 | 4.8% | £898pcm |
| June 2007 | 0% | £858pcm |
Sales History
The last sale was on 17th October 2025 for £285,000 and since then the market in the area has decreased by 0.2%. The postcode has had a total of 63 sales since 1995.
RM15 5FW has seen 18 sales in the last three years and 2 sales in the last twelve months.
- Sold Oct 2025£285,000 | 3 Bed Flat7, Falcon Way, South Ockendon, RM15 5FW7, Falcon Way, South Ockendon, RM15 5FW
- Sold Aug 2025£452,500 | 3 Bed House18, Falcon Way, South Ockendon, RM15 5FW18, Falcon Way, South Ockendon, RM15 5FW
- Sold Jul 2025£262,500 | 2 Bed Flat9, Falcon Way, South Ockendon, RM15 5FW9, Falcon Way, South Ockendon, RM15 5FW
- Sold Mar 2025£272,000 | 3 Bed Flat1, Falcon Way, South Ockendon, RM15 5FW1, Falcon Way, South Ockendon, RM15 5FW
- Sold Mar 2025£260,000 | 2 Bed Flat10, Falcon Way, South Ockendon, RM15 5FW10, Falcon Way, South Ockendon, RM15 5FW
Nearby Postcodes
RM15 5FW is the 482nd largest and the 118th most expensive postcode out of the 539 postcodes in the RM15 area.
- RM15 5GP, Fairmount Drive, South Ockendon, RM15RM15 5GP9 Addresses|48 m away
- RM15 5GQ, Vanette Way, South Ockendon, RM15RM15 5GQ16 Addresses|61 m away
- RM15 5FY, Maverick Drive, South Ockendon, RM15RM15 5FY18 Addresses|61 m away
- RM15 5GR, Park Way, South Ockendon, RM15RM15 5GR17 Addresses|78 m away
- RM15 5LQ, Falcon Way, South Ockendon, RM15RM15 5LQ32 Addresses|85 m away
Property Types
- 19 modern houses built after 1980
- 24 modern flats built after 1980
- modern house (19)
- modern flat (24)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 43 properties.
- The most common rating is B.
- A (0)
- E (0)
- B (43)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (0)
Top 3 Most Expensive Sales
- Sold Oct 2023£3,914,855 | 2 Bed Flat44, Falcon Way, South Ockendon, RM15 5FW44, Falcon Way, South Ockendon, RM15 5FW
- Sold Nov 2022£495,750 | 2 Bed FlatApartment 1, Benedict Court 56, Falcon Way, South Ockendon, RM15 5NUApartment 1, Benedict Court 56, Falcon Way, South Ockendon, RM15 5NU
- Sold May 2024£490,000 | 4 Bed House14, Falcon Way, South Ockendon, RM15 5FW14, Falcon Way, South Ockendon, RM15 5FW
Schools Nearby
- Bonnygate Primary School600 m away
- Benyon Primary School700 m away
- Shaw Primary Academy1.1 km away
- Harris Academy Ockendon900 m away
- Ormiston Park Academy2.8 km away
- William Edwards School3.5 km away
More reading links
Public Transport Nearby
The closest station to RM15 5FW is Ockendon station, which is 400 metres away.
- Ockendon|400 m away
- Chafford Hundred Lakeside|3.6 km away
- Upminster|5.1 km away
