RM16 2PQ is a residential postcode situated on Long Lane, Grays, RM16 with 65 addresses.
It ranks as the 653rd largest and 58th most expensive of the 673 postcodes in the RM16 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 65 properties: 65 flats.
RM16 2PQ is a residential postcode situated on Long Lane, Grays, RM16 with 65 addresses.
It ranks as the 653rd largest and 58th most expensive of the 673 postcodes in the RM16 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 65 properties: 65 flats.
Sale prices range from £219,332 for 2 bedroom leasehold flats (570 ft2) to £262,466 for 3 bedroom leasehold flats (828 ft2) .
Monthly rental prices range from £1,391 pcm for 2 bed flats to £1,608 pcm for 3 bed flats.
The gross rental yield is between 7.3% and 7.6%.
The average value per square foot is £339.
The last sale in RM16 2PQ sold for £250,000 on 27th February 2026. Since then prices are up an average of 1.1%.
The current average value in the postcode is £241,478.
The RM16 2PQ Sales Market has increased by 17.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.1% | £241,478 |
| April 2025 | 1.3% | £236,454 |
| April 2024 | -2% | £233,476 |
| April 2023 | 0.8% | £238,238 |
| April 2022 | 6.3% | £236,414 |
| April 2021 | 3.1% | £222,301 |
| April 2020 | 1.2% | £215,520 |
| April 2019 | -1.8% | £212,907 |
| April 2018 | 1.5% | £216,851 |
| April 2017 | 3.7% | £213,703 |
| April 2016 | 16.8% | £206,019 |
| April 2015 | 12% | £176,383 |
| April 2014 | 7.5% | £157,502 |
| April 2013 | 1.5% | £146,502 |
| April 2012 | -2.4% | £144,311 |
| April 2011 | 0.5% | £147,786 |
| April 2010 | 4.6% | £147,107 |
| April 2009 | -14.5% | £140,662 |
| April 2008 | 2.1% | £164,548 |
| April 2007 | 0% | £161,090 |
The current average rental value in the postcode is £1,515.
The RM16 2PQ Rental Market has increased by 37.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.9% | £1,515pcm |
| April 2025 | 3.3% | £1,458pcm |
| April 2024 | 13.8% | £1,411pcm |
| April 2023 | 6.6% | £1,240pcm |
| April 2022 | 5.1% | £1,164pcm |
| April 2021 | -0.3% | £1,108pcm |
| April 2020 | 1.1% | £1,111pcm |
| April 2019 | -1.3% | £1,098pcm |
| April 2018 | -0.6% | £1,113pcm |
| April 2017 | 1.7% | £1,119pcm |
| April 2016 | 6.9% | £1,101pcm |
| April 2015 | 6.5% | £1,030pcm |
| April 2014 | 1.9% | £967pcm |
| April 2013 | 2.7% | £949pcm |
| April 2012 | 1.9% | £924pcm |
| April 2011 | 3.3% | £906pcm |
| April 2010 | 0.2% | £877pcm |
| April 2009 | -5.5% | £876pcm |
| April 2008 | 5.7% | £927pcm |
| April 2007 | 0% | £876pcm |
The last sale was on 27th February 2026 for £250,000 and since then the market in the area has increased by 1.1%. The postcode has had a total of 25 sales since 1995.
RM16 2PQ has seen 7 sales in the last three years and 2 sales in the last twelve months.
RM16 2PQ is the 653rd largest and the 58th most expensive postcode out of the 673 postcodes in the RM16 area.
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The closest station to RM16 2PQ is Grays station which is 2.3 kilometres away.
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