Balgores Lane - RM2 5JT
Key Postcode Insights
RM2 5JT is a residential postcode situated on Balgores Lane, Romford, RM2 with 16 addresses.
It ranks as the 78th largest and 221st most expensive of the 261 postcodes in the RM2 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 16 properties: 16 houses.
- Ave. Sale Price
- £829,095
- 10 Year change
- up 25.7%
- Ave. Rental Price
- £3,137pcm
- 10 Year change
- up 51.8%
- Ave. £ per ft²
- £414/ft²
- Ave. Gross Yield
- 4.5%/year/yr
Key Postcode Insights
RM2 5JT is a residential postcode situated on Balgores Lane, Romford, RM2 with 16 addresses.
It ranks as the 78th largest and 221st most expensive of the 261 postcodes in the RM2 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 16 properties: 16 houses.
- Ave. Sale Price
- £829,095
- 10 Year change
- up 25.7%
- Ave. Rental Price
- £3,137pcm
- 10 Year change
- up 51.8%
- Ave. £ per ft²
- £414/ft²
- Ave. Gross Yield
- 4.5%/year/yr
Explore Propertiesin RM2 5JT
- 15 Balgores Lane
5 Bed Early-century House
- 17 Balgores Lane
5 Bed Early-century House
- 19 Balgores Lane
Unknown
- 23 Balgores Lane
Unknown
- 24 Balgores Lane
4 Bed Mid-century House
Sales Market Trends
The last sale in RM2 5JT sold for £850,000 on 29th July 2024. Since then prices are up an average of 1.7%.
The current average value in the postcode is £829,095.
The RM2 5JT Sales Market has increased by 25.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.4% | £829,095 |
| June 2025 | 2.2% | £825,788 |
| June 2024 | 1.6% | £808,103 |
| June 2023 | -2.3% | £795,409 |
| June 2022 | 7.9% | £813,836 |
| June 2021 | 4.9% | £754,383 |
| June 2020 | 1.1% | £719,189 |
| June 2019 | -0.5% | £711,356 |
| June 2018 | 2.1% | £715,087 |
| June 2017 | 6.1% | £700,240 |
| June 2016 | 14.6% | £659,706 |
| June 2015 | 9.1% | £575,615 |
| June 2014 | 9.8% | £527,572 |
| June 2013 | 4.2% | £480,550 |
| June 2012 | -2.2% | £461,400 |
| June 2011 | 4.2% | £471,888 |
| June 2010 | 12.3% | £452,773 |
| June 2009 | -9.2% | £403,144 |
| June 2008 | 1.2% | £443,824 |
| June 2007 | 0% | £438,666 |
Rental Market Trends
The current average rental value in the postcode is £3,137.
The RM2 5JT Rental Market has increased by 51.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.1% | £3,137pcm |
| June 2025 | 3.3% | £3,072pcm |
| June 2024 | 8.7% | £2,974pcm |
| June 2023 | 11.5% | £2,736pcm |
| June 2022 | 8.4% | £2,454pcm |
| June 2021 | 4.2% | £2,264pcm |
| June 2020 | 3.7% | £2,172pcm |
| June 2019 | -0.1% | £2,094pcm |
| June 2018 | 1% | £2,097pcm |
| June 2017 | 0.5% | £2,076pcm |
| June 2016 | 5.2% | £2,066pcm |
| June 2015 | 7.1% | £1,964pcm |
| June 2014 | 6.1% | £1,834pcm |
| June 2013 | 1.6% | £1,729pcm |
| June 2012 | 3.9% | £1,702pcm |
| June 2011 | 5.2% | £1,638pcm |
| June 2010 | 7.6% | £1,557pcm |
| June 2009 | -0.6% | £1,447pcm |
| June 2008 | 4.6% | £1,455pcm |
| June 2007 | 0% | £1,391pcm |
Sales History
The last sale was on 29th July 2024 for £850,000 and since then the market in the area has increased by 1.7%. The postcode has had a total of 12 sales since 1995.
RM2 5JT has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jul 2024£850,000 | 5 Bed House15, Balgores Lane, Romford, RM2 5JT15, Balgores Lane, Romford, RM2 5JT
- Sold Dec 2019£695,000 | 4 Bed House28, Balgores Lane, Romford, RM2 5JT28, Balgores Lane, Romford, RM2 5JT
- Sold Nov 2014£724,995 | 5 Bed House40, Balgores Lane, Romford, RM2 5JT40, Balgores Lane, Romford, RM2 5JT
- Sold Aug 2013£535,000 | 5 Bed House27, Balgores Lane, Romford, RM2 5JT27, Balgores Lane, Romford, RM2 5JT
- Sold Sep 2012£623,500 | 5 Bed House40, Balgores Lane, Romford, RM2 5JT40, Balgores Lane, Romford, RM2 5JT
Nearby Postcodes
RM2 5JT is the 78th largest and the 221st most expensive postcode out of the 261 postcodes in the RM2 area.
- RM2 6AB, Balgores Crescent, Romford, RM2RM2 6AB20 Addresses|104 m away
- RM2 5NA, Tudor Avenue, Romford, RM2RM2 5NA10 Addresses|111 m away
- RM2 5JR, Balgores Lane, Romford, RM2RM2 5JR6 Addresses|129 m away
- RM2 5LT, Repton Avenue, Romford, RM2RM2 5LT37 Addresses|151 m away
- RM2 6AH, Squirrels Heath Avenue, Romford, RM2RM2 6AH17 Addresses|152 m away
Property Types
- 2 mid-century houses built between 1936 and 1979
- 7 early-century houses built between 1912 and 1935
- 7 other addresses of unknown type
- mid-century house (2)
- early-century house (7)
- Unknown (7)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 9 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (0)
- F (2)
- C (0)
- G (0)
- D (5)
- No EPC (7)
Top 3 Most Expensive Sales
- Sold Aug 2023£975,000 | 4 Bed House100, Balgores Lane, Romford, RM2 5JU100, Balgores Lane, Romford, RM2 5JU
- Sold Oct 2024£960,000 | 5 Bed House50, Balgores Lane, Romford, RM2 5JU50, Balgores Lane, Romford, RM2 5JU
- Sold Sep 2021£915,000 | 4 Bed House37, Balgores Lane, Romford, RM2 5JU37, Balgores Lane, Romford, RM2 5JU
Schools Nearby
- Gidea Park Primary School500 m away
- Squirrels Heath Primary School900 m away
- Ardleigh Green Junior School1.4 km away
- The Royal Liberty School700 m away
- Marshalls Park Academy1.3 km away
- The Frances Bardsley Academy for Girls1.3 km away
More reading links
Public Transport Nearby
The closest station to RM2 5JT is Gidea Park station, which is 500 metres away.
- Gidea Park|500 m away
- Romford|1.6 km away
