Balgores Lane - RM2 5JU
Key Postcode Insights
RM2 5JU is a residential postcode situated on Balgores Lane, Romford, RM2 with 41 addresses.
It ranks as the 232nd largest and 201st most expensive of the 261 postcodes in the RM2 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 41 properties: 27 houses and 14 flats.
- Ave. Sale Price
- £735,653
- 10 Year change
- up 19.3%
- Ave. Rental Price
- £2,778pcm
- 10 Year change
- up 44.2%
- Ave. £ per ft²
- £529/ft²
- Ave. Gross Yield
- 4.5%/year/yr
Key Postcode Insights
RM2 5JU is a residential postcode situated on Balgores Lane, Romford, RM2 with 41 addresses.
It ranks as the 232nd largest and 201st most expensive of the 261 postcodes in the RM2 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 41 properties: 27 houses and 14 flats.
- Ave. Sale Price
- £735,653
- 10 Year change
- up 19.3%
- Ave. Rental Price
- £2,778pcm
- 10 Year change
- up 44.2%
- Ave. £ per ft²
- £529/ft²
- Ave. Gross Yield
- 4.5%/year/yr
Explore Propertiesin RM2 5JU
- Burns Court
Modern Building | 14 Units
- 31 Balgores Lane
Unknown
- 33 Balgores Lane
4 Bed Early-century House
- 35 Balgores Lane
4 Bed House
- 37 Balgores Lane
4 Bed Early-century House
Sales Market Trends
The last sale in RM2 5JU sold for £495,000 on 28th February 2025. Since then prices are up an average of 1.3%.
The current average value in the postcode is £735,653.
The RM2 5JU Sales Market has increased by 19.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.1% | £735,653 |
| June 2025 | 1.4% | £735,260 |
| June 2024 | 1.3% | £725,334 |
| June 2023 | -2.8% | £715,689 |
| June 2022 | 6.9% | £736,073 |
| June 2021 | 3.6% | £688,665 |
| June 2020 | 0.9% | £664,721 |
| June 2019 | -1% | £658,984 |
| June 2018 | 1.6% | £665,334 |
| June 2017 | 6.2% | £654,773 |
| June 2016 | 14.2% | £616,517 |
| June 2015 | 8.9% | £539,990 |
| June 2014 | 9.1% | £495,888 |
| June 2013 | 4.1% | £454,591 |
| June 2012 | -1.8% | £436,599 |
| June 2011 | 3.7% | £444,631 |
| June 2010 | 10.8% | £428,698 |
| June 2009 | -10.3% | £387,007 |
| June 2008 | 0.8% | £431,296 |
| June 2007 | 0% | £427,679 |
Rental Market Trends
The current average rental value in the postcode is £2,778.
The RM2 5JU Rental Market has increased by 44.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.8% | £2,778pcm |
| June 2025 | 2.5% | £2,730pcm |
| June 2024 | 8.4% | £2,664pcm |
| June 2023 | 10.9% | £2,457pcm |
| June 2022 | 7.4% | £2,215pcm |
| June 2021 | 3% | £2,063pcm |
| June 2020 | 3.5% | £2,004pcm |
| June 2019 | -0.6% | £1,936pcm |
| June 2018 | 0.5% | £1,947pcm |
| June 2017 | 0.6% | £1,937pcm |
| June 2016 | 4.8% | £1,927pcm |
| June 2015 | 6.9% | £1,839pcm |
| June 2014 | 5.4% | £1,721pcm |
| June 2013 | 1.6% | £1,633pcm |
| June 2012 | 4.3% | £1,607pcm |
| June 2011 | 4.7% | £1,541pcm |
| June 2010 | 6.2% | £1,472pcm |
| June 2009 | -1.8% | £1,386pcm |
| June 2008 | 4.3% | £1,411pcm |
| June 2007 | 0% | £1,353pcm |
Sales History
The last sale was on 28th February 2025 for £495,000 and since then the market in the area has increased by 1.3%. The postcode has had a total of 49 sales since 1995.
RM2 5JU has seen 5 sales in the last three years and no sales in the last twelve months.
- Sold Feb 2025£495,000 | 3 Bed FlatFlat 12, Burns Court 102, Balgores Lane, Romford, RM2 5JUFlat 12, Burns Court 102, Balgores Lane, Romford, RM2 5JU
- Sold Oct 2024£960,000 | 5 Bed House50, Balgores Lane, Romford, RM2 5JU50, Balgores Lane, Romford, RM2 5JU
- Sold Jul 2024£470,000 | 3 Bed FlatFlat 6, Burns Court 102, Balgores Lane, Romford, RM2 5JUFlat 6, Burns Court 102, Balgores Lane, Romford, RM2 5JU
- Sold Jun 2024£730,000 | 4 Bed House53, Balgores Lane, Romford, RM2 5JU53, Balgores Lane, Romford, RM2 5JU
- Sold Aug 2023£975,000 | 4 Bed House100, Balgores Lane, Romford, RM2 5JU100, Balgores Lane, Romford, RM2 5JU
Nearby Postcodes
RM2 5JU is the 232nd largest and the 201st most expensive postcode out of the 261 postcodes in the RM2 area.
- RM2 6BD, Hare Hall Lane, Romford, RM2RM2 6BD8 Addresses|66 m away
- RM2 6BE, Geddy Court, Romford, RM2RM2 6BE16 Addresses|85 m away
- RM2 6AH, Squirrels Heath Avenue, Romford, RM2RM2 6AH17 Addresses|112 m away
- RM2 5DL, Stanley Avenue, Romford, RM2RM2 5DL43 Addresses|124 m away
- RM2 6AD, Squirrels Heath Avenue, Romford, RM2RM2 6AD22 Addresses|127 m away
Property Types
- 1 modern house built after 1980
- 14 modern flats built after 1980
- 1 mid-century house built between 1936 and 1979
- 1 house of an unknown age
- 14 early-century houses built between 1912 and 1935
- 10 other addresses of unknown type
- modern house (1)
- modern flat (14)
- mid-century house (1)
- house (1)
- early-century house (14)
- Unknown (10)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 30 properties.
- The most common rating is B.
- A (0)
- E (6)
- B (14)
- F (3)
- C (1)
- G (0)
- D (6)
- No EPC (11)
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 School700 m away
- Ardleigh Green Junior School1.3 km away
- The Royal Liberty School600 m away
- The Frances Bardsley Academy for Girls1.1 km away
- Marshalls Park Academy1.4 km away
More reading links
Public Transport Nearby
The closest station to RM2 5JU is Gidea Park station, which is 300 metres away.
- Gidea Park|300 m away
- Romford|1.6 km away
