Parkway - RM2 5PL
Key Postcode Insights
RM2 5PL is a residential postcode situated on Parkway, Romford, RM2 with 18 addresses.
It ranks as the 96th largest and 229th most expensive of the 261 postcodes in the RM2 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 18 properties: 18 houses.
- Ave. Sale Price
- £896,222
- 10 Year change
- up 24.3%
- Ave. Rental Price
- £3,165pcm
- 10 Year change
- up 52.7%
- Ave. £ per ft²
- £571/ft²
- Ave. Gross Yield
- 4.2%/year/yr
Key Postcode Insights
RM2 5PL is a residential postcode situated on Parkway, Romford, RM2 with 18 addresses.
It ranks as the 96th largest and 229th most expensive of the 261 postcodes in the RM2 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 18 properties: 18 houses.
- Ave. Sale Price
- £896,222
- 10 Year change
- up 24.3%
- Ave. Rental Price
- £3,165pcm
- 10 Year change
- up 52.7%
- Ave. £ per ft²
- £571/ft²
- Ave. Gross Yield
- 4.2%/year/yr
Explore Propertiesin RM2 5PL
- 33 Parkway
Unknown
- 35 Parkway
3 Bed Mid-century House
- 37 Parkway
3 Bed Early-century House
- 39A Parkway
4 Bed Mid-century House
- 39 Parkway
4 Bed Mid-century House
Sales Market Trends
The last sale in RM2 5PL sold for £970,000 on 15th March 2024. Since then prices are up an average of 3.2%.
The current average value in the postcode is £896,222.
The RM2 5PL Sales Market has increased by 24.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.2% | £896,222 |
| June 2025 | 2.5% | £898,430 |
| June 2024 | 0.5% | £876,341 |
| June 2023 | -1.3% | £872,383 |
| June 2022 | 9% | £883,839 |
| June 2021 | 4.7% | £810,987 |
| June 2020 | 1.6% | £774,410 |
| June 2019 | -0.5% | £762,353 |
| June 2018 | 1.1% | £765,825 |
| June 2017 | 5% | £757,267 |
| June 2016 | 16.4% | £721,114 |
| June 2015 | 10.9% | £619,408 |
| June 2014 | 10.9% | £558,334 |
| June 2013 | 3.7% | £503,472 |
| June 2012 | -1% | £485,681 |
| June 2011 | 2% | £490,614 |
| June 2010 | 11.5% | £481,019 |
| June 2009 | -9.7% | £431,468 |
| June 2008 | 0.1% | £477,901 |
| June 2007 | 0% | £477,582 |
Rental Market Trends
The current average rental value in the postcode is £3,165.
The RM2 5PL Rental Market has increased by 52.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2% | £3,165pcm |
| June 2025 | 2.9% | £3,102pcm |
| June 2024 | 9.2% | £3,014pcm |
| June 2023 | 13.8% | £2,761pcm |
| June 2022 | 7.6% | £2,426pcm |
| June 2021 | 4.2% | £2,255pcm |
| June 2020 | 3.1% | £2,164pcm |
| June 2019 | 1% | £2,099pcm |
| June 2018 | -0.2% | £2,078pcm |
| June 2017 | 0.5% | £2,083pcm |
| June 2016 | 5.6% | £2,073pcm |
| June 2015 | 7.7% | £1,963pcm |
| June 2014 | 5.2% | £1,823pcm |
| June 2013 | 3.7% | £1,733pcm |
| June 2012 | 2.5% | £1,671pcm |
| June 2011 | 6% | £1,630pcm |
| June 2010 | 8.2% | £1,539pcm |
| June 2009 | -1.7% | £1,422pcm |
| June 2008 | 6.5% | £1,447pcm |
| June 2007 | 0% | £1,358pcm |
Sales History
The last sale was on 15th March 2024 for £970,000 and since then the market in the area has increased by 3.2%. The postcode has had a total of 18 sales since 1995.
RM2 5PL has seen 3 sales in the last three years and no sales in the last twelve months.
- Sold Mar 2024£970,000 | 4 Bed House41, Parkway, Romford, RM2 5PL41, Parkway, Romford, RM2 5PL
- Sold Dec 2023£745,000 | 4 Bed House88, Parkway, Romford, RM2 5PL88, Parkway, Romford, RM2 5PL
- Sold May 2023£785,000 | 4 Bed House76, Parkway, Romford, RM2 5PL76, Parkway, Romford, RM2 5PL
- Sold May 2022£970,000 | 4 Bed House43, Parkway, Romford, RM2 5PL43, Parkway, Romford, RM2 5PL
- Sold Jun 2021£845,000 | 4 Bed House39A, Parkway, Romford, RM2 5PL39A, Parkway, Romford, RM2 5PL
Nearby Postcodes
RM2 5PL is the 96th largest and the 229th most expensive postcode out of the 261 postcodes in the RM2 area.
- RM2 5PP, Heaton Grange Road, Romford, RM2RM2 5PP6 Addresses|87 m away
- RM2 5PJ, Reed Pond Walk, Romford, RM2RM2 5PJ6 Addresses|91 m away
- RM2 5RB, Park Boulevard, Romford, RM2RM2 5RB17 Addresses|156 m away
- RM2 5QU, Brook Close, Romford, RM2RM2 5QU11 Addresses|167 m away
- RM2 5PH, Reed Pond Walk, Romford, RM2RM2 5PH8 Addresses|175 m away
Property Types
- 2 period houses built between 1800 and 1911
- 1 modern house built after 1980
- 6 mid-century houses built between 1936 and 1979
- 3 early-century houses built between 1912 and 1935
- 6 other addresses of unknown type
- period house (2)
- modern house (1)
- mid-century house (6)
- early-century house (3)
- Unknown (6)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 12 properties.
- The most common rating is D.
- A (0)
- E (3)
- B (0)
- F (1)
- C (1)
- G (0)
- D (7)
- No EPC (6)
Top 3 Most Expensive Sales
Schools Nearby
- Rise Park Junior School1.0 km away
- Rise Park Infant School1.0 km away
- Gidea Park Primary School1.0 km away
- Marshalls Park Academy500 m away
- The Royal Liberty School1.6 km away
- Bower Park Academy1.6 km away
More reading links
Public Transport Nearby
The closest station to RM2 5PL is Gidea Park station, which is 1.6 kilometres away.
- Gidea Park|1.6 km away
- Romford|2.0 km away
