RM3 0AQ is a residential postcode situated on The Parade, Romford, RM3 with 12 addresses.
It ranks as the 212th largest and 232nd most expensive of the 855 postcodes in the RM3 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 12 properties: 6 houses and 6 flats.
RM3 0AQ is a residential postcode situated on The Parade, Romford, RM3 with 12 addresses.
It ranks as the 212th largest and 232nd most expensive of the 855 postcodes in the RM3 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 12 properties: 6 houses and 6 flats.
Sale prices range from £111,769 for studio Leasehold flats (312 ft2) to £551,834 for 4 bedroom freehold houses with a garden (1,131 ft2) .
Monthly rental prices range from £698 pcm for studio flats to £2,340 pcm for 4 bed houses.
The gross rental yield is between 4.9% and 7.5%.
The average value per square foot is £479.
The last sale in RM3 0AQ sold for £430,000 on 15th March 2024. Since then prices are up an average of 22.6%.
The current average value in the postcode is £344,731.
The RM3 0AQ Sales Market has increased by 26.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.3% | £344,731 |
| April 2025 | 2.1% | £340,392 |
| April 2024 | -1.6% | £333,510 |
| April 2023 | 1.8% | £338,922 |
| April 2022 | 7.8% | £332,766 |
| April 2021 | 2.6% | £308,725 |
| April 2020 | 0.9% | £300,859 |
| April 2019 | -0.1% | £298,048 |
| April 2018 | 0.7% | £298,417 |
| April 2017 | 8.3% | £296,388 |
| April 2016 | 16.9% | £273,599 |
| April 2015 | 12.1% | £234,091 |
| April 2014 | 10.6% | £208,908 |
| April 2013 | 4.7% | £188,811 |
| April 2012 | 0.3% | £180,367 |
| April 2011 | -0.8% | £179,777 |
| April 2010 | 6.1% | £181,206 |
| April 2009 | -13.4% | £170,793 |
| April 2008 | 4.8% | £197,159 |
| April 2007 | 0% | £188,162 |
The current average rental value in the postcode is £1,672.
The RM3 0AQ Rental Market has increased by 41.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2% | £1,672pcm |
| April 2025 | 5.3% | £1,640pcm |
| April 2024 | 8.9% | £1,557pcm |
| April 2023 | 9.9% | £1,430pcm |
| April 2022 | 5.1% | £1,301pcm |
| April 2021 | 2.9% | £1,237pcm |
| April 2020 | 1.5% | £1,203pcm |
| April 2019 | 0.8% | £1,186pcm |
| April 2018 | -1.3% | £1,176pcm |
| April 2017 | 0.8% | £1,191pcm |
| April 2016 | 7.5% | £1,182pcm |
| April 2015 | 6.6% | £1,099pcm |
| April 2014 | 4.1% | £1,031pcm |
| April 2013 | 3.7% | £990pcm |
| April 2012 | 3.7% | £955pcm |
| April 2011 | 4.7% | £921pcm |
| April 2010 | 3.8% | £879pcm |
| April 2009 | -3.8% | £847pcm |
| April 2008 | 7.4% | £881pcm |
| April 2007 | 0% | £820pcm |
The last sale was on 15th March 2024 for £430,000 and since then the market in the area has increased by 22.6%. The postcode has had a total of 5 sales since 1995.
RM3 0AQ has seen 1 sale in the last three years and no sales in the last twelve months.
RM3 0AQ is the 212th largest and the 232nd most expensive postcode out of the 855 postcodes in the RM3 area.
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The closest station to RM3 0AQ is Harold Wood station which is 1.5 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around RM3 0AQ, 43.9% of property is privately owned outright and 36.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around RM3 0AQ, 19.4% of residents are recorded as possessing school level qualifications and 29.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around RM3 0AQ, the average age was 40.7 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around RM3 0AQ, 0.7% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around RM3 0AQ, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.