RM3 7ES is a residential postcode situated on Chaucer Road, Romford, RM3 with 24 addresses.
It ranks as the 505th largest and 329th most expensive of the 857 postcodes in the RM3 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 24 properties: 16 houses and 8 flats.
RM3 7ES is a residential postcode situated on Chaucer Road, Romford, RM3 with 24 addresses.
It ranks as the 505th largest and 329th most expensive of the 857 postcodes in the RM3 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 24 properties: 16 houses and 8 flats.
Sale prices range from £278,627 for 2 bedroom leasehold flats with a garden (635 ft2) to £493,271 for 4 bedroom freehold houses with a garden (1,323 ft2) .
Monthly rental prices range from £1,397 pcm for 2 bed flats to £2,292 pcm for 4 bed houses.
The gross rental yield is between 5.6% and 6.3%.
The average value per square foot is £484.
The last sale in RM3 7ES sold for £380,000 on 28th October 2025. Since then prices are up an average of 2.1%.
The current average value in the postcode is £355,085.
The RM3 7ES Sales Market has increased by 25.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 1.2% | £355,085 |
| May 2025 | 2% | £350,923 |
| May 2024 | -1.2% | £344,167 |
| May 2023 | 0.8% | £348,241 |
| May 2022 | 9.1% | £345,604 |
| May 2021 | 2.6% | £316,633 |
| May 2020 | 1.2% | £308,680 |
| May 2019 | 0% | £304,985 |
| May 2018 | 0.8% | £305,089 |
| May 2017 | 7.2% | £302,585 |
| May 2016 | 17.6% | £282,378 |
| May 2015 | 12.8% | £240,077 |
| May 2014 | 12% | £212,763 |
| May 2013 | 3.5% | £190,001 |
| May 2012 | 0.6% | £183,664 |
| May 2011 | -0.7% | £182,507 |
| May 2010 | 8% | £183,884 |
| May 2009 | -13.6% | £170,273 |
| May 2008 | 3.1% | £197,091 |
| May 2007 | 0% | £191,195 |
The current average rental value in the postcode is £1,804.
The RM3 7ES Rental Market has increased by 45.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.7% | £1,804pcm |
| May 2025 | 4.9% | £1,756pcm |
| May 2024 | 8.6% | £1,674pcm |
| May 2023 | 11% | £1,540pcm |
| May 2022 | 6.4% | £1,388pcm |
| May 2021 | 2.4% | £1,304pcm |
| May 2020 | 1.9% | £1,273pcm |
| May 2019 | 1.1% | £1,250pcm |
| May 2018 | -0.6% | £1,236pcm |
| May 2017 | 0.5% | £1,243pcm |
| May 2016 | 7.6% | £1,237pcm |
| May 2015 | 7.2% | £1,150pcm |
| May 2014 | 4.3% | £1,072pcm |
| May 2013 | 2.2% | £1,028pcm |
| May 2012 | 4.4% | £1,006pcm |
| May 2011 | 4.7% | £963pcm |
| May 2010 | 5.9% | £920pcm |
| May 2009 | -3.6% | £869pcm |
| May 2008 | 7% | £901pcm |
| May 2007 | 0% | £842pcm |
The last sale was on 28th October 2025 for £380,000 and since then the market in the area has increased by 2.1%. The postcode has had a total of 30 sales since 1995.
RM3 7ES has seen 2 sales in the last three years and 1 sale in the last twelve months.
RM3 7ES is the 505th largest and the 329th most expensive postcode out of the 857 postcodes in the RM3 area.
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The closest station to RM3 7ES is Harold Wood station which is 2.0 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around RM3 7ES, 48.1% of property is socially rented and 28.7% 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 7ES, 23.8% of residents are recorded as possessing school level qualifications and 21.9% 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 7ES, the average age was 37.6 and the most common age was 37.
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 7ES, 0.6% 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 7ES, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
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.