RM3 8XP is a residential postcode situated on Kings Lynn Drive, Romford, RM3 with 12 addresses.
It ranks as the 263rd largest and 12th most expensive of the 855 postcodes in the RM3 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 flats.
RM3 8XP is a residential postcode situated on Kings Lynn Drive, Romford, RM3 with 12 addresses.
It ranks as the 263rd largest and 12th most expensive of the 855 postcodes in the RM3 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 flats.
Sale prices range from £161,469 for 1 bedroom leasehold flats (430 ft2) to £200,894 for 2 bedroom leasehold flats (636 ft2) .
Monthly rental prices range from £1,072 pcm for 1 bed flats to £1,299 pcm for 2 bed flats.
The gross rental yield is between 7.8% and 8.0%.
The average value per square foot is £354.
The last sale in RM3 8XP sold for £155,500 on 26th February 2025. Since then prices are up an average of 3.8%.
The current average value in the postcode is £171,726.
The RM3 8XP Sales Market has increased by 20.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.1% | £171,726 |
| April 2025 | 1.3% | £166,605 |
| April 2024 | -1.1% | £164,461 |
| April 2023 | 1.1% | £166,320 |
| April 2022 | 6.9% | £164,557 |
| April 2021 | 1.3% | £154,007 |
| April 2020 | 0.7% | £152,094 |
| April 2019 | -1% | £151,077 |
| April 2018 | -0.6% | £152,672 |
| April 2017 | 8.1% | £153,556 |
| April 2016 | 19.5% | £142,056 |
| April 2015 | 14.1% | £118,883 |
| April 2014 | 9.6% | £104,217 |
| April 2013 | 3.3% | £95,123 |
| April 2012 | 1% | £92,079 |
| April 2011 | -3.1% | £91,149 |
| April 2010 | 4.1% | £94,079 |
| April 2009 | -14.3% | £90,340 |
| April 2008 | 5.2% | £105,442 |
| April 2007 | 0% | £100,221 |
The current average rental value in the postcode is £1,131.
The RM3 8XP Rental Market has increased by 33.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.5% | £1,131pcm |
| April 2025 | 5.3% | £1,093pcm |
| April 2024 | 9.5% | £1,039pcm |
| April 2023 | 8.7% | £948pcm |
| April 2022 | 3.4% | £872pcm |
| April 2021 | 1.2% | £844pcm |
| April 2020 | 0.7% | £833pcm |
| April 2019 | 0.4% | £827pcm |
| April 2018 | -3% | £824pcm |
| April 2017 | 0.4% | £849pcm |
| April 2016 | 9.2% | £845pcm |
| April 2015 | 7.3% | £774pcm |
| April 2014 | 2.7% | £722pcm |
| April 2013 | 1.9% | £703pcm |
| April 2012 | 3.5% | £690pcm |
| April 2011 | 4.2% | £666pcm |
| April 2010 | 2.8% | £640pcm |
| April 2009 | -4.4% | £622pcm |
| April 2008 | 8% | £651pcm |
| April 2007 | 0% | £602pcm |
The last sale was on 26th February 2025 for £155,500 and since then the market in the area has increased by 3.8%. The postcode has had a total of 15 sales since 1995.
RM3 8XP has seen 2 sales in the last three years and no sales in the last twelve months.
RM3 8XP is the 263rd largest and the 12th most expensive postcode out of the 855 postcodes in the RM3 area.
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The closest station to RM3 8XP is Harold Wood station which is 1.5 kilometres away.
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