RM3 9LA is a residential postcode situated on Colne Drive, Romford, RM3 with 35 addresses.
It ranks as the 681st largest and 470th most expensive of the 855 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 35 properties: 35 houses.
RM3 9LA is a residential postcode situated on Colne Drive, Romford, RM3 with 35 addresses.
It ranks as the 681st largest and 470th most expensive of the 855 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 35 properties: 35 houses.
Sale prices range from £377,787 for 3 bedroom freehold houses with a garden (731 ft2) to £519,782 for 4 bedroom freehold houses with a garden (1,345 ft2) .
Monthly rental prices range from £2,025 pcm for 3 bed houses to £2,426 pcm for 4 bed houses.
The gross rental yield is between 5.6% and 6.4%.
The average value per square foot is £490.
The last sale in RM3 9LA sold for £400,000 on 19th February 2024. Since then prices are up an average of 5.8%.
The current average value in the postcode is £408,622.
The RM3 9LA Sales Market has increased by 37.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.6% | £408,622 |
| April 2025 | 2.9% | £402,192 |
| April 2024 | -2.4% | £390,788 |
| April 2023 | 3% | £400,371 |
| April 2022 | 10.5% | £388,890 |
| April 2021 | 4.4% | £351,808 |
| April 2020 | 1% | £337,065 |
| April 2019 | 0.9% | £333,665 |
| April 2018 | 1.3% | £330,712 |
| April 2017 | 9.4% | £326,436 |
| April 2016 | 18.3% | £298,364 |
| April 2015 | 13.5% | £252,208 |
| April 2014 | 12.8% | £222,150 |
| April 2013 | 7% | £196,995 |
| April 2012 | 1.7% | £184,056 |
| April 2011 | -1.1% | £181,031 |
| April 2010 | 6.6% | £183,011 |
| April 2009 | -13.8% | £171,612 |
| April 2008 | 5.1% | £199,123 |
| April 2007 | 0% | £189,423 |
The current average rental value in the postcode is £2,117.
The RM3 9LA Rental Market has increased by 52.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2% | £2,117pcm |
| April 2025 | 6.8% | £2,075pcm |
| April 2024 | 8.1% | £1,943pcm |
| April 2023 | 10.9% | £1,797pcm |
| April 2022 | 7% | £1,620pcm |
| April 2021 | 4.4% | £1,514pcm |
| April 2020 | 1.2% | £1,451pcm |
| April 2019 | 2.3% | £1,434pcm |
| April 2018 | -1.1% | £1,402pcm |
| April 2017 | 1.7% | £1,417pcm |
| April 2016 | 8.2% | £1,393pcm |
| April 2015 | 6.9% | £1,288pcm |
| April 2014 | 5.7% | £1,204pcm |
| April 2013 | 5.7% | £1,139pcm |
| April 2012 | 4.3% | £1,078pcm |
| April 2011 | 6.1% | £1,034pcm |
| April 2010 | 5.1% | £974pcm |
| April 2009 | -3.8% | £927pcm |
| April 2008 | 7.9% | £964pcm |
| April 2007 | 0% | £893pcm |
The last sale was on 19th February 2024 for £400,000 and since then the market in the area has increased by 5.8%. The postcode has had a total of 21 sales since 1995.
RM3 9LA has seen 1 sale in the last three years and no sales in the last twelve months.
RM3 9LA is the 681st largest and the 470th most expensive postcode out of the 855 postcodes in the RM3 area.
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The closest station to RM3 9LA is Harold Wood station which is 1.3 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 9LA, 52.4% of property is socially rented and 19.1% 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 9LA, 30.2% of residents are recorded as possessing school level qualifications and 24.9% 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 9LA, the average age was 35.9 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 9LA, 0.0% 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 9LA, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.