The Drive - RM5 3TP
Key Postcode Insights
RM5 3TP is a residential postcode situated on The Drive, Collier Row, Romford, RM5 with 31 addresses.
It ranks as the 274th largest and 99th most expensive of the 369 postcodes in the RM5 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 31 properties: 31 houses.
- Ave. Sale Price
- £397,445
- 10 Year change
- up 28.9%
- Ave. Rental Price
- £2,467pcm
- 10 Year change
- up 48.0%
- Ave. £ per ft²
- £500/ft²
- Ave. Gross Yield
- 7.4%/year/yr
Key Postcode Insights
RM5 3TP is a residential postcode situated on The Drive, Collier Row, Romford, RM5 with 31 addresses.
It ranks as the 274th largest and 99th most expensive of the 369 postcodes in the RM5 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 31 properties: 31 houses.
- Ave. Sale Price
- £397,445
- 10 Year change
- up 28.9%
- Ave. Rental Price
- £2,467pcm
- 10 Year change
- up 48.0%
- Ave. £ per ft²
- £500/ft²
- Ave. Gross Yield
- 7.4%/year/yr
Explore Propertiesin RM5 3TP
- 9 The Drive
3 Bed Early-century House
- 11 The Drive
Unknown
- 13 The Drive
Unknown
- 15 The Drive
3 Bed Mid-century House
- 17 The Drive
3 Bed Early-century House
Sales Market Trends
The last sale in RM5 3TP sold for £347,500 on 14th July 2017. Since then prices are up an average of 25.3%.
The current average value in the postcode is £397,445.
The RM5 3TP Sales Market has increased by 28.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.5% | £397,445 |
| June 2025 | 2% | £399,473 |
| June 2024 | -0.8% | £391,798 |
| June 2023 | -0.2% | £394,949 |
| June 2022 | 12.1% | £395,824 |
| June 2021 | 6.3% | £353,107 |
| June 2020 | 2.6% | £332,035 |
| June 2019 | 1.7% | £323,733 |
| June 2018 | -0.1% | £318,438 |
| June 2017 | 3.4% | £318,767 |
| June 2016 | 17.2% | £308,396 |
| June 2015 | 11.9% | £263,246 |
| June 2014 | 13.7% | £235,351 |
| June 2013 | 2.5% | £206,905 |
| June 2012 | 3% | £201,896 |
| June 2011 | 0.1% | £196,044 |
| June 2010 | 10.4% | £195,831 |
| June 2009 | -10.8% | £177,417 |
| June 2008 | 0.6% | £198,960 |
| June 2007 | 0% | £197,807 |
Rental Market Trends
The current average rental value in the postcode is £2,467.
The RM5 3TP Rental Market has increased by 48.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.9% | £2,467pcm |
| June 2025 | 5.1% | £2,420pcm |
| June 2024 | 5.3% | £2,302pcm |
| June 2023 | 15.8% | £2,186pcm |
| June 2022 | 8.1% | £1,888pcm |
| June 2021 | 1.2% | £1,746pcm |
| June 2020 | 2.6% | £1,725pcm |
| June 2019 | 2.7% | £1,682pcm |
| June 2018 | 0.4% | £1,638pcm |
| June 2017 | -2.1% | £1,631pcm |
| June 2016 | 6.1% | £1,666pcm |
| June 2015 | 6.2% | £1,570pcm |
| June 2014 | 9% | £1,478pcm |
| June 2013 | 4.7% | £1,355pcm |
| June 2012 | 4.1% | £1,295pcm |
| June 2011 | 8.4% | £1,244pcm |
| June 2010 | 6% | £1,147pcm |
| June 2009 | -3.2% | £1,083pcm |
| June 2008 | 8% | £1,118pcm |
| June 2007 | 0% | £1,036pcm |
Sales History
The last sale was on 14th July 2017 for £347,500 and since then the market in the area has increased by 25.3%. The postcode has had a total of 29 sales since 1995.
RM5 3TP has seen no sales in the last three years and no sales in the last twelve months.
- Sold Jul 2017£347,500 | 3 Bed House39, The Drive, Romford, RM5 3TP39, The Drive, Romford, RM5 3TP
- Sold May 2017£316,000 | 3 Bed House25, The Drive, Romford, RM5 3TP25, The Drive, Romford, RM5 3TP
- Sold Mar 2017£405,000 | 3 Bed House43, The Drive, Romford, RM5 3TP43, The Drive, Romford, RM5 3TP
- Sold Nov 2016£240,000 | 3 Bed House31, The Drive, Romford, RM5 3TP31, The Drive, Romford, RM5 3TP
- Sold Feb 2016£250,000 | 3 Bed House43, The Drive, Romford, RM5 3TP43, The Drive, Romford, RM5 3TP
Nearby Postcodes
RM5 3TP is the 274th largest and the 99th most expensive postcode out of the 369 postcodes in the RM5 area.
- RM5 3TR, The Drive, Collier Row, Romford, RM5RM5 3TR34 Addresses|35 m away
- RM5 3TJ, Wilton Drive, Romford, RM5RM5 3TJ37 Addresses|79 m away
- RM5 3TL, Faircross Avenue, Romford, RM5RM5 3TL17 Addresses|119 m away
- RM5 3UA, Bartlow Gardens, Romford, RM5RM5 3UA28 Addresses|125 m away
- RM5 3UD, Faircross Avenue, Romford, RM5RM5 3UD23 Addresses|131 m away
Property Types
- 1 mid-century house built between 1936 and 1979
- 1 house of an unknown age
- 17 early-century houses built between 1912 and 1935
- 12 other addresses of unknown type
- mid-century house (1)
- house (1)
- early-century house (17)
- Unknown (12)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 18 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (0)
- F (0)
- C (4)
- G (0)
- D (12)
- No EPC (13)
Top 3 Most Expensive Sales
Schools Nearby
- Rise Park Junior School500 m away
- Rise Park Infant School500 m away
- Clockhouse Primary School700 m away
- Bower Park Academy1.0 km away
- Marshalls Park Academy1.2 km away
- The Royal Liberty School3.0 km away
More reading links
Public Transport Nearby
The closest station to RM5 3TP is Romford station, which is 2.7 kilometres away.
- Romford|2.7 km away
- Gidea Park|3.0 km away
