RM5 3TR is a residential postcode situated on The Drive, Collier Row, Romford, RM5 with 34 addresses.
It ranks as the 293rd largest and 222nd most expensive of the 369 postcodes in the RM5 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 34 properties: 34 houses.
RM5 3TR is a residential postcode situated on The Drive, Collier Row, Romford, RM5 with 34 addresses.
It ranks as the 293rd largest and 222nd most expensive of the 369 postcodes in the RM5 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 34 properties: 34 houses.
Sale prices range from £397,733 for 3 bedroom freehold houses with a garden (674 ft2) to £573,324 for 4 bedroom freehold houses with a garden (1,377 ft2) .
Monthly rental prices range from £2,415 pcm for 3 bed houses to £3,339 pcm for 4 bed houses.
The gross rental yield is between 6.9% and 7.3%.
The average value per square foot is £517.
The last sale in RM5 3TR sold for £340,000 on 6th January 2026. Since then prices are down an average of 0.1%.
The current average value in the postcode is £457,528.
The RM5 3TR Sales Market has increased by 30.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.5% | £457,528 |
| May 2025 | 2.3% | £455,046 |
| May 2024 | -1.6% | £444,808 |
| May 2023 | 1.2% | £452,136 |
| May 2022 | 11.6% | £446,634 |
| May 2021 | 5.8% | £400,077 |
| May 2020 | 2.3% | £378,001 |
| May 2019 | 1.5% | £369,373 |
| May 2018 | -0.2% | £363,838 |
| May 2017 | 4.2% | £364,696 |
| May 2016 | 17.8% | £349,996 |
| May 2015 | 11.6% | £297,031 |
| May 2014 | 13.2% | £266,207 |
| May 2013 | 2% | £235,137 |
| May 2012 | 3.2% | £230,514 |
| May 2011 | 0.7% | £223,261 |
| May 2010 | 9.4% | £221,774 |
| May 2009 | -11.5% | £202,684 |
| May 2008 | 1.4% | £228,899 |
| May 2007 | 0% | £225,648 |
The current average rental value in the postcode is £2,667.
The RM5 3TR Rental Market has increased by 49.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3% | £2,667pcm |
| May 2025 | 5.3% | £2,590pcm |
| May 2024 | 6.2% | £2,460pcm |
| May 2023 | 15.6% | £2,317pcm |
| May 2022 | 7.5% | £2,005pcm |
| May 2021 | 0.9% | £1,865pcm |
| May 2020 | 2.6% | £1,848pcm |
| May 2019 | 2% | £1,801pcm |
| May 2018 | 0.3% | £1,766pcm |
| May 2017 | -1.6% | £1,761pcm |
| May 2016 | 7.1% | £1,790pcm |
| May 2015 | 5.8% | £1,671pcm |
| May 2014 | 8.2% | £1,580pcm |
| May 2013 | 4.9% | £1,459pcm |
| May 2012 | 4.5% | £1,391pcm |
| May 2011 | 8.3% | £1,331pcm |
| May 2010 | 5.3% | £1,229pcm |
| May 2009 | -3.4% | £1,167pcm |
| May 2008 | 8.2% | £1,207pcm |
| May 2007 | 0% | £1,116pcm |
The last sale was on 6th January 2026 for £340,000 and since then the market in the area has decreased by 0.1%. The postcode has had a total of 48 sales since 1995.
RM5 3TR has seen 6 sales in the last three years and 3 sales in the last twelve months.
RM5 3TR is the 293rd largest and the 222nd most expensive postcode out of the 369 postcodes in the RM5 area.
Be the first Estate
Agent here!
The closest station to RM5 3TR is Romford station which is 2.7 kilometres away.
Be the first Estate
Agent here!
The recent census recorded whether a resident owned or rented their home.
In the area around RM5 3TR, 46.2% of property is privately owned with a mortgage and 38.5% is privately owned outright.
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 RM5 3TR, 22.9% of residents are recorded as possessing school level qualifications and 26.0% 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 RM5 3TR, the average age was 40.2 and the most common age was 42.
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 RM5 3TR, 0.9% 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 RM5 3TR, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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.