The Drive - RM5 3TR
Key Postcode Insights
RM5 3TR is a residential postcode situated on The Drive, Collier Row, Romford, RM5 with 34 addresses.
It ranks as the 293rd largest and 223rd 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 34 properties: 21 houses and 13 other properties.
- Ave. Sale Price
- £454,631
- 10 Year change
- up 28.8%
- Ave. Rental Price
- £2,571pcm
- 10 Year change
- up 48.0%
- Ave. £ per ft²
- £513/ft²
- Ave. Gross Yield
- 6.8%/year/yr
Key Postcode Insights
RM5 3TR is a residential postcode situated on The Drive, Collier Row, Romford, RM5 with 34 addresses.
It ranks as the 293rd largest and 223rd 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 34 properties: 21 houses and 13 other properties.
- Ave. Sale Price
- £454,631
- 10 Year change
- up 28.8%
- Ave. Rental Price
- £2,571pcm
- 10 Year change
- up 48.0%
- Ave. £ per ft²
- £513/ft²
- Ave. Gross Yield
- 6.8%/year/yr
Explore Properties in RM5 3TR
- 8 The Drive
House
- 10 The Drive
3 Bed Early-century House
- 12 The Drive
3 Bed Early-century House
- 14 The Drive
House
- 16 The Drive
House
Sales Market Trends
The last sale in RM5 3TR sold for £340,000 on 6th January 2026. Since then prices are down an average of 0.6%.
The current average value in the postcode is £454,631.
The RM5 3TR Sales Market has increased by 28.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.6% | £454,631 |
| June 2025 | 1.9% | £457,184 |
| June 2024 | -0.8% | £448,482 |
| June 2023 | -0.2% | £452,049 |
| June 2022 | 12.1% | £453,040 |
| June 2021 | 6.3% | £404,217 |
| June 2020 | 2.6% | £380,110 |
| June 2019 | 1.7% | £370,590 |
| June 2018 | -0.1% | £364,470 |
| June 2017 | 3.4% | £364,784 |
| June 2016 | 17.1% | £352,921 |
| June 2015 | 11.8% | £301,422 |
| June 2014 | 13.7% | £269,643 |
| June 2013 | 2.5% | £237,157 |
| June 2012 | 2.9% | £231,398 |
| June 2011 | 0.2% | £224,782 |
| June 2010 | 10.5% | £224,418 |
| June 2009 | -10.7% | £203,179 |
| June 2008 | 0.6% | £227,645 |
| June 2007 | 0% | £226,344 |
Rental Market Trends
The current average rental value in the postcode is £2,571.
The RM5 3TR Rental Market has increased by 48.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.9% | £2,571pcm |
| June 2025 | 5.1% | £2,524pcm |
| June 2024 | 5.4% | £2,401pcm |
| June 2023 | 15.8% | £2,279pcm |
| June 2022 | 8.1% | £1,969pcm |
| June 2021 | 1.2% | £1,821pcm |
| June 2020 | 2.6% | £1,799pcm |
| June 2019 | 2.7% | £1,754pcm |
| June 2018 | 0.5% | £1,708pcm |
| June 2017 | -2.1% | £1,700pcm |
| June 2016 | 6.1% | £1,737pcm |
| June 2015 | 6.2% | £1,638pcm |
| June 2014 | 9% | £1,543pcm |
| June 2013 | 4.7% | £1,415pcm |
| June 2012 | 4% | £1,352pcm |
| June 2011 | 8.5% | £1,300pcm |
| June 2010 | 6% | £1,198pcm |
| June 2009 | -3.1% | £1,130pcm |
| June 2008 | 8% | £1,166pcm |
| June 2007 | 0% | £1,080pcm |
Sales History
The last recorded sale was on 6th January 2026 for £340,000 and since then the market in the area has decreased by 0.6%.
RM5 3TR has had 3 sales since 1995, 3 of them in the last twelve months.
- Sold Jan 2026£340,000 | 3 Bed House66, The Drive, Romford, RM5 3TR66, The Drive, Romford, RM5 3TR
- Sold Dec 2025£440,000 | 3 Bed House38, The Drive, Romford, RM5 3TR38, The Drive, Romford, RM5 3TR
- Sold Sep 2025£325,000 | 3 Bed House66, The Drive, Romford, RM5 3TR66, The Drive, Romford, RM5 3TR
Nearby Postcodes
RM5 3TR is the 293rd largest and the 223rd most expensive postcode out of the 369 postcodes in the RM5 area.
- RM5 3TP, The Drive, Collier Row, Romford, RM5RM5 3TP31 Addresses|35 m away
- RM5 3UA, Bartlow Gardens, Romford, RM5RM5 3UA28 Addresses|92 m away
- RM5 3TJ, Wilton Drive, Romford, RM5RM5 3TJ37 Addresses|112 m away
- RM5 3UD, Faircross Avenue, Romford, RM5RM5 3UD23 Addresses|127 m away
- RM5 3TX, Bartlow Gardens, Romford, RM5RM5 3TX28 Addresses|132 m away
Property Types
- 1 mid-century house built between 1936 and 1979
- 3 houses of an unknown age
- 17 early-century houses built between 1912 and 1935
- 13 other addresses of unknown type
- mid-century house (1)
- house (3)
- early-century house (17)
- Unknown (13)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been 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 (16)
Top 3 Most Expensive Sales
- Sold Sep 2022£540,000 | 4 Bed House20, The Drive, Romford, RM5 3TR20, The Drive, Romford, RM5 3TR
- Sold Jul 2023£520,000 | 4 Bed House77, The Drive, Romford, RM5 3UH77, The Drive, Romford, RM5 3UH
- Sold Feb 2021£517,500 | 4 Bed House75, The Drive, Romford, RM5 3UH75, The Drive, Romford, RM5 3UH
Schools Nearby
- Rise Park Junior School400 m away
- Rise Park Infant School400 m away
- Clockhouse Primary School700 m away
- Bower Park Academy1.0 km away
- Marshalls Park Academy1.2 km away
- The Royal Liberty School2.9 km away
More reading links
Public Transport Nearby
The closest station to RM5 3TR is Romford station, which is 2.7 kilometres away.
- Romford|2.7 km away
- Gidea Park|2.9 km away
