RM8 1LU is a residential postcode situated on Gray Avenue, Dagenham, RM8 with 36 addresses.
It ranks as the 382nd largest and 520th most expensive of the 569 postcodes in the RM8 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 36 properties: 36 houses.
RM8 1LU is a residential postcode situated on Gray Avenue, Dagenham, RM8 with 36 addresses.
It ranks as the 382nd largest and 520th most expensive of the 569 postcodes in the RM8 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 36 properties: 36 houses.
Sale prices range from £396,541 for 3 bedroom freehold houses with a garden (997 ft2) to £481,018 for 4 bedroom freehold houses with a garden (1,162 ft2) .
Monthly rental prices range from £2,016 pcm for 3 bed houses to £2,339 pcm for 4 bed houses.
The gross rental yield is between 5.8% and 6.4%.
The average value per square foot is £445.
The last sale in RM8 1LU sold for £450,000 on 24th May 2024. Since then prices are up an average of 3.1%.
The current average value in the postcode is £434,498.
The RM8 1LU Sales Market has increased by 32.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.9% | £434,498 |
| April 2025 | 2.2% | £430,736 |
| April 2024 | -1.7% | £421,416 |
| April 2023 | 2.7% | £428,680 |
| April 2022 | 10% | £417,430 |
| April 2021 | 6.4% | £379,391 |
| April 2020 | 1% | £356,464 |
| April 2019 | -1.2% | £352,963 |
| April 2018 | 3.3% | £357,074 |
| April 2017 | 5.7% | £345,669 |
| April 2016 | 18.4% | £326,888 |
| April 2015 | 12.2% | £276,141 |
| April 2014 | 15.9% | £246,181 |
| April 2013 | 7.5% | £212,457 |
| April 2012 | -0.7% | £197,587 |
| April 2011 | 2.9% | £198,983 |
| April 2010 | 5.3% | £193,432 |
| April 2009 | -15.7% | £183,665 |
| April 2008 | 4.6% | £217,805 |
| April 2007 | 0% | £208,314 |
The current average rental value in the postcode is £2,127.
The RM8 1LU Rental Market has increased by 53.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.5% | £2,127pcm |
| April 2025 | 3.3% | £2,075pcm |
| April 2024 | 11.9% | £2,010pcm |
| April 2023 | 15.3% | £1,795pcm |
| April 2022 | 5.2% | £1,557pcm |
| April 2021 | 3% | £1,481pcm |
| April 2020 | 1.9% | £1,437pcm |
| April 2019 | 1.9% | £1,410pcm |
| April 2018 | -0.3% | £1,384pcm |
| April 2017 | 0.4% | £1,389pcm |
| April 2016 | 7.5% | £1,384pcm |
| April 2015 | 7.6% | £1,287pcm |
| April 2014 | 7.2% | £1,197pcm |
| April 2013 | 9.2% | £1,116pcm |
| April 2012 | 3.5% | £1,022pcm |
| April 2011 | 7.9% | £987pcm |
| April 2010 | 3.2% | £915pcm |
| April 2009 | -2.4% | £886pcm |
| April 2008 | 6.6% | £909pcm |
| April 2007 | 0% | £853pcm |
The last sale was on 24th May 2024 for £450,000 and since then the market in the area has increased by 3.1%. The postcode has had a total of 55 sales since 1995.
RM8 1LU has seen 3 sales in the last three years and no sales in the last twelve months.
RM8 1LU is the 382nd largest and the 520th most expensive postcode out of the 569 postcodes in the RM8 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around RM8 1LU, 44.8% of property is privately owned with a mortgage and 30.4% is privately rented.
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 RM8 1LU, 31.2% of residents are recorded as possessing school level qualifications and 32.2% 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 RM8 1LU, the average age was 32.9 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 RM8 1LU, 0.7% 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 RM8 1LU, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
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.