Philan Way - RM5 3YT
Key Street Insights
Philan Way is a residential street with 18 addresses.
It ranks as the 65th largest and 10th most expensive of the 172 streets in the RM5 area. The most common property type is a mid-century flat built between 1936 and 1979.
The street contains a total of 18 properties: 5 houses, 10 flats and 3 other properties.
- Ave. Sale Price
- £317,097
- 10 Year change
- up 25.0%
- Ave. Rental Price
- £1,896pcm
- 10 Year change
- up 43.3%
- Ave. £ per ft²
- £395/ft²
- Ave. Gross Yield
- 7.2%/year/yr
Key Street Insights
Philan Way is a residential street with 18 addresses.
It ranks as the 65th largest and 10th most expensive of the 172 streets in the RM5 area. The most common property type is a mid-century flat built between 1936 and 1979.
The street contains a total of 18 properties: 5 houses, 10 flats and 3 other properties.
- Ave. Sale Price
- £317,097
- 10 Year change
- up 25.0%
- Ave. Rental Price
- £1,896pcm
- 10 Year change
- up 43.3%
- Ave. £ per ft²
- £395/ft²
- Ave. Gross Yield
- 7.2%/year/yr
Explore Properties on Philan Way, Romford, RM5
- 2 Philan Way
2 Bed Mid-century Flat
- 3 Philan Way
2 Bed Modern House
- 4 Philan Way
2 Bed Mid-century Flat
- 5 Philan Way
3 Bed Modern House
- 6 Philan Way
2 Bed Mid-century Flat
Sales Market Trends
The last sale on Philan Way sold for £577,000 on 1st December 2023. Since then prices are up an average of 3.1%.
The current average value in the street is £317,097.
The Philan Way Sales Market has increased by 25.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.3% | £317,097 |
| June 2025 | 1.9% | £316,285 |
| June 2024 | -0.7% | £310,425 |
| June 2023 | -0.6% | £312,483 |
| June 2022 | 11.3% | £314,389 |
| June 2021 | 5.3% | £282,370 |
| June 2020 | 2.4% | £268,208 |
| June 2019 | 1% | £261,872 |
| June 2018 | -0.9% | £259,160 |
| June 2017 | 3% | £261,416 |
| June 2016 | 18.2% | £253,734 |
| June 2015 | 12.9% | £214,736 |
| June 2014 | 14.1% | £190,137 |
| June 2013 | 2.2% | £166,632 |
| June 2012 | 3.5% | £163,056 |
| June 2011 | -1.1% | £157,525 |
| June 2010 | 7.8% | £159,240 |
| June 2009 | -12.8% | £147,684 |
| June 2008 | 0.9% | £169,350 |
| June 2007 | 0% | £167,840 |
Rental Market Trends
The current average rental value in the street is £1,896.
The Philan Way Rental Market has increased by 43.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.7% | £1,896pcm |
| June 2025 | 5.1% | £1,846pcm |
| June 2024 | 5.4% | £1,756pcm |
| June 2023 | 15.3% | £1,666pcm |
| June 2022 | 7.4% | £1,445pcm |
| June 2021 | 0.1% | £1,346pcm |
| June 2020 | 2.4% | £1,344pcm |
| June 2019 | 2% | £1,313pcm |
| June 2018 | -0.3% | £1,287pcm |
| June 2017 | -2.5% | £1,290pcm |
| June 2016 | 7.1% | £1,323pcm |
| June 2015 | 7.2% | £1,236pcm |
| June 2014 | 9.4% | £1,153pcm |
| June 2013 | 4.4% | £1,053pcm |
| June 2012 | 4.6% | £1,009pcm |
| June 2011 | 7.2% | £965pcm |
| June 2010 | 3.5% | £900pcm |
| June 2009 | -5.3% | £869pcm |
| June 2008 | 8.3% | £918pcm |
| June 2007 | 0% | £848pcm |
Sales History
The last recorded sale was on 1st December 2023 for £577,000 and since then the market in the area has increased by 3.1%.
Philan Way, Romford, RM5 has had 3 sales since 1995, with 1 in the last three years and none in the last twelve months.
- Sold Dec 2023£577,000 | 3 Bed House13, Philan Way, Romford, RM5 3YT13, Philan Way, Romford, RM5 3YT
- Sold Jun 2022£240,000 | 2 Bed Flat12, Philan Way, Romford, RM5 3YT12, Philan Way, Romford, RM5 3YT
- Sold Mar 2022£270,000 | 2 Bed Flat14, Philan Way, Romford, RM5 3YT14, Philan Way, Romford, RM5 3YT
Top 3 Most Expensive Sales
- Sold Dec 2023£577,000 | 3 Bed House13, Philan Way, Romford, RM5 3YT13, Philan Way, Romford, RM5 3YT
- Sold Jun 2021£465,000 | 3 Bed House13, Philan Way, Romford, RM5 3YT13, Philan Way, Romford, RM5 3YT
- Sold Feb 2021£395,000 | 3 Bed House7, Philan Way, Romford, RM5 3YT7, Philan Way, Romford, RM5 3YT
Nearby Streets
Philan Way, Romford, RM5 is the 65th largest and the 10th most expensive street in the RM5 area.
- Paceheath Close, Romford, RM57 Addresses|83 m away
- Bellevue Road, Romford, RM588 Addresses|114 m away
- Mount Pleasant Road, Romford, RM596 Addresses|163 m away
- Chase Cross Road, Romford, RM5246 Addresses|188 m away
- Ascension Road, Romford, RM584 Addresses|203 m away
- Cardiff Close, Romford, RM510 Addresses|222 m away
Property Types
- 3 modern houses built after 1980
- 1 mid-century house built between 1936 and 1979
- 10 mid-century flats built between 1936 and 1979
- 1 house of an unknown age
- 3 other addresses of unknown type
- modern house (3)
- mid-century house (1)
- mid-century flat (10)
- house (1)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 14 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (9)
- G (0)
- D (4)
- No EPC (4)
Schools Nearby
- Clockhouse Primary School600 m away
- Rise Park Junior School800 m away
- Rise Park Infant School800 m away
- Bower Park Academy600 m away
- Marshalls Park Academy1.6 km away
- The Royal Liberty School3.2 km away
More reading links
Public Transport Nearby
The closest station to Philan Way, Romford, RM5 - RM5 3YT is Romford station, which is 3.2 kilometres away.
- Romford|3.2 km away
- Gidea Park|3.3 km away
