Prospect Place - RM5 3DS
Key Street Insights
Prospect Place is a residential street with 52 addresses.
It ranks as the 128th largest and 3rd 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 52 properties: 2 houses and 50 flats.
- Ave. Sale Price
- £201,283
- 10 Year change
- up 18.5%
- Ave. Rental Price
- £1,370pcm
- 10 Year change
- up 40.5%
- Ave. £ per ft²
- £304/ft²
- Ave. Gross Yield
- 8.2%/year/yr
Key Street Insights
Prospect Place is a residential street with 52 addresses.
It ranks as the 128th largest and 3rd 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 52 properties: 2 houses and 50 flats.
- Ave. Sale Price
- £201,283
- 10 Year change
- up 18.5%
- Ave. Rental Price
- £1,370pcm
- 10 Year change
- up 40.5%
- Ave. £ per ft²
- £304/ft²
- Ave. Gross Yield
- 8.2%/year/yr
Explore Properties on Prospect Place, Romford, RM5
- 1 Nathaniel Cottages Prospect Place
3 Bed Modern House
- 2 Nathaniel Cottages Prospect Place
3 Bed Modern House
- Curwen Cottages
Building  |  2 Flats
- 1 Prospect Place
2 Bed Mid-century Flat
- 2 Prospect Place
2 Bed Mid-century Flat
Sales Market Trends
The last sale on Prospect Place sold for £167,500 on 6th February 2026. Since then prices are up an average of 1.5%.
The current average value in the street is £201,283.
The Prospect Place Sales Market has increased by 18.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.9% | £201,283 |
| June 2025 | 1.7% | £199,524 |
| June 2024 | 0.6% | £196,229 |
| June 2023 | -1.4% | £195,067 |
| June 2022 | 8.5% | £197,829 |
| June 2021 | 4.1% | £182,314 |
| June 2020 | 2.3% | £175,217 |
| June 2019 | -1% | £171,338 |
| June 2018 | -1.3% | £173,021 |
| June 2017 | 3.2% | £175,370 |
| June 2016 | 19.1% | £169,925 |
| June 2015 | 12.6% | £142,624 |
| June 2014 | 12.6% | £126,655 |
| June 2013 | 2.7% | £112,528 |
| June 2012 | 0.5% | £109,543 |
| June 2011 | -0.8% | £108,986 |
| June 2010 | 6.2% | £109,835 |
| June 2009 | -13.4% | £103,436 |
| June 2008 | 1.2% | £119,373 |
| June 2007 | 0% | £117,912 |
Rental Market Trends
The current average rental value in the street is £1,370.
The Prospect Place Rental Market has increased by 40.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.4% | £1,370pcm |
| June 2025 | 3.3% | £1,324pcm |
| June 2024 | 8.3% | £1,282pcm |
| June 2023 | 14.5% | £1,184pcm |
| June 2022 | 5.4% | £1,034pcm |
| June 2021 | 0.7% | £981pcm |
| June 2020 | 2.8% | £974pcm |
| June 2019 | 0.4% | £948pcm |
| June 2018 | -1.7% | £944pcm |
| June 2017 | -1.5% | £960pcm |
| June 2016 | 7.6% | £975pcm |
| June 2015 | 7.9% | £906pcm |
| June 2014 | 7% | £840pcm |
| June 2013 | 4.7% | £785pcm |
| June 2012 | 2% | £750pcm |
| June 2011 | 6% | £735pcm |
| June 2010 | 2.6% | £693pcm |
| June 2009 | -5.9% | £676pcm |
| June 2008 | 8.9% | £718pcm |
| June 2007 | 0% | £659pcm |
Sales History
The last recorded sale was on 6th February 2026 for £167,500 and since then the market in the area has increased by 1.5%.
Prospect Place, Romford, RM5 has had 3 sales since 1995, with 3 in the last three years and 2 in the last twelve months.
- Sold Feb 2026£167,500 | 2 Bed Flat31, Prospect Place, Romford, RM5 3DS31, Prospect Place, Romford, RM5 3DS
- Sold Oct 2025£188,000 | 2 Bed Flat12, Prospect Place, Romford, RM5 3DS12, Prospect Place, Romford, RM5 3DS
- Sold Jul 2025£157,500 | 2 Bed Flat43, Prospect Place, Romford, RM5 3DS43, Prospect Place, Romford, RM5 3DS
Top 3 Most Expensive Sales
- Sold Oct 2025£188,000 | 2 Bed Flat12, Prospect Place, Romford, RM5 3DS12, Prospect Place, Romford, RM5 3DS
- Sold Jan 2022£168,750 | 2 Bed Flat42, Prospect Place, Romford, RM5 3DS42, Prospect Place, Romford, RM5 3DS
- Sold Feb 2026£167,500 | 2 Bed Flat31, Prospect Place, Romford, RM5 3DS31, Prospect Place, Romford, RM5 3DS
Nearby Streets
Prospect Place, Romford, RM5 is the 128th largest and the 3rd most expensive street in the RM5 area.
- Wainfleet Avenue, Romford, RM532 Addresses|89 m away
- Maidstone Avenue, Romford, RM538 Addresses|106 m away
- Hayden Way, Romford, RM524 Addresses|127 m away
- Thameshill Avenue, Romford, RM537 Addresses|171 m away
- Dunster Close, Romford, RM552 Addresses|188 m away
- Ferndale Road, Romford, RM539 Addresses|228 m away
Property Types
- 2 modern houses built after 1980
- 2 modern flats built after 1980
- 48 mid-century flats built between 1936 and 1979
- modern house (2)
- modern flat (2)
- mid-century flat (48)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 51 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (2)
- F (0)
- C (37)
- G (0)
- D (12)
- No EPC (1)
Schools Nearby
- Parklands Primary School500 m away
- Crownfield Junior School800 m away
- Crownfield Infant School800 m away
- Marshalls Park Academy1.2 km away
- Bower Park Academy1.9 km away
- St Edward's Church of England Academy2.2 km away
More reading links
Public Transport Nearby
The closest station to Prospect Place, Romford, RM5 - RM5 3DS is Romford station, which is 2.1 kilometres away.
- Romford|2.1 km away
- Gidea Park|2.8 km away
