Key indicators for buyers
The RM1 market is moderately favourable for buyers. Prices have softened (-20.0%), which could present a buying opportunity. Affordability has improved from a peak of 12.9x in 2022 to 11.0x today. Rising rents (£1,564/mo, +6.6%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Havering area
A home in Havering costs 11.0x the local median salary — very stretched, improving from a peak of 12.9x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Havering area
Average monthly rent in Havering is £1,564, up 6.6% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Havering price of £385,045 with a 25% deposit (£96k), a 2-year fixed mortgage at 3.97% costs around £1,520 per month.
Monthly cost comparison based on current data
Uses RM1 avg. price with Havering rental data
Monthly mortgage payments (£1,520) are £44 less than renting (£1,564). However, buying requires an upfront deposit of £96k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
16, WOODLANDS ROAD RM1 4HD | Terraced | £545,000 | 23 Jan 2026 |
3, GLENTON CLOSE RM1 4AN | Terraced | £390,000 | 20 Jan 2026 |
12, KEW CLOSE RM1 4WJ | Terraced | £396,500 | 16 Jan 2026 |
FLAT 3, HILL COURT, MAIN ROAD RM1 3DA | Flat/Maisonette | £300,000 | 16 Jan 2026 |
57, HAVERING ROAD RM1 4QT | Semi-detached | £455,000 | 16 Jan 2026 |
FLAT 1, NORTH PARK COURT, 1A, PARKSIDE AVENUE RM1 4NF | Flat/Maisonette | £215,000 | 16 Jan 2026 |
255, PETTITS LANE NORTH RM1 4NU | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in RM1 sold for £385,045 in 2026, with a median of £390,000 across 11 transactions. Prices fell 20.0% compared to the previous year.
| £585,000 |
| 15 Jan 2026 |
24, MAXIM TOWER, MERCURY GARDENS RM1 3HE | Flat/Maisonette | £261,500 | 9 Jan 2026 |
16, RICHMOND ROAD RM1 2DX | Semi-detached | £340,000 | 9 Jan 2026 |
FLAT 8, RUSHDON COURT, RUSHDON CLOSE RM1 2RN | Flat/Maisonette | £197,500 | 7 Jan 2026 |
184, PARKSIDE AVENUE RM1 4NP | Semi-detached | £550,000 | 5 Jan 2026 |
4, PETTITS LANE RM1 4HL | Detached | £1,000,000 | 23 Dec 2025 |
FLAT 21, QUEENS MOAT HOUSE 22, ST EDWARDS WAY RM1 4DD | Flat/Maisonette | £250,000 | 19 Dec 2025 |
47, PRIESTS AVENUE RM1 4RJ | Semi-detached | £565,000 | 19 Dec 2025 |
38, MORAY WAY RM1 4YD | Semi-detached | £554,000 | 18 Dec 2025 |
26, ROSEDALE ROAD RM1 4QS | Terraced | £465,000 | 17 Dec 2025 |
38, THURLOE GARDENS RM1 2BS | Terraced | £450,000 | 17 Dec 2025 |
155, PARKSIDE AVENUE RM1 4NL | Semi-detached | £595,000 | 17 Dec 2025 |
FLAT 3, CENTREVIEW COURT, 46 - 48, VICTORIA ROAD RM1 2JH | Flat/Maisonette | £220,000 | 17 Dec 2025 |
5, GILBERT ROAD RM1 3BX | Semi-detached | £540,000 | 16 Dec 2025 |
The most recent recorded sale in RM1 was a terraced property on Woodlands Road for £545,000 in January 2026. Across the last 20 sales, the median price was £455,000.