Key indicators for buyers
The RM11 market is moderately favourable for buyers. Prices have softened (-4.8%), 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 £515,400 with a 25% deposit (£129k), a 2-year fixed mortgage at 3.97% costs around £2,034 per month.
Monthly cost comparison based on current data
Uses RM11 avg. price with Havering rental data
Monthly mortgage payments (£2,034) are £470 more than renting (£1,564). However, buying requires an upfront deposit of £129k — it would take around 14 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
81, HEDINGHAM ROAD RM11 3QH | Semi-detached | £540,000 | 22 Jan 2026 |
39, WESTMORELAND AVENUE RM11 2EJ | Detached | £995,000 | 19 Jan 2026 |
3, BIRCH CRESCENT RM11 2NN | Terraced | £475,000 | 16 Jan 2026 |
20, WOODHALL CRESCENT RM11 3NN | Semi-detached | £540,000 | 15 Jan 2026 |
114, HAYNES ROAD RM11 2HU | Detached | £675,000 | 12 Jan 2026 |
124, BURNWAY RM11 3SQ | Semi-detached | £587,000 | 12 Jan 2026 |
21, BUTTS GREEN ROAD RM11 2JS | 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 RM11 sold for £515,400 in 2026, with a median of £500,000 across 15 transactions. Prices fell 4.8% compared to the previous year.
| £365,000 |
| 9 Jan 2026 |
10, CREASEY CLOSE RM11 1FE | Flat/Maisonette | £268,500 | 9 Jan 2026 |
123, BURNWAY RM11 3SW | Semi-detached | £500,000 | 9 Jan 2026 |
22, HEDINGHAM ROAD RM11 3QA | Semi-detached | £625,000 | 8 Jan 2026 |
15, MENDIP ROAD RM11 1LL | Terraced | £348,000 | 7 Jan 2026 |
16, ROSSALL CLOSE RM11 1BP | Semi-detached | £425,000 | 7 Jan 2026 |
FLAT 13, WOODGATE COURT, 98, STAFFORD AVENUE RM11 2EX | Flat/Maisonette | £312,500 | 7 Jan 2026 |
38, WESTLAND AVENUE RM11 3RX | Detached | £745,000 | 6 Jan 2026 |
FLAT 7, WATERWELL COURT, 3A, MANOR AVENUE RM11 2EB | Flat/Maisonette | £330,000 | 5 Jan 2026 |
77, SOMERSET GARDENS RM11 3QT | Terraced | £440,000 | 22 Dec 2025 |
77, ARDLEIGH GREEN ROAD RM11 2LE | Semi-detached | £875,000 | 18 Dec 2025 |
5, DUNSTER CRESCENT RM11 3QD | Terraced | £420,000 | 18 Dec 2025 |
FLAT 1, HALE HOUSE, BENJAMIN CLOSE RM11 1DA | Flat/Maisonette | £255,000 | 16 Dec 2025 |
21, GLEBE WAY RM11 3RL | Semi-detached | £685,000 | 15 Dec 2025 |
The most recent recorded sale in RM11 was a semi-detached property on Hedingham Road for £540,000 in January 2026. Across the last 20 sales, the median price was £500,000.