Key indicators for buyers
The RM12 market is moderately favourable for buyers. Prices have softened (-9.0%), 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 £419,357 with a 25% deposit (£105k), a 2-year fixed mortgage at 3.97% costs around £1,655 per month.
Monthly cost comparison based on current data
Uses RM12 avg. price with Havering rental data
Monthly mortgage payments (£1,655) are £91 more than renting (£1,564). However, buying requires an upfront deposit of £105k — it would take around 10 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
540, SOUTH END ROAD RM12 5UB | Terraced | £460,000 | 23 Jan 2026 |
54, MAYLANDS AVENUE RM12 5BB | Terraced | £460,000 | 22 Jan 2026 |
218, HIGH STREET RM12 6QP | Detached | £300,000 | 16 Jan 2026 |
71, EYHURST AVENUE RM12 4RB | Semi-detached | £565,000 | 15 Jan 2026 |
247, WARREN DRIVE RM12 4PL | Semi-detached | £410,000 | 12 Jan 2026 |
14, ELMS FARM ROAD RM12 5RD | Semi-detached | £555,000 | 9 Jan 2026 |
15, FLORENCE CLOSE RM12 6LD | Flat/Maisonette |
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 RM12 sold for £419,357 in 2026, with a median of £447,500 across 14 transactions. Prices fell 9.0% compared to the previous year.
| £307,500 |
| 9 Jan 2026 |
FLAT 16, MAYBANK LODGE, MAYBANK AVENUE RM12 5SF | Flat/Maisonette | £270,000 | 9 Jan 2026 |
18, BRIAN CLOSE RM12 4SL | Terraced | £350,000 | 9 Jan 2026 |
175A, STATION LANE RM12 6LL | Flat/Maisonette | £435,000 | 9 Jan 2026 |
63, EYHURST AVENUE RM12 4RB | Semi-detached | £506,000 | 9 Jan 2026 |
FLAT 46, ASTRA COURT WEST, ASTRA CLOSE RM12 5NJ | Flat/Maisonette | £235,000 | 8 Jan 2026 |
11, HUNTER DRIVE RM12 5TP | Semi-detached | £517,500 | 6 Jan 2026 |
8, BOXALL WAY RM12 6ER | Terraced | £500,000 | 5 Jan 2026 |
FLAT 3, 70, STATION LANE RM12 6NA | Flat/Maisonette | £400,000 | 19 Dec 2025 |
41, PETWORTH WAY RM12 4LR | Terraced | £430,000 | 19 Dec 2025 |
13, BENNIONS CLOSE RM12 6TR | Terraced | £420,000 | 18 Dec 2025 |
94, GRENFELL AVENUE RM12 4DW | Semi-detached | £505,000 | 18 Dec 2025 |
162, SWANBOURNE DRIVE RM12 6QZ | Semi-detached | £480,000 | 18 Dec 2025 |
8, FLORENCE CLOSE RM12 6LD | Flat/Maisonette | £295,000 | 17 Dec 2025 |
The most recent recorded sale in RM12 was a terraced property on South End Road for £460,000 in January 2026. Across the last 20 sales, the median price was £435,000.