Key indicators for buyers
The RM7 market presents a mixed picture for buyers. Prices are rising at 19.6%, which may favour acting sooner rather than later. 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 £489,583 with a 25% deposit (£122k), a 2-year fixed mortgage at 3.97% costs around £1,932 per month.
Monthly cost comparison based on current data
Uses RM7 avg. price with Havering rental data
Monthly mortgage payments (£1,932) are £368 more than renting (£1,564). However, buying requires an upfront deposit of £122k — it would take around 13 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
73, VALENTINES WAY RM7 0YD | Terraced | £570,000 | 19 Jan 2026 |
27, DRUMMOND ROAD RM7 7EJ | Semi-detached | £470,000 | 19 Jan 2026 |
167, GREAT CULLINGS, RUSH GREEN RM7 0YR | Terraced | £420,000 | 16 Jan 2026 |
FLAT 15, THE SQUIRES, 243, LONDON ROAD RM7 9JX | Flat/Maisonette | £195,000 | 16 Jan 2026 |
239, GORSEWAY RM7 0SB | Terraced | £438,000 | 16 Jan 2026 |
19, CROWLANDS AVENUE RM7 9JA | Terraced | £535,000 | 14 Jan 2026 |
33, LEONARD AVENUE RM7 0XL | Terraced |
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 RM7 sold for £489,583 in 2026, with a median of £444,000 across 12 transactions. Prices rose 19.6% compared to the previous year.
| £467,000 |
| 9 Jan 2026 |
16B, COMO STREET RM7 7DJ | Terraced | £420,000 | 9 Jan 2026 |
UNIT H, CHESHAM CLOSE RM7 7NA | Other | £1,100,000 | 9 Jan 2026 |
48, BIRKBECK ROAD RM7 0QP | Semi-detached | £450,000 | 9 Jan 2026 |
11, PALM ROAD RM7 7AP | Terraced | £415,000 | 9 Jan 2026 |
157, MARKS ROAD RM7 7AF | Terraced | £395,000 | 5 Jan 2026 |
34, MEDORA ROAD RM7 7EP | Semi-detached | £450,000 | 19 Dec 2025 |
220, CROSS ROAD, MAWNEYS RM7 8HX | Flat/Maisonette | £315,000 | 19 Dec 2025 |
41, MILDMAY ROAD RM7 7DA | Detached | £580,000 | 18 Dec 2025 |
115, LINLEY CRESCENT RM7 8RB | Terraced | £555,000 | 17 Dec 2025 |
216, MARLBOROUGH ROAD RM7 8AS | Detached | £425,000 | 17 Dec 2025 |
62, CROSS ROAD, MAWNEYS RM7 8DX | Detached | £410,000 | 16 Dec 2025 |
104, WILLOW STREET RM7 7LB | Terraced | £450,000 | 16 Dec 2025 |
53, VALENTINES WAY RM7 0YD | Semi-detached | £500,000 | 16 Dec 2025 |
The most recent recorded sale in RM7 was a terraced property on Valentines Way for £570,000 in January 2026. Across the last 20 sales, the median price was £450,000.