RM1 4LH is a residential postcode located on Park Drive, Romford, RM1. It is the 302nd largest postcode in the RM1 area.
It contains 26 residential addresses consisting of 15 houses, 6 flats and 5 unknown and the most common type of property is a period house built between 1800 and 1911.
The average house value is £557,577. Sales values have decreased in the last 12 months by 1.5% and Rental values have increased by 4.5%.
Property sale values range from £233,886 for a leasehold flat, with 2 bedrooms split across 484 square feet of gross internal area and has no outside space to £1,111,396 for a freehold house, with 5 bedrooms split across 3,531 square feet of gross internal area and has a garden.
Average £/ft2 for properties in RM1 4LH is £468/ft2.
Properties achieve a rental yield of between 4.6% and 5.9%, and rental values range from £1,142 to £4,376 per month.
The last sale was 21 Jul 2023 for £740,000 and since then the market in the area has decreased by -0.8%. The postcode has had a total of 4 sales since 1995.
RM1 4LH has seen 4 sales in the last three years and no sales in the last twelve months.
RM1 4LH is the 302nd largest and the 410th most expensive postcode out of the 473 postcodes in the RM1 area.
RM1 4LH is the 302nd largest and the 410th most expensive postcode out of the 473 postcodes in the RM1 area.
RM1 4LH is a residential postcode located on Park Drive, Romford, RM1 with 15 houses, 6 flats and 5 unknown within its bounds.
The most common property type in RM1 4LH is a period house built between 1800 and 1911.
The homes with certificates are generally period in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to RM1 4LH is Romford station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around RM1 4LH, 45.4% of property is privately owned with a mortgage and 43.7% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around RM1 4LH, 20.4% of residents are recorded as possessing school level qualifications and 42.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around RM1 4LH, the average age was 40.2 and the most common age was 42.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around RM1 4LH, 0.3% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around RM1 4LH, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.