RM3 7EU is a residential postcode located on Heaton Way, Romford, RM3. It is the 257th largest postcode in the RM3 area.
It contains 12 residential addresses consisting of 2 houses, 6 flats and 4 unknown and the most common type of property is a mid-century flat built between 1936 and 1979.
The average house value is £273,895. Sales values have decreased in the last 12 months by 0.6% and Rental values have increased by 5.4%.
Property sale values range from £249,190 for a leasehold flat, with 2 bedrooms split across 624 square feet of gross internal area and has no outside space to £386,508 for a freehold house, with 3 bedrooms split across 840 square feet of gross internal area and has a garden.
Average £/ft2 for properties in RM3 7EU is £379/ft2.
Properties achieve a rental yield of between 5.7% and 6.5%, and rental values range from £1,355 to £1,834 per month.
The last sale was 30 Sep 2021 for £267,000 and since then the market in the area has increased by 3.7%. The postcode has had a total of 4 sales since 1995.
RM3 7EU has seen 1 sale in the last three years and no sales in the last twelve months.
RM3 7EU is the 257th largest and the 211th most expensive postcode out of the 894 postcodes in the RM3 area.
RM3 7EU is the 257th largest and the 211th most expensive postcode out of the 894 postcodes in the RM3 area.
RM3 7EU is a residential postcode located on Heaton Way, Romford, RM3 with 2 houses, 6 flats and 4 unknown within its bounds.
The most common property type in RM3 7EU is a mid-century flat built between 1936 and 1979.
The homes with certificates are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being C.
The closest station to RM3 7EU is Harold Wood station which is 1.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around RM3 7EU, 48.1% of property is socially rented and 28.7% is privately owned with a mortgage.
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 RM3 7EU, 23.8% of residents are recorded as possessing school level qualifications and 21.9% 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 RM3 7EU, the average age was 37.6 and the most common age was 37.
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 RM3 7EU, 0.6% 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 RM3 7EU, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.