RM3 7LN is a residential postcode located on Castle Close, Romford, RM3. It is the 121st largest postcode in the RM3 area.
It contains 4 houses and 1 unknown and the most common type of property is a modern house built after 1980.
The average house value is £682,868. Sales values have decreased in the last 12 months by 2.7% and Rental values have increased by 3.2%.
Property sale values range from £662,514 for a freehold house, with 5 bedrooms split across 1,808 square feet of gross internal area and has a garden to £899,853 for a freehold house, with 5 bedrooms split across 2,856 square feet of gross internal area and has a garden.
Average £/ft2 for properties in RM3 7LN is £383/ft2.
Properties achieve a rental yield of between 4.8% and 4.8%, and rental values range from £2,668 to £3,624 per month.
The last sale was 25 May 2023 for £700,000 and since then the market in the area has decreased by -2.9%. The postcode has had a total of 4 sales since 1995.
RM3 7LN has seen 1 sale in the last three years and no sales in the last twelve months.
RM3 7LN is the 121st largest and the 885th most expensive postcode out of the 894 postcodes in the RM3 area.
RM3 7LN is the 121st largest and the 885th most expensive postcode out of the 894 postcodes in the RM3 area.
RM3 7LN is a residential postcode located on Castle Close, Romford, RM3 with 4 houses and 1 unknown within its bounds.
The most common property type in RM3 7LN is a modern house built after 1980.
The homes with certificates are generally modern in style with the most common Energy Performance Certificate (EPC) rating being No EPC.
The closest station to RM3 7LN is Harold Wood station which is 2.9 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 7LN, 74.1% of property is privately owned outright and 16.0% 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 7LN, 8.5% of residents are recorded as possessing school level qualifications and 14.1% 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 RM3 7LN, the average age was 38.4 and the most common age was 32.
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 7LN, 0.0% 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 7LN, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.