RM5 2QT is a residential postcode located on Lynwood Drive, Romford, RM5. It is the 301st largest postcode in the RM5 area.
It contains 23 houses and 12 unknown and the most common type of property is a early-century house built between 1912 and 1935.
The average house value is £409,737. Sales values have decreased in the last 12 months by 1.9% and Rental values have increased by 5.1%.
Property sale values range from £381,723 for a freehold house, with 3 bedrooms split across 728 square feet of gross internal area and has a garden to £548,203 for a freehold house, with 4 bedrooms split across 1,507 square feet of gross internal area and has a garden.
Average £/ft2 for properties in RM5 2QT is £488/ft2.
Properties achieve a rental yield of between 5.2% and 5.7%, and rental values range from £1,829 to £2,378 per month.
The last sale was 14 Jun 2024 for £533,000 and since then the market in the area has decreased by -0.4%. The postcode has had a total of 4 sales since 1995.
RM5 2QT has seen 4 sales in the last three years and 2 sales in the last twelve months.
RM5 2QT is the 301st largest and the 201st most expensive postcode out of the 374 postcodes in the RM5 area.
RM5 2QT is the 301st largest and the 201st most expensive postcode out of the 374 postcodes in the RM5 area.
RM5 2QT is a residential postcode located on Lynwood Drive, Romford, RM5 with 23 houses and 12 unknown within its bounds.
The most common property type in RM5 2QT is a early-century house built between 1912 and 1935.
The homes with certificates are generally early-century in style with the most common Energy Performance Certificate (EPC) rating being No EPC.
The closest station to RM5 2QT is Romford station which is 3.5 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 RM5 2QT, 44.3% of property is privately owned outright and 42.6% 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 RM5 2QT, 18.2% of residents are recorded as possessing school level qualifications and 22.9% 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 RM5 2QT, the average age was 39.2 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 RM5 2QT, 1.2% 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 RM5 2QT, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.