Discover Romford’s Most and Least Expensive Streets
Recent data from Property Solvers, utilizing information from HM Land Registry, reveals a significant disparity in property prices within Romford. The average house price in this area stands at £427,083. However, prices can vary widely, with an average of £1,318,000 recorded on the most expensive street and just £111,000 on the least pricey.
Romford’s Most Expensive Streets
The following streets in Romford showcase the highest average house prices:
- Links Avenue (RM2 6NB): £1,318,000
- Broadway (RM2 5NS): £1,313,333
- Parkway (RM2 5NT): £1,156,250
- Parkway (RM2 5PA): £1,150,000
- Reed Pond Walk (RM2 5PB): £1,141,666
- Upper Bedfords View (RM1 4FA): £1,040,625
- Links Avenue (RM2 6ND): £1,015,000
This data highlights the luxurious nature of these neighborhoods, making them some of the priciest areas in Romford.
Romford’s Least Expensive Streets
Conversely, the following streets represent the lower end of Romford’s housing market:
- Fernleigh Court (RM7 7JE): £111,000
- Merritt House, Frazer Close (RM1 2DE): £117,079
- Gibson Court, Regarth Avenue (RM1 1AJ): £126,105
- Loom Grove (RM1 2BL): £128,833
- Admiral Lodges, Western Road (RM1 3LN): £129,783
- Watermans, Junction Road (RM1 3QZ): £147,100
- Leyland Court, Angel Way (RM1 1AF): £152,050
- Vickers House, South Street (RM1 2BP): £157,100
The stark contrast in these values illustrates the affordability challenges some residents face. While many properties are rising in cost, there remains an opportunity for homebuyers looking for budget-friendly options.
Market Trends and Insights
Over the last five years, the average property price in Romford has increased by £58,070, representing a rise of 14.09%. In the past year alone, the average price saw an uptick of £11,606, equating to a 2.53% increase.
Understanding the landscape of Romford’s property market can assist potential buyers in making informed decisions. Whether interested in high-end luxury or affordable living, the diverse range of options ensures there’s something for everyone.
