Havering

Data from Land Registry, ONS, Bank of England

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Avg. price

£447,868

↑ +2.9% YoY

Affordability

10.96x

↓ price-to-earnings

Avg. rent

£1564/mo

↑ +6.6% YoY

Market outlook for Havering

Key indicators for buyers

Prices stable+2.9% YoYRelatively stable market

Very stretched11.0xImproving from 12.9x in 2022

Rates favourable3.97%2yr fixed, 75% LTV

Market quiet-6% YoYLess competition

Rents rising fast+6.6% YoYWaiting costs more (£1,564/mo)

The Havering market is moderately favourable for buyers. Affordability has improved from a peak of 12.9x in 2022 to 11.0x today. Rising rents (£1,564/mo, +6.6%) mean the cost of waiting is real.

Price trends

Average sale prices · HM Land Registry / UK HPI

£447,868

↑ +2.9% YoY

Affordability ratio

House price ÷ median earnings · ONS data

10.96x

price-to-earnings

A home in Havering costs 11.0x the local median salary — very stretched, improving from a peak of 12.9x in 2022.

Rental trends

Average monthly rent · ONS Private Rental Index

£1564/mo

↑ +6.6% YoY

Average monthly rent in Havering is £1,564, up 6.6% year-on-year. Rents have risen consistently over the past five years.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£1,767

per month at 3.97%

LTV

Term

Deposit (25%)

£112k

Stamp duty

£10k

Based on the average Havering price of £447,868 with a 25% deposit (£112k), a 2-year fixed mortgage at 3.97% costs around £1,767 per month.

Rent vs buy snapshot

Monthly cost comparison based on current data

Renting

£1,564

per month

0% equity built

Buying (mortgage)

£1,767

per month

£203 more than renting

Breakeven

11yr

to recoup deposit

vs renting + investing

Monthly mortgage payments (£1,767) are £203 more than renting (£1,564). However, buying requires an upfront deposit of £112k — it would take around 11 years to recoup that cost compared to renting and investing the difference.

Recent sales

Latest transactions · HM Land Registry Price Paid Data

Address	Type	Price	Date
64, LOWSHOE LANE RM5 2AP	Semi-detached	£565,000	27 Jan 2026
FLAT 24, COBURN HOUSE, 1, FAIRMONT ROAD RM13 8RZ	Flat/Maisonette	£345,000	26 Jan 2026
15, LABURNHAM GARDENS RM14 1HU	Semi-detached	£510,000	26 Jan 2026
3, FIRHAM PARK AVENUE RM3 0SJ	Terraced	£465,000	23 Jan 2026
64, AMERY GARDENS RM2 6RU	Terraced	£520,000	23 Jan 2026
16, WOODLANDS ROAD RM1 4HD	Terraced	£545,000	23 Jan 2026
305, UPMINSTER ROAD NORTH RM13 9JL	Semi-detached

Explore postcodes in Havering

9postcode districts · Click for detailed prices

Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions