Market outlook for RM13
Key indicators for buyers
The RM13 market presents a mixed picture for buyers. Prices are rising at 8.4%, which may favour acting sooner rather than later. 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
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Havering area
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
Rental data shown for wider Havering area
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
Based on the average Havering price of £447,800 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
Uses RM13 avg. price with Havering rental data
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 |
|---|---|---|---|
FLAT 24, COBURN HOUSE, 1, FAIRMONT ROAD RM13 8RZ | Flat/Maisonette | £345,000 | 26 Jan 2026 |
305, UPMINSTER ROAD NORTH RM13 9JL | Semi-detached | £560,000 | 23 Jan 2026 |
24, GLEBE ROAD RM13 9LH | Terraced | £483,000 | 21 Jan 2026 |
11, BRETONS COTTAGES, RAINHAM ROAD RM13 7LL | Semi-detached | £555,000 | 19 Jan 2026 |
38, SOWREY AVENUE RM13 7NA | Semi-detached | £400,000 | 16 Jan 2026 |
185, UPMINSTER ROAD SOUTH RM13 9AX | Terraced | £408,000 | 15 Jan 2026 |
76, PARSONAGE ROAD RM13 9LF |
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
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.