Market outlook for RM5
Key indicators for buyers
The RM5 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
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 £429,000 with a 25% deposit (£107k), a 2-year fixed mortgage at 3.97% costs around £1,693 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses RM5 avg. price with Havering rental data
Monthly mortgage payments (£1,693) are £129 more than renting (£1,564). However, buying requires an upfront deposit of £107k — it would take around 10 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 |
76, HIGHFIELD ROAD RM5 3SA | Semi-detached | £460,000 | 20 Jan 2026 |
127, HILLRISE ROAD RM5 3BN | Terraced | £340,000 | 19 Jan 2026 |
84, LODGE LANE RM5 2EJ | Semi-detached | £430,000 | 15 Jan 2026 |
21, PATMORE WAY RM5 2HE | Terraced | £381,000 | 12 Jan 2026 |
100, CLOCKHOUSE LANE RM5 3QT | Semi-detached | £535,000 | 9 Jan 2026 |
21, LARCHWOOD CLOSE, COLLIER ROW RM5 3QX | Semi-detached |
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.