Market outlook for RM15
Key indicators for buyers
The RM15 market is moderately favourable for buyers. Prices have softened (-3.7%), which could present a buying opportunity. Affordability has improved from a peak of 10.4x in 2021 to 8.7x today. Rising rents (£1,341/mo, +6.7%) 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 Thurrock area
A home in Thurrock costs 8.7x the local median salary — stretched, improving from a peak of 10.4x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Thurrock area
Average monthly rent in Thurrock is £1,341, up 6.7% 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 Thurrock price of £336,250 with a 25% deposit (£84k), a 2-year fixed mortgage at 3.97% costs around £1,327 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses RM15 avg. price with Thurrock rental data
Monthly mortgage payments (£1,327) are £14 less than renting (£1,341). However, buying requires an upfront deposit of £84k — it would take around 9 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 |
|---|---|---|---|
6, BENYON PATH RM15 6PE | Flat/Maisonette | £210,000 | 16 Jan 2026 |
68, HALL AVENUE, AVELEY RM15 4LD | Semi-detached | £370,000 | 7 Jan 2026 |
14, ELM ROAD, AVELEY RM15 4SX | Flat/Maisonette | £255,000 | 7 Jan 2026 |
14, ORCHARD ROAD RM15 6HB | Semi-detached | £510,000 | 6 Jan 2026 |
4, MONNOW GREEN, AVELEY RM15 4RR | Terraced | £331,500 | 19 Dec 2025 |
23, NARE ROAD, AVELEY RM15 4RB | Semi-detached | £405,000 | 19 Dec 2025 |
60, ORCHARD ROAD RM15 6HH | Terraced |
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.