Market outlook for RM20
Key indicators for buyers
The RM20 market is moderately favourable for buyers. Prices have softened (-50.4%), 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
2025averages · 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 £415,535 with a 25% deposit (£104k), a 2-year fixed mortgage at 3.97% costs around £1,640 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses RM20 avg. price with Thurrock rental data
Monthly mortgage payments (£1,640) are £299 more than renting (£1,341). However, buying requires an upfront deposit of £104k — it would take around 13 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 |
|---|---|---|---|
38, DOVESTONE CLOSE, WEST THURROCK RM20 3DG | Terraced | £380,000 | 22 Dec 2025 |
48, MOORE AVENUE RM20 4XW | Semi-detached | £400,000 | 18 Dec 2025 |
SPECTRUM VEHICLE REPAIRS, SANDY LANE, WEST THURROCK RM20 4BH | Other | £1,862,213 | 18 Dec 2025 |
146, BUTTERMERE WAY, WEST THURROCK RM20 3DD | Flat/Maisonette | £236,000 | 12 Dec 2025 |
14, THE CHASE, WEST THURROCK RM20 4BF | Flat/Maisonette | £206,000 | 12 Dec 2025 |
12, CHAPEL CLOSE RM20 3JG | Flat/Maisonette | £88,000 | 3 Dec 2025 |
3, GUMLEY CLOSE RM20 4BQ |
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.