Average asking price
£400k
UK avg £340k
Postcode district in Romford, part of the RM postcode area
General / family area · 10.5km from The University of East London
RM7 has a gross rental yield of 5.4%, 20% above the UK average, ranking #10 of 20 RM postcode districts by yield.
Estimate only, for England/Northern Ireland SDLT rates. Assumes an interest-only mortgage and doesn't account for insurance, maintenance, voids, or other running costs. Not financial advice.
| Bedrooms | Avg buy | Avg rent | Yield | Sampled |
|---|---|---|---|---|
| Studio | £130k | £1,542 | — | 1 / 1 |
| 1 | £195k | £1,350 | 8.3% | 31 / 11 |
| 2 | £280k | £1,775 | — | 49 / 4 |
| 3 | £450k | £2,100 | 5.6% | 69 / 12 |
| 4 | £530k | £2,150 | — | 12 / 4 |
| 5+ | £638k | — | — | 4 / 0 |
| District | Avg buy | Avg rent | Yield | |
|---|---|---|---|---|
| RM19 | £200k | £1,400 | 8.4% | Compare |
| RM3 | £375k | £2,050 | 6.6% | Compare |
| RM20 | £295k | £1,600 | 6.5% | Compare |
| RM15 | £330k | £1,725 | 6.3% | Compare |
| RM9 | £375k | £1,850 | 5.9% | Compare |
| RM5 | £450k | £2,200 | 5.9% | Compare |
| RM8 | £375k | £1,825 | 5.8% | Compare |
| RM10 | £375k | £1,800 | 5.8% | Compare |