gemhome
OFFICIAL DATAHAVERING

RM1 house prices & rental yield

Homes in RM1 sell for a median of £455,000 across 379 sales over two years (HM Land Registry), which is +1% against the Havering median of £450,000. Set against the local average rent of £1,564 a month (ONS), that implies a 4.1% gross yield here versus 4.2% for Havering as a whole.

Check a buy-to-letHavering yieldsHavering rentsAll postcodes
Implied gross yield
4.1%
Median sold
£455,000
vs Havering
+1%
Sales, 2 yrs
379

Rents are published per district, not per postcode, so the yield above applies the Havering average rent to RM1 prices. It's the right way to compare postcodes on entry price, but rents do vary street by street, and gross yield ignores costs, voids and mortgage interest.

What renters pay across Havering
All sizes
£1,564
1-bed
£1,216
2-bed
£1,541
3-bed
£1,845
4+ bed
£2,494
Office for National Statistics averages for Havering, what tenants actually pay rather than asking rents.
Cheaper entry points near RM1
RM3554 sales4.6% yield£410,000RM13424 sales4.4% yield£423,000RM7423 sales4.4% yield£425,000RM5273 sales4.2% yield£442,500RM12609 sales4% yield£465,000RM11546 sales3.8% yield£500,000RM2261 sales3.6% yield£522,500RM14454 sales3.2% yield£578,000
Averages don't buy houses

RM1 averages tell you where to look, not whether one particular flat stacks up. Paste a listing and gemhome runs the actual numbers: yield, cash flow, the lender stress test, EPC work and what the public records say about that specific address.

Check a buy-to-let