Search

Report shows property prices boom in Romford

PUBLISHED: 12:00 07 February 2017

Semi-detached house prices in Romford are steadily rising according to a property company's report. Photo: Google Maps

Semi-detached house prices in Romford are steadily rising according to a property company's report. Photo: Google Maps

Google Maps

According to a new report from a property group, house prices for three-bed semis have risen by an average of 14 percent across Essex.

House prices in Romford are booming according to a property company's new report. House prices in Romford are booming according to a property company's new report.

The report from Balgores Property Group shows Romford has the highest increase against Basildon, Brentwood, Upminster, Hornchurch and Chelmsford.

During the past 12 months Romford has risen 23 per cent, followed by Basildon up by 19pc, Brentwood with 17pc, Upminster up by 11.5pc, Hornchurch with 9pc and Chelmsford up by 6pc.

Balgores Property Group group director, Martin Gibbon said Crossrail is helping to drive demand, along with an increase in buy-to-let landlords investing in the towns.

“Despite Brexit, house prices have continued to rise in Essex, well ahead of London and the rest of the UK,” he said.

“Romford town centre is already one of London and the South East’s largest retail and shopping hubs, more than holding its own against the likes of Bluewater and Lakeside.

“It also has a thriving nightlife, good transport links and a large catchment area, extending from Central London to Essex as well as the vibrant shopping centre, famous market, good schools and a wide choice of attractive housing from Edwardian, to new build properties.”

Latest Romford News Stories

Police in Hertfordshire are appealing to members of the public in Havering for help in tracking down a wanted man they believe is in the Romford area.

17:30

A musical variety group that spent more than 50 years performing in hospitals and care homes, still meets up to reminisce about the days of musical festivities and fundraising.

These are the Havering roads to miss next week if you don’t want to risk delays.

15:20

Bob Carlton, a well known theatre director and writer has died.

A touching musical comedy centred around the excitement of a royal wedding during 1940s Britain is making its way to the borough.

Young people will be campaigning to earn a role representing the borough as a member of Youth Parliament.

A former Olympic hurdler will be joining Dancing on Ice champion Ray Quinn at the official opening of the Sapphire Ice and Leisure Centre in two weeks time.

PROMOTED CONTENT

Window and conservatory specialist Ken Rhodes talks about the possibilities for brightening up your home for the new year, and with their home improvement finance deals it’s possible for everyone to make some changes

Lisa and Jennie are cousins who grew up in the borough. Their grandmother, ‘Nanny Fish’ was a huge part of their lives, and while she had dementia and increasing needs, she really benefited from having care in her nephew’s loving home. This experience was the inspiration for Lisa and Jennie to set-up their own home care service.

Breaking News

Yesterday, 10:04

A man’s body has been found outside a block of flats this morning.

Read more

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most read news

Show Job Lists

News from your area

Competitions

Having a brand new kitchen is something that lots of people want but can only dream of. Sadly keeping up to date and making our living spaces as nice as they can be is a costly and incredibly stressful business. Even a fresh coat of paint makes all the difference but isn’t easy or quick.

Who wouldn’t love the chance to go on a shopping spree. Imagine being able to walk into a shop and choose whatever your heart desires without having to worry about how much it costs.

Digital Edition

cover

Enjoy the
Romford Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now