House prices in RM13 8 (Rainham)

This article reveals price per square metre data and various charts to help you understand current housing market in 'RM13 8' (Rainham) - statistics were last calculated on 30 August 2024.

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Defining 'RM13 8'

This analysis is limited to properties whose postcode starts with "RM13 8", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Rainham.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Rainham is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 3, Lynbrook Close, Rainham, sold for £430,000 on Jul-2024. Given the internal area of 86 square metres, the price per sqm is £5,000.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 123 sales in Rainham (RM13 8) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Rainham (RM13 8). Of the 123 transactions, half were sold for between £4,210 and £5,340 per square metre. The median, or 'middle', price per square metre in 'RM13 8' is £4,590. Notably, only 25% of properties that sold recently were valued at more than £5,340 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Rainham

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Rainham. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Rainham

Comparison with neighbouring postcode sectors

The table below shows how 'RM13 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
RM13 7 Elm Park	£4,240 sqm	£4,860 sqm	£5,380 sqm
RM13 8 Rainham	£4,210 sqm	£4,590 sqm	£5,340 sqm
RM13 9 Rainham	£4,310 sqm	£4,800 sqm	£5,380 sqm

Will Rainham house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for RM13 8 (Rainham) compared with both the wider area RM13 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Rainham to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Rainham and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Hubert Road, Rainham, RM13 8A	94 sqm	£5,015	22
Betterton Road, Rainham, RM13 8N	90 sqm	£4,966	22
Cherry Tree Lane, Rainham, RM13 8T	82 sqm	£4,621	19
Nelson Road, Rainham, RM13 8A	81 sqm	£4,692	15
Spencer Road, Rainham, RM13 8H	84 sqm	£5,087	14
New Zealand Way, Rainham, RM13 8J	89 sqm	£4,341	14
Frederick Road, Rainham, RM13 8N	87 sqm	£4,838	12
Stanley Road North, Rainham, RM13 8A	98 sqm	£4,987	11

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Maiden Way, Rainham, RM13 8L	112 sqm	£3,686	31
Broadis Way, Rainham, RM13 8J	76 sqm	£1,594	12
Armada Lane, Rainham, RM13 8P	75 sqm	£4,997	10

Maiden Way, Rainham, RM13 8L has seen 31 new build sales in the last 4 years (average price £416,296). These new build homes typically have an internal area of 112 sqm, with an average price of £3,686 sqm. This £sqm average is £-904 below the average for RM13 8. New builds typically command a £ per sqm premium. In the case of Maiden Way the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Rainham is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
3, Lynbrook Close, Rainham	£430,000 Jul-2024	86	5,000
197, Cherry Tree Lane, Rainham	£360,500 Jul-2024	76	4,743
5, Nelson Rd, Rainham	£470,000 Jun-2024	107	4,392

See the entire list of all sales in Rainham (RM13 8) here.