marketcodeAsking rent
£1,969 a month 12 months to Jul 2026
216 lets
Postcode district
RM3 rental market
Asking rent £1,969 a month · Gross yield 5.8% · 12 months, listings to Aug 2026
What is RM3?
- Buildings
- 14,243
- Mixed-use buildings
- 76%
- HMO-shaped units
- 30%
What does RM3 earn?
RM3: asking rent £1,969 a month (12 months to Jul 2026, 216 lets).
Gross yield, asking basis
5.8% 12 months to Aug 2026
421 lets
+6.9% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
120 on 21 Sep 2026
How does RM3 vary by home size?
Asking rent in RM3 runs from £1,270 a month for 1 bedroom to £2,504 a month for 4 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £1,270 a month | 12 months to Aug 2026 | +0.5% on the previous 12 months | 98 |
| 2 bedrooms | £1,726 a month | 12 months to Aug 2026 | +2.8% on the previous 12 months | 103 |
| 3 bedrooms | £2,120 a month | 12 months to Aug 2026 | +4.3% on the previous 12 months | 159 |
| 4 bedrooms | £2,504 a month | 12 months to Jul 2026 | — | 54 |
| 5+ bedrooms | Not published | — | — | — |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, over the last 12 observed months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns RM3?
Corporate landlords hold 56% of the 795 units in RM3 whose freeholder is classified; 96% of all units are not yet classified.
- Corporate landlords56% of classified · 445 units
- Housing associations25% of classified · 202 units
- Individuals (not traceable in bulk)18% of classified · 145 units
- RMC0.4% of classified · 3 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does RM3 rank?
RM3 ranks 4th of 9 postcode districts in Havering for asking rent, at £1,969 a month.
Asking rent · postcode districts in Havering
RM3 ranks 4th of 9 postcode districts in Havering for asking rent, at £1,969 a month.
| # | Area | Asking rent | Sample | Tier |
|---|---|---|---|---|
| 1 | RM14 | £2,083 a month | 78 | indicative |
| 2 | RM5 | £2,082 a month | 88 | indicative |
| 3 | RM11 | £2,061 a month | 177 | measured |
| 4 | RM3 | £1,969 a month | 216 | measured |
| 5 | RM13 | £1,873 a month | 185 | measured |
Full table: asking rent across postcode districts in Havering →
Gross yield, asking basis · postcode districts in Havering
RM3 ranks 1st of 9 postcode districts in Havering for gross yield, asking basis, at 5.8%.
| # | Area | Gross yield, asking basis | Sample | Tier |
|---|---|---|---|---|
| 1 | RM3 | 5.8% | 421 | measured |
| 2 | RM5 | 5.5% | 150 | measured |
| 3 | RM13 | 5.0% | 338 | measured |
| 4 | RM7 | 4.9% | 471 | measured |
| 5 | RM1 | 4.5% | 525 | measured |
Full table: gross yield, asking basis across postcode districts in Havering →
Where next from RM3?
- HaveringThe wider market this area sits in.
- RM1Neighbouring postcode district · £5,104/m²
- RM11Neighbouring postcode district · £5,666/m²
- RM12Neighbouring postcode district · £5,319/m²
- RM13Neighbouring postcode district · £4,664/m²
- RM14Neighbouring postcode district · £6,228/m²
- RM2Neighbouring postcode district · £6,236/m²
- RM5Neighbouring postcode district · £4,464/m²
- RM7Neighbouring postcode district · £5,554/m²
- CM14Next door, in another authority · £5,425/m²
- RM4Next door, in another authority · £10,761/m²
- CM13Next door, in another authority · £7,103/m²
Questions about RM3
- What is the average rent in RM3?
- Homes to let in RM3 asked a median £1,969 a month over the 12 months to Jul 2026, 216 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in RM3?
- 5.8% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Aug 2026, 421 lets. +6.9% on the previous 12 months.
Everything else about RM3
- Properties in RM3Every addressable home with its floor area, tenure and last recorded sale.
- Buildings in RM3Footprints, heights and the units inside them.
- Land and plots in RM3Registered parcels with their area, tenure and what stands on them.
- Homes for sale in RM3What is on the market right now, with the evidence beside each asking price.
- Homes to rent in RM3What is available to rent, with the recorded rent and yield beside each asking price.
- Recent house sales in RM3Registered completions from Price Paid, newest first.
- Planning applications in RM3What was proposed, who decided it and whether it was approved.
- Estate agents active in RM3Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 216 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 421 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 21 Sep 2026 | 21 Sep 2026 | — |