AIAI Property Valuation for RM16 — GRAYS
AI Estimate
£381,706
Range: £351,170 – £412,242 (±8%)
1,389 sales (12mo)
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🏠
Detached
£553,146
285 sold (12mo)
🏘️
Semi-Detached
£421,172
420 sold (12mo)
🏡
Terraced
£358,359
402 sold (12mo)
🏢
Flat
£229,270
251 sold (12mo)
Price History — RM16
Price Forecast
Current
£381,706
1-Year
£396,597
-0.6%
3-Year
£392,010
-1.7%
Based on historical trend projection, capped at ±15% per year. This is not financial advice.
Rental Yield
Est. Monthly Rent
£1,420
Gross Yield
4.27%
Net Yield (est.)
3.42%
Region Average
1.61%
Annual rental income estimate: £17,040. Net yield deducts ~20% for management, voids, maintenance and insurance. Regional averages based on ONS Private Rental Market Statistics.
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Investment Score
Overall Score
Out of 10 — weighted composite
Area Intelligence
🛡️
Crime Rate
Below avg
30/1000 (-63.1% vs national)
🎓
Schools
7 Good+
17 total, 1 Outstanding
⚡
EPC Rating
Avg C
Score: 65/100
📶
Broadband
360 Mbps
Average download speed
🏛️
Council Tax
£1,114
Band D — Romford Council
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Tenure
38% Owner
17% private rent
Nearby Postcodes
Frequently Asked Questions
What is the average house price in RM16?
The AI-estimated average house price in RM16 (GRAYS) is £381,706, based on 1389 transactions in the last 12 months. This estimate has high confidence (±8%).
What is the rental yield in RM16?
The estimated gross rental yield in RM16 is 4.27%, based on an average monthly rent of £1,420 and average property price of £398,911. The estimated net yield after costs is 3.42%.
Is RM16 a good area to invest in?
RM16 has an overall investment score of 5.7/10. This considers price growth (5/10), rental yield (3.8/10), safety (8.2/10), schools (4.1/10), and connectivity (10/10).
What are property prices by type in RM16?
Average prices in RM16 by property type: detached (£553,146), semi-detached (£421,172), terraced (£358,359), flats (£229,270). These are based on Land Registry transaction data from the last 12 months.
How accurate are AI property estimates for RM16?
Our AI estimates for RM16 are based on Land Registry transaction data, local market trends, and area characteristics. With 1389 recent sales, the estimate has high confidence. For a precise valuation, we recommend getting a professional survey.
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Disclaimer: AI estimates are based on Land Registry transaction data and statistical modelling. They are not professional valuations. Rental yield estimates use ONS regional rental data and may differ from actual local rents. Past performance does not predict future house prices. For a precise valuation, consult a qualified surveyor.