# COBURN HOUSE, 1 FLAT 24 FAIRMONT ROAD, RAINHAM, HAVERING, GREATER LONDON, RM13 8RZ

## Property details

- Slug: `8c66add` (address key hash: `8c66add8b95bfe36f115f8b27c1b8508a6c09476`)
- Postcode: RM13 8RZ
- Transactions on record: 2

- Tenure: Leasehold
- Property type: Flat
- Last sold: £345,000 Jan 2026
- Local average: £249,176 (17 sales)
- Street crime: 242 incidents within 1 mile (Jun 2026)

## Latest sale

- Price: £345,000
- Date: 2026-01-26
- Type: F
- Tenure: L

## Price history

| Event | Date | Price | Type | % change | Today’s value (HPI) | Transaction |
|-------|------|-------|------|--------|---------------------|-------------|
| Sold | 2026-01-26 | £345,000 | Flat | -7.5% | £346,734 (to May 2026) | [View](http://87.117.209.195:8080/house-prices/49e87c32-b9b8-591c-e063-4704a8c00c31) |
| Sold | 2021-03-08 | £373,000 | Flat | — | £402,808 (to May 2026) | [View](http://87.117.209.195:8080/house-prices/d22473f4-d32a-7b40-e053-6c04a8c0a630) |

*Today’s value (HPI): adjusted using published house price index trends for the area and property type; not a valuation of the property today.*

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| COBURN HOUSE, 1 FLAT 24 FAIRMONT ROAD, RAINHAM, HAVERING, GREATER LONDON, RM13 8RZ | £345,000 | 26/01/2026 | Flat |
| COBURN HOUSE, 1 FLAT 24 FAIRMONT ROAD, RAINHAM, HAVERING, GREATER LONDON, RM13 8RZ | £373,000 | 08/03/2021 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| SOMERVILLE HOUSE, 1 FLAT 6 FAIRLANE ROAD, RAINHAM, HAVERING, GREATER LONDON, RM13 8RX | £248,000 | 24/11/2025 | Flat |
| PORTLAND HOUSE, 12 FLAT 52 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £230,000 | 31/10/2023 | Flat |
| PORTLAND HOUSE, 12 FLAT 27 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £265,000 | 27/04/2023 | Flat |
| PORTLAND HOUSE, 12 FLAT 44 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £265,000 | 27/01/2023 | Flat |
| PORTLAND HOUSE, 12 FLAT 58 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £290,000 | 23/12/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 24 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £275,000 | 21/12/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 56 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £300,000 | 19/12/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 55 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £300,000 | 16/12/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 38 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £290,000 | 16/12/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 47 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £292,500 | 14/12/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 51 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £290,000 | 14/12/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 40 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £285,000 | 09/12/2022 | Flat |
| 20 QUEENS GARDENS, RAINHAM, HAVERING, GREATER LONDON, RM13 8EB | £173,000 | 02/12/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 46 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £297,500 | 10/11/2022 | Flat |
| 60 QUEENS GARDENS, RAINHAM, HAVERING, GREATER LONDON, RM13 8EB | £180,000 | 07/11/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 43 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £285,000 | 31/10/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 30 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £290,000 | 14/10/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 59 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £300,000 | 12/10/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 36 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £287,500 | 30/09/2022 | Flat |
| PORTLAND HOUSE, 12 FLAT 54 HALEWOOD WAY, RAINHAM, HAVERING, GREATER LONDON, RM13 8RR | £290,000 | 29/09/2022 | Flat |

**Area average:** £271,675 (20 sales)

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 41.2%
- **10y growth:** 29.4%

## House Price Index (HM Land Registry)

*Official index for Havering; Flats and maisonettes series; as of May 2026.*

- **1y growth (index):** -0.2%
- **5y growth (index):** 7.1%
- **10y growth (index):** 18.2%

## Rental Range

*ONS Price Index of Private Rents (Havering). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,407/mo
- **Realistic:** £1,563/mo
- **Optimistic:** £1,719/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Harlow & Stortford (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 4 Bed Semi-Detached House, Second Avenue, RM10 | £2,495/mo | 4 | 0.37 miles | OpenRent |
| 3 Bed Terraced House, Oval Road North, RM10 | £2,000/mo | 3 | 0.5 miles | OpenRent |
| 2 Bed Terraced House, Beam Avenue, RM10 | £2,300/mo | 2 | 0.53 miles | OpenRent |
| 3 Bed Semi-Detached House, London, RM10 | £2,300/mo | 3 | 0.68 miles | OpenRent |
| Studio Flat, Stanley Road North, RM13 | £997/mo | 1 | 0.68 miles | OpenRent |
| 3 Bed Flat, New Road, RM13 | £2,198/mo | 3 | 0.73 miles | OpenRent |
| 1 Bed Flat, Kerwin House, RM9 | £1,850/mo | 1 | 0.89 miles | OpenRent |
| Studio Flat, Rainham Road South, RM10 | £1,500/mo | 1 | 0.89 miles | OpenRent |
| 2 Bed Flat, Causton Square, RM10 | £1,700/mo | 2 | 0.98 miles | OpenRent |
| 5 Bed Terraced House, Dagenham, RM10 | £6,320/mo | 5 | 0.99 miles | OpenRent |

**Average rent: £2,366/mo (10 listings)**

## 1% Rule

- **Rent ratio:** 0.61% (weak for cashflow)
- **Max investor price (0.8%):** £262,375
- **Target investor price (1%):** £209,900

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £2,099/mo).*

- **Gross yield:** 7.3%
- **Cost-to-rent:** 13.7×
- **Monthly cashflow:** £505/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6.1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Not in Flood Risk Area (no data)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

## Street-level crime

| Category | Count |
|----------|-------|
| Violence and sexual offences | 83 |
| Anti-social behaviour | 53 |
| Vehicle crime | 36 |
| Public order | 23 |
| Other theft | 13 |
| Drugs | 11 |
| Robbery | 6 |
| Burglary | 5 |
| Other crime | 5 |
| Bicycle theft | 3 |
| Shoplifting | 3 |
| Theft from the person | 1 |
| **Total incidents** | **242** |

*Within 1 mile during Jun 2026. Source: data.police.uk (England & Wales).*

## Schools nearby

*Nearest open schools with Ofsted ratings (England). Closed schools are not shown.*

| Name | Type | Distance | Ofsted |
|------|------|----------|--------|
| Beam Primary School | Primary | 0.2 miles | Good — 20 Jun 2011 |
| Newtons Primary School | Primary | 0.3 miles | Good — 19 Feb 2019 |
| The Leys Primary School | Primary | 0.7 miles | Good — 18 Dec 2013 |
| Pathways School | Other | 0.7 miles | Good — 29 Apr 2024 |
| Marsh Green Primary School | Primary | 0.7 miles | Good — 10 Jul 2014 |