Housing Market Analysis for ACRE CLOSE, ME1 2RE

Are you looking to understand ME1 2RE house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Medway postcode.

For the location information and nearby amenities in the ME1 2RE area, explore the ME1 2RE Area information page.
For comprehensive crime statistics in the ME1 2RE area, explore the ME1 2RE Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME1 2RE postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £180,182 median price is £163,500 Standard Deviation is £78,600 with Total Sold: 11
- The Last 5 Year average price is £291,333 with Total Sold: 3
- The most recent sale happened at this postcode is 4 ACRE CLOSE: £319,000 (Sold on 15 Mar 2023)
- The first recorded sale happened at this postcode is 7 ACRE CLOSE: £65,000 (Sold on 10 May 1996)
Detached
- The average price is around £170,600 median price is £170,000 Standard Deviation is £47,314 with Total Sold: 5
- The most recent sale happened at this postcode is 5 ACRE CLOSE: £250,000 (Sold on 12 Feb 2016)
- The first recorded sale happened at this postcode is 2 ACRE CLOSE: £137,000 (Sold on 16 Aug 2002)
Terraced
- The average price is around £170,000 median price is £170,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 10 ACRE CLOSE: £170,000 (Sold on 07 Sep 2011)
- The first recorded sale happened at this postcode is 10 ACRE CLOSE: £170,000 (Sold on 07 Sep 2011)

Sold Price Trend Over the Years:

Below table and chart gives the average ME1 2RE house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£319,000	£4,370	1
2020	£277,500	£3,680	2
2015	£193,000	£3,712	1
2010	£163,000	£2,850	1
2009	£146,750	£2,421	2
2007	£170,000	£2,329	1
2006	£155,000		1
1997	£68,500		1
1996	£65,000	£1,250	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2016	£250,000	£3,571	1
2012	£111,000	£1,168	1
2006	£185,000	£2,176	1
2003	£170,000	£2,361	1
2002	£137,000	£1,612	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2011	£170,000	£1,789	1

All the Sales in the ACRE CLOSE, ME1 2RE

See the table below for more details on the sold house prices in the ME1 2RE, Medway postcode.

Address	Sold Date	Price	% Change
4 ACRE CLOSESemi-Detached, FreeholdArea: 73 Sq.mtrAge: 1950-1966	15 Mar 2023	£319,000	87.65%
	07 Sep 2007	£170,000	First Sale
6 ACRE CLOSESemi-Detached, FreeholdArea: 83 Sq.mtrAge: 1950-1966	05 Jun 2020	£280,000	First Sale
11 ACRE CLOSESemi-Detached, FreeholdArea: 69 Sq.mtrAge: 1950-1966	10 Jan 2020	£275,000	First Sale
5 ACRE CLOSEDetached, FreeholdArea: 70 Sq.mtrAge: 1976-1982	12 Feb 2016	£250,000	47.06%
5 ACRE CLOSEDetached, FreeholdArea: 70 Sq.mtrAge: 1976-1982	30 Jan 2003	£170,000	First Sale
7 ACRE CLOSESemi-Detached, FreeholdArea: 52 Sq.mtrAge: 1950-1966	13 Feb 2015	£193,000	196.92%
	10 May 1996	£65,000	First Sale
10 ACRE CLOSEDetached, FreeholdArea: 95 Sq.mtrAge: 1950-1966	09 Aug 2012	£111,000	-34.71%
	07 Sep 2011	£170,000	First Sale
3 ACRE CLOSESemi-Detached, FreeholdArea: 57.2 Sq.mtrAge: 1950-1966	09 Jun 2010	£163,000	25.38%
	09 Mar 2009	£130,000	First Sale
12 ACRE CLOSESemi-Detached, FreeholdArea: 63.64 Sq.mtrAge: 1950-1966	04 Sep 2009	£163,500	First Sale
2 ACRE CLOSEDetached, FreeholdArea: 85 Sq.mtrAge: 1950-1966	25 Jul 2006	£185,000	35.04%
2 ACRE CLOSEDetached, FreeholdArea: 85 Sq.mtrAge: 1950-1966	16 Aug 2002	£137,000	First Sale
1 ACRE CLOSESemi-Detached, Freehold	19 May 2006	£155,000	126.28%
1 ACRE CLOSESemi-Detached, Freehold	28 Nov 1997	£68,500	First Sale

Check out the sold house prices near the ME1 2RE postcode. Properties currently for saleProperties currently for rent

ACRE CLOSE, ME1 2RE Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME1 2RE postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the ME1 2RE postcode.

Semi-Detached
- The average price is around £181,080 median price is £163,500 Standard Deviation is £101,650 with Total Sold: 1,043
- The Last 5 Year average price is £327,803 with Total Sold: 155
- The most recent sale happened at this postcode is , 73 FLEET ROAD: £362,500 (Sold on 19 Aug 2024)
- The first recorded sale happened at this postcode is , 6 BLAKER AVENUE: £58,000 (Sold on 18 Jan 1995)
Terraced
- The average price is around £156,767 median price is £148,000 Standard Deviation is £87,246 with Total Sold: 1,364
- The Last 5 Year average price is £282,097 with Total Sold: 193
- The most recent sale happened at this postcode is , 13 LANSDOWNE ROAD: £322,000 (Sold on 08 Aug 2024)
- The first recorded sale happened at this postcode is , 315 DALE STREET: £24,500 (Sold on 06 Jan 1995)
Detached
- The average price is around £260,195 median price is £250,000 Standard Deviation is £129,667 with Total Sold: 409
- The Last 5 Year average price is £449,510 with Total Sold: 46
- The most recent sale happened at this postcode is , 293 WILSON AVENUE: £385,000 (Sold on 13 Jun 2024)
- The first recorded sale happened at this postcode is , 262 CITY WAY: £92,000 (Sold on 06 Jan 1995)
Other
- The average price is around £1,177,924 median price is £302,000 Standard Deviation is £2,535,799 with Total Sold: 17
- The Last 5 Year average price is £1,537,517 with Total Sold: 12
- The most recent sale happened at this postcode is , 110 PATTENS LANE: £255,000 (Sold on 26 Jun 2023)
- The first recorded sale happened at this postcode is , 131 CITY WAY: £425,000 (Sold on 24 Aug 2015)
Flat
- The average price is around £102,418 median price is £104,995 Standard Deviation is £50,590 with Total Sold: 165
- The Last 5 Year average price is £156,405 with Total Sold: 21
- The most recent sale happened at this postcode is FLAT 2, LEA COURT HUNTSMANS CLOSE: £158,000 (Sold on 03 Apr 2023)
- The first recorded sale happened at this postcode is , 4 ARMADA COURT: £24,000 (Sold on 22 Mar 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£324,278	£4,093	9
2023	£362,352	£4,312	27
2022	£354,396	£4,185	24
2021	£319,821	£3,780	42
2020	£307,875	£3,436	24
2019	£302,776	£3,353	29
2018	£307,037	£3,496	27
2017	£287,544	£3,615	23
2016	£258,974	£3,142	35
2015	£233,016	£2,823	43
2014	£216,207	£2,367	29
2013	£204,118	£2,167	34
2012	£180,750	£2,076	28
2011	£185,008	£2,114	30
2010	£187,393	£2,223	28
2009	£162,552	£1,878	19
2008	£195,702	£2,311	20
2007	£199,141	£2,148	47
2006	£184,798	£2,040	48
2005	£176,703	£2,182	31
2004	£173,175	£1,894	54
2003	£141,108	£1,758	37
2002	£124,013	£1,469	36
2001	£110,944	£1,267	59
2000	£96,281	£1,082	40
1999	£81,744	£847	52
1998	£70,482	£767	34
1997	£63,526	£688	53
1996	£59,839	£646	53
1995	£59,729	£706	28

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£271,583	£3,615	12
2023	£304,625	£3,655	24
2022	£334,375	£3,767	32
2021	£294,494	£3,398	42
2020	£253,623	£3,147	35
2019	£248,524	£3,178	48
2018	£258,523	£3,145	37
2017	£247,628	£3,107	39
2016	£241,886	£2,742	47
2015	£199,985	£2,599	47
2014	£195,840	£2,282	47
2013	£156,545	£1,847	44
2012	£167,770	£1,893	30
2011	£162,462	£1,957	39
2010	£165,728	£2,087	33
2009	£161,771	£1,895	35
2008	£169,462	£2,004	29
2007	£174,260	£2,058	61
2006	£160,515	£1,906	71
2005	£162,364	£1,848	47
2004	£144,626	£1,782	60
2003	£132,393	£1,601	53
2002	£103,935	£1,152	62
2001	£85,734	£1,042	72
2000	£71,688	£855	50
1999	£62,148	£719	60
1998	£56,712	£684	63
1997	£52,612	£615	51
1996	£46,546	£526	58
1995	£45,848	£635	36

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£385,000		1
2023	£547,083	£4,373	6
2022	£418,286	£5,137	7
2021	£430,308	£4,103	21
2020	£483,667	£4,975	3
2019	£449,312	£3,304	8
2018	£345,955	£4,252	11
2017	£370,250	£4,006	16
2016	£347,227	£3,945	11
2015	£279,056	£2,817	9
2014	£284,564	£2,855	7
2013	£278,588	£2,600	17
2012	£263,222	£2,607	9
2011	£263,067	£2,585	15
2010	£253,722	£1,867	9
2009	£209,250	£2,450	8
2008	£292,695	£2,013	15
2007	£316,457	£2,043	23
2006	£254,206	£2,444	17
2005	£291,182	£2,030	17
2004	£256,458	£2,125	24
2003	£273,989	£2,137	23
2002	£249,846	£1,729	26
2001	£173,571	£1,604	7
2000	£141,818	£1,463	11
1999	£115,232	£1,118	20
1998	£140,134	£1,314	19
1997	£106,500	£852	19
1996	£106,318	£844	22
1995	£85,437	£604	8

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£255,000		1
2022	£359,500	£2,414	3
2021	£5,358,000		2
2020	£1,570,425	£1,767	4
2019	£59,500	£1,677	2
2018	£275,000	£174	2
2017	£299,750	£2,156	2
2015	£425,000		1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£156,500	£3,642	2
2022	£156,875	£3,387	8
2021	£169,625	£3,582	4
2020	£152,167	£3,158	6
2019	£125,000	£3,378	1
2018	£127,500	£3,606	2
2017	£166,750	£3,664	14
2016	£110,688	£2,788	4
2015	£110,000	£2,452	4
2014	£100,207	£2,320	7
2013	£86,840	£1,967	5
2012	£120,000	£2,400	1
2011	£105,500	£2,453	1
2010	£86,000		1
2009	£102,667	£1,744	3
2008	£121,429	£2,400	7
2007	£165,298	£2,639	5
2006	£110,781	£2,580	16
2005	£102,121	£2,786	12
2004	£103,400	£2,270	5
2003	£97,999	£1,868	11
2002	£68,094	£1,652	10
2001	£52,541	£1,223	6
2000	£46,166	£1,062	6
1999	£43,165	£891	6
1998	£34,800	£799	5
1997	£33,874	£680	4
1996	£19,500	£521	2
1995	£33,856	£911	7

House Type in ME1 2RE area

The most common house types in the ME1 2RE postcode area are Semi-detached (52), Detached (44), and Terraced (21).

Total	132
Semi-detached	52
Detached	44
Terraced	21
Flat	13
commercial building	2
Shared house	0
converted building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (55), and Owned: Owns with a mortgage or loan (40).

Owned: Owns outright	55
Owned: Owns with a mortgage or loan	40
Social rented: Other social rented	17
Private rented: Private landlord or letting agency	15
Social rented: Rents from council or Local Authority	3
Private rented: Other private rented	3
Shared ownership: Shared ownership	1
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the ME1 2RE have 1 person in household (51), and 2 people in household (34).

1 person in household	51
2 people in household	34
4 people in household	19
3 people in household	17
5 people in household	10
6 people in household	1
7 people in household	1
0 people in household	0
8 or more people in household	0