Housing Market Analysis for CITY WAY, ME1 2TW

Are you looking to understand ME1 2TW 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 2TW area, explore the ME1 2TW Area information page.
For comprehensive crime statistics in the ME1 2TW area, explore the ME1 2TW Crime Rates page.

Overview of Sold House prices

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

Terraced
- The average price is around £435,000 median price is £435,000 Standard Deviation is £0 with Total Sold: 1
- The Last 5 Year average price is £435,000 with Total Sold: 1
- The most recent sale happened at this postcode is 562 CITY WAY: £435,000 (Sold on 24 Aug 2023)
- The first recorded sale happened at this postcode is 562 CITY WAY: £435,000 (Sold on 24 Aug 2023)
Detached
- The average price is around £291,500 median price is £295,000 Standard Deviation is £139,102 with Total Sold: 23
- The Last 5 Year average price is £605,000 with Total Sold: 2
- The most recent sale happened at this postcode is 504 CITY WAY: £545,000 (Sold on 25 Jun 2021)
- The first recorded sale happened at this postcode is 510 CITY WAY: £134,000 (Sold on 17 Sep 1996)
Semi-Detached
- The average price is around £217,450 median price is £213,000 Standard Deviation is £117,304 with Total Sold: 10
- The Last 5 Year average price is £400,000 with Total Sold: 2
- The most recent sale happened at this postcode is 556 CITY WAY: £345,000 (Sold on 21 Jun 2019)
- The first recorded sale happened at this postcode is 586 CITY WAY: £100,000 (Sold on 28 Feb 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average ME1 2TW 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: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£435,000	£3,783	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£545,000	£4,619	1
2020	£665,000	£3,050	1
2017	£450,000	£4,054	1
2016	£356,250	£4,107	2
2015	£352,500	£2,563	2
2013	£335,000	£3,105	2
2010	£247,000	£3,900	1
2007	£230,000	£1,055	1
2006	£279,250	£2,476	4
2005	£338,000	£2,397	1
2004	£270,000		1
2001	£185,000	£1,312	1
1999	£140,000		2
1997	£45,000		1
1996	£122,500	£941	2

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£400,000	£3,716	2
2011	£250,000	£2,196	1
2009	£240,000		1
2008	£300,000		1
2002	£186,000		1
1999	£100,000	£1,282	1
1997	£99,500	£1,134	3

All the Sales in the CITY WAY, ME1 2TW

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

Address	Sold Date	Price	% Change
562 CITY WAYTerraced, FreeholdArea: 115 Sq.mtrAge: 1930-1949	24 Aug 2023	£435,000	First Sale
504 CITY WAYDetached, FreeholdArea: 118 Sq.mtrAge: 1950-1966	25 Jun 2021	£545,000	70.31%
	07 Aug 2013	£320,000	188.29%
	28 Oct 1996	£111,000	First Sale
490C CITY WAYDetached, FreeholdArea: 218 Sq.mtrAge: INVALID!	30 Sep 2020	£665,000	189.13%
	09 Nov 2007	£230,000	First Sale
556 CITY WAYSemi-Detached, FreeholdArea: 89 Sq.mtrAge: 1930-1949	21 Jun 2019	£345,000	First Sale
554 CITY WAYSemi-Detached, FreeholdArea: 128 Sq.mtrAge: 1930-1949	10 May 2019	£455,000	First Sale
534 CITY WAYDetached, FreeholdArea: 111 Sq.mtrAge: 1950-1966	17 Jan 2017	£450,000	First Sale
578 CITY WAYDetached, FreeholdArea: 73 Sq.mtrAge: 1930-1949	05 Apr 2016	£295,000	First Sale
490B CITY WAYDetached, FreeholdArea: 100.03 Sq.mtrAge: 2007 onwards	31 Mar 2016	£417,500	19.29%
	06 Sep 2013	£350,000	First Sale
520 CITY WAYDetached, FreeholdArea: 134 Sq.mtrAge: 1950-1966	25 Sep 2015	£340,000	15.25%
	01 Aug 2006	£295,000	First Sale
502 CITY WAYDetached, FreeholdArea: 141 Sq.mtrAge: 1976-1982	26 Mar 2015	£365,000	7.99%
	27 May 2005	£338,000	82.70%
	27 Jul 2001	£185,000	First Sale
558 CITY WAYSemi-Detached, FreeholdArea: 113.85 Sq.mtrAge: 1930-1949	27 Oct 2011	£250,000	First Sale
576 CITY WAYDetached, FreeholdArea: 63.33 Sq.mtrAge: 1930-1949	20 Aug 2010	£247,000	First Sale
588 CITY WAYSemi-Detached, Freehold	12 Jun 2009	£240,000	-20.00%
	16 Jan 2008	£300,000	61.29%
	02 May 2002	£186,000	86.00%
	13 Jun 1997	£100,000	First Sale
506 CITY WAYDetached, Freehold	13 Dec 2006	£250,000	First Sale
492 CITY WAYDetached, FreeholdArea: 108 Sq.mtrAge: 1950-1966	01 Sep 2006	£297,000	First Sale
536 CITY WAYDetached, Freehold	09 Jun 2006	£275,000	First Sale
514 CITY WAYDetached, Freehold	15 Oct 2004	£270,000	First Sale
546 CITY WAYDetached, Freehold	08 Sep 1999	£175,000	First Sale
542 CITY WAYSemi-Detached, FreeholdArea: 78 Sq.mtrAge: 1950-1966	09 Jul 1999	£100,000	First Sale
540 CITY WAYDetached, Freehold	23 Apr 1999	£105,000	First Sale
580 CITY WAYDetached, Freehold	05 Sep 1997	£45,000	First Sale
550 CITY WAYSemi-Detached, FreeholdArea: 142 Sq.mtrAge: 1900-1929	16 May 1997	£98,500	First Sale
586 CITY WAYSemi-Detached, FreeholdArea: 63.52 Sq.mtrAge: 1991-1995	28 Feb 1997	£100,000	First Sale
510 CITY WAYDetached, Freehold	17 Sep 1996	£134,000	First Sale

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

CITY WAY, ME1 2TW Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME1 2TW 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 2TW postcode.

Semi-Detached
- The average price is around £219,546 median price is £200,000 Standard Deviation is £118,717 with Total Sold: 362
- The Last 5 Year average price is £367,267 with Total Sold: 58
- The most recent sale happened at this postcode is , 59 THE RIDGEWAY: £550,000 (Sold on 13 Sep 2024)
- The first recorded sale happened at this postcode is , 266 WILSON AVENUE: £77,000 (Sold on 26 Jan 1995)
Flat
- The average price is around £183,117 median price is £202,000 Standard Deviation is £66,681 with Total Sold: 227
- The Last 5 Year average price is £196,747 with Total Sold: 73
- The most recent sale happened at this postcode is 8, COCKPIT HOUSE PILOTS VIEW: £233,000 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 63 ARETHUSA ROAD: £30,000 (Sold on 21 Nov 1995)
Terraced
- The average price is around £189,500 median price is £172,500 Standard Deviation is £101,893 with Total Sold: 613
- The Last 5 Year average price is £288,416 with Total Sold: 105
- The most recent sale happened at this postcode is , 111 ARETHUSA ROAD: £214,661 (Sold on 23 Jul 2024)
- The first recorded sale happened at this postcode is , 18 GRAFTON AVENUE: £56,000 (Sold on 26 Jan 1995)
Detached
- The average price is around £312,792 median price is £299,995 Standard Deviation is £155,429 with Total Sold: 555
- The Last 5 Year average price is £508,829 with Total Sold: 98
- The most recent sale happened at this postcode is , 192 WILSON AVENUE: £498,000 (Sold on 26 Apr 2024)
- The first recorded sale happened at this postcode is , 39A WALLACE ROAD: £96,000 (Sold on 03 Jan 1995)
Other
- The average price is around £228,389 median price is £94,546 Standard Deviation is £420,318 with Total Sold: 22
- The Last 5 Year average price is £122,617 with Total Sold: 11
- The most recent sale happened at this postcode is , 17 ARGYLE CLOSE: £410,000 (Sold on 01 Mar 2024)
- The first recorded sale happened at this postcode is , FORT HORSTED BUSINESS CENTRE PRIMROSE CLOSE: £682,750 (Sold on 24 Dec 2014)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£420,000	£4,713	3
2023	£396,731	£4,258	13
2022	£423,250	£4,532	4
2021	£336,792	£3,460	12
2020	£354,800	£3,547	15
2019	£347,955	£3,243	11
2018	£372,075	£3,568	20
2017	£368,500	£3,505	13
2016	£278,167	£3,380	6
2015	£286,188	£2,947	8
2014	£301,056	£2,697	9
2013	£244,000	£2,353	21
2012	£220,003	£2,388	12
2011	£215,910	£2,027	10
2010	£238,060	£2,704	5
2009	£165,077	£1,940	13
2008	£221,464	£2,134	7
2007	£231,719	£2,413	16
2006	£189,830	£2,229	15
2005	£183,800	£1,945	10
2004	£195,034	£1,861	16
2003	£172,085	£1,847	17
2002	£141,813	£1,833	11
2001	£125,199	£1,414	10
2000	£125,792	£1,378	13
1999	£101,062	£1,026	12
1998	£82,210	£828	15
1997	£70,025	£714	20
1996	£68,676	£701	19
1995	£71,167	£574	6

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£213,100	£2,682	5
2023	£218,275	£3,188	10
2022	£219,310	£3,307	21
2021	£193,938	£3,082	20
2020	£201,000	£3,177	5
2019	£135,417	£2,073	12
2018	£222,088	£3,306	37
2017	£217,576	£3,254	59
2016	£176,857	£2,756	7
2015	£114,500	£2,150	4
2014	£98,500	£1,859	6
2013	£141,250	£2,227	6
2012	£78,000	£2,170	1
2011	£71,167	£1,703	3
2010	£87,000	£1,475	1
2009	£92,500		1
2008	£141,500	£2,032	2
2007	£151,500	£2,133	4
2006	£92,333	£1,582	3
2005	£94,238	£2,047	4
2003	£154,498	£1,868	3
2002	£66,982	£1,614	3
2001	£42,500	£837	1
2000	£45,500	£734	1
1999	£32,499	£560	4
1998	£34,000	£541	2
1997	£22,000	£440	1
1995	£30,000		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£306,554		3
2023	£346,464	£3,928	14
2022	£356,800	£3,979	20
2021	£275,200	£3,202	25
2020	£249,444	£3,301	9
2019	£242,721	£2,788	34
2018	£312,045	£3,266	44
2017	£299,473	£3,178	38
2016	£271,641	£2,941	28
2015	£196,416	£2,359	18
2014	£195,639	£2,279	18
2013	£167,692	£1,980	26
2012	£177,143	£1,999	14
2011	£181,385	£1,960	13
2010	£159,386	£1,861	22
2009	£165,559	£1,865	17
2008	£185,464	£1,872	14
2007	£176,625	£1,911	24
2006	£181,487	£2,101	15
2005	£168,500	£1,871	23
2004	£138,613	£1,786	22
2003	£141,940	£1,624	25
2002	£115,872	£1,352	16
2001	£87,072	£972	24
2000	£76,596	£879	20
1999	£73,971	£809	19
1998	£63,791	£720	24
1997	£49,600	£592	10
1996	£47,620	£565	20
1995	£49,721	£698	14

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£444,600	£3,467	5
2023	£561,833	£4,661	15
2022	£512,810	£4,845	21
2021	£488,238	£4,364	24
2020	£477,718	£4,119	16
2019	£534,382	£3,517	17
2018	£438,822	£3,591	14
2017	£412,421	£3,509	19
2016	£409,527	£3,516	20
2015	£357,564	£2,814	31
2014	£337,195	£2,748	33
2013	£330,818	£2,508	37
2012	£300,618	£2,726	17
2011	£269,091	£2,503	11
2010	£274,292	£2,727	12
2009	£233,714	£2,712	14
2008	£323,994	£2,288	11
2007	£343,467	£2,336	15
2006	£303,222	£2,400	27
2005	£300,846	£2,105	13
2004	£269,611	£2,133	22
2003	£243,222	£2,126	18
2002	£244,729	£1,915	17
2001	£176,950	£1,523	20
2000	£186,535	£1,267	14
1999	£137,819	£1,131	27
1998	£128,499	£847	12
1997	£124,942	£1,047	18
1996	£94,144	£726	19
1995	£108,956	£790	16

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£410,000	£4,713	1
2021	£187,250	£3,768	2
2020	£66,333	£1,089	3
2019	£73,058	£978	5
2018	£66,715	£1,037	7
2017	£263,000		2
2016	£2,000,000		1
2014	£682,750		1

House Type in ME1 2TW area

The most common house types in the ME1 2TW postcode area are Detached (76), Semi-detached (41), and Terraced (13).

Total	132
Detached	76
Semi-detached	41
Terraced	13
Shared house	1
commercial building	1
Flat	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 (85), and Owned: Owns with a mortgage or loan (34).

Owned: Owns outright	85
Owned: Owns with a mortgage or loan	34
Private rented: Private landlord or letting agency	7
Private rented: Other private rented	5
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the ME1 2TW have 2 people in household (52), and 1 person in household (29).

2 people in household	52
1 person in household	29
4 people in household	25
3 people in household	18
5 people in household	6
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0