Housing Market Analysis for PENNANT ROAD, ME1 2XS

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

Overview of Sold House prices

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

Semi-Detached
- The average price is around £178,792 median price is £161,000 Standard Deviation is £105,013 with Total Sold: 12
- The Last 5 Year average price is £316,333 with Total Sold: 3
- The most recent sale happened at this postcode is 2 PENNANT ROAD: £365,000 (Sold on 27 Oct 2023)
- The first recorded sale happened at this postcode is 25 PENNANT ROAD: £39,500 (Sold on 18 Aug 1995)
Terraced
- The average price is around £185,972 median price is £161,250 Standard Deviation is £92,700 with Total Sold: 18
- The Last 5 Year average price is £298,000 with Total Sold: 5
- The most recent sale happened at this postcode is 18 PENNANT ROAD: £315,000 (Sold on 30 Nov 2022)
- The first recorded sale happened at this postcode is 31 PENNANT ROAD: £307,000 (Sold on 11 Dec 2023)

Sold Price Trend Over the Years:

Below table and chart gives the average ME1 2XS 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	£365,000		1
2021	£309,000	£3,880	1
2019	£275,000	£3,526	1
2017	£244,000	£3,012	2
2014	£167,000	£1,704	1
2011	£155,000	£1,946	1
2005	£128,000	£1,829	1
2003	£108,000	£1,385	1
2000	£73,000	£924	1
1996	£38,000	£588	1
1995	£39,500		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£304,333	£3,956	3
2021	£270,000	£2,972	1
2018	£246,000	£3,000	1
2017	£245,000	£3,072	1
2015	£255,000	£3,072	1
2013	£130,000	£1,585	1
2012	£145,000	£1,876	1
2010	£157,500	£1,975	1
2008	£165,000	£1,919	1
2004	£100,250	£1,705	2
2003	£132,500	£1,661	1
2002	£92,000	£1,190	1
1998	£42,000		1
1996	£47,000		1
2023	£307,000	£3,838	1

All the Sales in the PENNANT ROAD, ME1 2XS

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

Address	Sold Date	Price	% Change
2 PENNANT ROADSemi-Detached, Freehold	27 Oct 2023	£365,000	First Sale
18 PENNANT ROADTerraced, FreeholdArea: 84 Sq.mtrAge: 1950-1966	30 Nov 2022	£315,000	First Sale
38 PENNANT ROADTerraced, FreeholdArea: 64 Sq.mtrAge: 1950-1966	26 Aug 2022	£255,000	First Sale
35 PENNANT ROADTerraced, FreeholdArea: 83 Sq.mtrAge: 1950-1966	16 Jun 2022	£343,000	34.51%
	10 Dec 2015	£255,000	First Sale
12 PENNANT ROADSemi-Detached, FreeholdArea: 79.64 Sq.mtrAge: 1950-1966	22 Oct 2021	£309,000	99.35%
	02 Sep 2011	£155,000	21.09%
	24 Mar 2005	£128,000	First Sale
33 PENNANT ROADTerraced, FreeholdArea: 90.85 Sq.mtrAge: 1950-1966	30 Apr 2021	£270,000	63.64%
	29 Feb 2008	£165,000	First Sale
11 PENNANT ROADSemi-Detached, FreeholdArea: 78 Sq.mtrAge: 1950-1966	08 Nov 2019	£275,000	154.63%
	12 Sep 2003	£108,000	First Sale
6 PENNANT ROADTerraced, FreeholdArea: 82 Sq.mtrAge: 1950-1966	16 Jul 2018	£246,000	89.23%
	30 Aug 2013	£130,000	First Sale
42 PENNANT ROADTerraced, FreeholdArea: 79.76 Sq.mtrAge: 1950-1966	17 Nov 2017	£245,000	55.56%
	26 Nov 2010	£157,500	15.81%
	30 Apr 2004	£136,000	2.64%
	17 Apr 2003	£132,500	First Sale
34 PENNANT ROADSemi-Detached, FreeholdArea: 98 Sq.mtrAge: 1950-1966	10 Feb 2017	£290,000	73.65%
	03 Dec 2014	£167,000	First Sale
3 PENNANT ROADSemi-Detached, FreeholdArea: 64.6 Sq.mtrAge: 1950-1966	27 Jan 2017	£198,000	421.05%
	29 Feb 1996	£38,000	First Sale
8 PENNANT ROADTerraced, FreeholdArea: 77.3 Sq.mtrAge: 1950-1966	09 Mar 2012	£145,000	57.61%
	27 Sep 2002	£92,000	First Sale
14 PENNANT ROADTerraced, Freehold	26 Aug 2004	£64,500	First Sale
36 PENNANT ROADSemi-Detached, FreeholdArea: 79 Sq.mtrAge: 1950-1966	03 Mar 2000	£73,000	First Sale
24 PENNANT ROADTerraced, Leasehold	19 Oct 1998	£42,000	-10.64%
24 PENNANT ROADTerraced, Leasehold	23 Dec 1996	£47,000	First Sale
25 PENNANT ROADSemi-Detached, Freehold	18 Aug 1995	£39,500	First Sale
31 PENNANT ROADTerraced, FreeholdArea: 80 Sq.mtrAge: 1950-1966	11 Dec 2023	£307,000	First Sale

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

PENNANT ROAD, ME1 2XS Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £175,516 median price is £160,000 Standard Deviation is £95,183 with Total Sold: 507
- The Last 5 Year average price is £299,581 with Total Sold: 94
- The most recent sale happened at this postcode is , 77 THE FAIRWAY: £400,000 (Sold on 08 Aug 2024)
- The first recorded sale happened at this postcode is , 1 KENT CLOSE: £70,000 (Sold on 27 Jan 1995)
Terraced
- The average price is around £151,989 median price is £141,000 Standard Deviation is £79,181 with Total Sold: 609
- The Last 5 Year average price is £264,224 with Total Sold: 109
- 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 , 477 MAIDSTONE ROAD: £49,500 (Sold on 13 Jan 1995)
Detached
- The average price is around £273,405 median price is £250,000 Standard Deviation is £125,558 with Total Sold: 223
- The Last 5 Year average price is £459,412 with Total Sold: 40
- The most recent sale happened at this postcode is , 46 CLOISTERHAM ROAD: £475,000 (Sold on 11 Apr 2024)
- The first recorded sale happened at this postcode is , UPPER DELCE FARM MAIDSTONE ROAD: £99,333 (Sold on 31 Mar 1995)
Flat
- The average price is around £96,138 median price is £92,000 Standard Deviation is £44,626 with Total Sold: 117
- The Last 5 Year average price is £153,903 with Total Sold: 18
- The most recent sale happened at this postcode is FLAT 7, RICHARD HOWE HOUSE PALM DRIVE: £83,250 (Sold on 26 Mar 2024)
- The first recorded sale happened at this postcode is FLAT 4, TADLEY COURT BINNACLE ROAD: £33,000 (Sold on 30 Jun 1995)
Other
- The average price is around £734,448 median price is £380,000 Standard Deviation is £930,326 with Total Sold: 23
- The Last 5 Year average price is £643,110 with Total Sold: 16
- The most recent sale happened at this postcode is , 70A THE FAIRWAY: £67,500 (Sold on 18 Apr 2023)
- The first recorded sale happened at this postcode is , 70A THE FAIRWAY: £105,000 (Sold on 03 Jul 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£335,800		5
2023	£335,100	£4,003	15
2022	£314,045	£4,086	11
2021	£300,549	£3,571	22
2020	£293,916	£3,422	24
2019	£254,971	£3,291	17
2018	£285,029	£3,356	17
2017	£281,300	£3,555	20
2016	£237,156	£3,105	16
2015	£211,622	£2,580	20
2014	£207,850	£2,407	20
2013	£159,769	£2,028	13
2012	£147,145	£1,897	11
2011	£161,257	£1,895	14
2010	£174,500	£2,214	8
2009	£147,111	£2,020	18
2008	£169,318	£2,061	11
2007	£172,636	£2,069	22
2006	£162,476	£1,816	21
2005	£143,131	£1,790	16
2004	£146,500	£1,663	21
2003	£134,000	£1,619	24
2002	£117,193	£1,331	18
2001	£93,834	£1,031	20
2000	£81,320	£905	15
1999	£68,380	£742	13
1998	£61,615	£674	23
1997	£63,059	£606	21
1996	£55,000	£647	15
1995	£53,550	£613	16

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£291,165	£3,678	4
2023	£302,031	£3,724	16
2022	£278,474	£3,711	19
2021	£246,560	£3,014	29
2020	£259,499	£3,107	16
2019	£248,400	£3,151	25
2018	£239,981	£3,075	27
2017	£226,925	£2,860	20
2016	£213,823	£2,673	20
2015	£180,000	£2,344	26
2014	£170,739	£2,146	23
2013	£156,119	£1,865	21
2012	£135,446	£1,807	14
2011	£138,045	£1,826	11
2010	£135,632	£1,822	19
2009	£132,267	£1,623	15
2008	£139,467	£1,762	15
2007	£150,304	£1,969	23
2006	£141,187	£2,017	16
2005	£138,676	£1,823	22
2004	£119,727	£1,693	33
2003	£112,392	£1,454	26
2002	£94,944	£1,276	28
2001	£74,931	£980	35
2000	£68,944	£859	23
1999	£61,108	£764	18
1998	£51,805	£717	18
1997	£44,625	£556	16
1996	£40,338	£549	16
1995	£40,980	£524	15

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£431,250	£3,467	4
2023	£506,667	£4,918	9
2022	£498,125	£5,137	8
2021	£450,857	£4,248	7
2020	£420,500	£4,074	11
2019	£325,000	£4,114	1
2018	£409,375	£3,880	4
2017	£385,278	£3,847	9
2016	£379,071	£3,722	7
2015	£335,417	£3,591	6
2014	£335,500	£2,958	8
2013	£290,143	£2,485	7
2012	£247,875	£2,621	8
2011	£249,286	£2,296	7
2010	£255,786	£2,526	7
2009	£234,399	£2,133	5
2008	£263,300	£2,631	5
2007	£260,444	£2,352	9
2006	£255,550	£2,540	10
2005	£232,600		5
2004	£250,827	£2,371	9
2003	£226,135	£2,300	11
2002	£213,499	£1,967	9
2001	£154,250	£1,437	12
2000	£170,929	£1,346	7
1999	£136,166	£1,498	9
1998	£122,299	£1,139	5
1997	£114,405	£967	11
1996	£96,805	£826	9
1995	£89,158	£783	4

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£115,375	£2,682	2
2023	£103,750	£2,477	2
2022	£186,167	£2,979	6
2021	£153,500	£2,804	5
2019	£149,167	£2,378	3
2018	£172,500	£2,484	2
2017	£149,500	£2,582	4
2016	£137,500	£2,301	6
2015	£101,031	£2,172	8
2014	£98,111	£1,891	9
2013	£91,333	£2,043	3
2012	£76,500	£2,081	2
2011	£71,250	£1,717	4
2010	£87,000	£1,475	1
2009	£88,750	£2,656	2
2008	£131,667	£2,490	3
2007	£100,800	£2,013	5
2006	£88,357	£1,823	7
2005	£92,390	£2,052	5
2004	£96,000	£1,711	2
2003	£81,187	£1,658	8
2002	£66,024	£1,542	8
2001	£51,248	£837	2
2000	£38,500	£721	4
1999	£32,499	£560	4
1998	£31,000	£580	3
1997	£22,000	£440	1
1996	£32,000	£727	1
1995	£31,900	£872	5

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£67,500		1
2021	£1,500		1
2020	£215,500	£1,089	4
2019	£935,876		10
2017	£1,104,514		3
2016	£1,061,333	£4,500	3
2015	£105,000	£1,361	1

House Type in ME1 2XS area

The most common house types in the ME1 2XS postcode area are Terraced (65), Semi-detached (41), and Detached (3).

Total	110
Terraced	65
Semi-detached	41
Detached	3
Flat	1
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (41), and Social rented: Other social rented (23).

Owned: Owns with a mortgage or loan	41
Social rented: Other social rented	23
Owned: Owns outright	22
Private rented: Private landlord or letting agency	14
Social rented: Rents from council or Local Authority	4
Shared ownership: Shared ownership	3
Private rented: Other private rented	2
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the ME1 2XS have 2 people in household (40), and 3 people in household (28).

2 people in household	40
3 people in household	28
1 person in household	20
4 people in household	10
6 people in household	6
5 people in household	5
7 people in household	1
0 people in household	0
8 or more people in household	0