Housing Market Analysis for FORMBY TERRACE, ME2 1AP

Are you looking to understand ME2 1AP 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 ME2 1AP area, explore the ME2 1AP Area information page.
For comprehensive crime statistics in the ME2 1AP area, explore the ME2 1AP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME2 1AP postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £239,125 median price is £249,500 Standard Deviation is £36,594 with Total Sold: 20
    • The Last 5 Year average price is £240,042 with Total Sold: 12
    • The most recent sale happened at this postcode is 10 FORMBY TERRACE: £218,000 (Sold on 20 Dec 2023)
    • The first recorded sale happened at this postcode is 10 FORMBY TERRACE: £218,000 (Sold on 20 Dec 2023)

Sold Price Trend Over the Years:

Below table and chart gives the average ME2 1AP 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
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£245,667 £3,339 6
2022£280,000 £3,733 1
2020£249,000 £2,929 1
2019£219,375 £2,856 4
2018£237,749 £3,113 8

All the Sales in the FORMBY TERRACE, ME2 1AP

See the table below for more details on the sold house prices in the ME2 1AP, Medway postcode.

AddressSold DatePrice% Change
10 FORMBY TERRACETerraced, FreeholdArea: 75 Sq.mtrAge: 1900-192920 Dec 2023£218,0000.0
20 Dec 2023£218,000-10.10%
14 Jun 2019£242,50011.24%
20 Dec 2023£218,000First Sale
3 FORMBY TERRACETerraced, FreeholdArea: 75 Sq.mtrAge: 1900-192927 Oct 2023£260,0000.0
27 Oct 2023£260,00013.04%
19 Feb 2019£230,000First Sale
7 FORMBY TERRACETerraced, FreeholdArea: 76 Sq.mtrAge: 1930-194917 Jul 2023£300,00014.50%
18 Jul 2018£262,000First Sale
2 FORMBY TERRACETerraced, FreeholdArea: 75 Sq.mtrAge: 1900-192928 Oct 2022£280,00021.74%
21 Feb 2019£230,000First Sale
12 FORMBY TERRACETerraced, FreeholdArea: 85 Sq.mtrAge: 1900-192913 Mar 2020£249,00042.29%
28 Jan 2019£175,000First Sale
8 FORMBY TERRACETerraced, FreeholdArea: 75 Sq.mtrAge: 1900-192910 Dec 2018£250,000First Sale
11 FORMBY TERRACETerraced, FreeholdArea: 75 Sq.mtrAge: 1900-192907 Dec 2018£250,000First Sale
1 FORMBY TERRACETerraced, FreeholdArea: 85 Sq.mtrAge: 1900-192922 Nov 2018£150,000First Sale
6 FORMBY TERRACETerraced, FreeholdArea: 78 Sq.mtrAge: 1930-194926 Oct 2018£250,000First Sale
4 FORMBY TERRACETerraced, FreeholdArea: 76 Sq.mtrAge: before 190029 Jun 2018£269,995First Sale
9 FORMBY TERRACETerraced, FreeholdArea: 75 Sq.mtrAge: 1900-192931 May 2018£185,000First Sale
5 FORMBY TERRACETerraced, FreeholdArea: 75 Sq.mtrAge: 1900-192917 Apr 2018£285,000First Sale

Check out the sold house prices near the ME2 1AP postcode. Properties currently for saleProperties currently for rent

FORMBY TERRACE, ME2 1AP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME2 1AP 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 ME2 1AP postcode.

  • Flat
    • The average price is around £194,801 median price is £215,000 Standard Deviation is £55,317 with Total Sold: 117
    • The Last 5 Year average price is £200,926 with Total Sold: 53
    • The most recent sale happened at this postcode is 1, MINERAL HOUSE LIMEBURNERS DRIVE: £217,500 (Sold on 16 Aug 2024)
    • The first recorded sale happened at this postcode is , 62 ESSEX ROAD: £32,000 (Sold on 15 Mar 1995)
  • Detached
    • The average price is around £395,742 median price is £401,995 Standard Deviation is £129,251 with Total Sold: 206
    • The Last 5 Year average price is £495,885 with Total Sold: 39
    • The most recent sale happened at this postcode is , 45 THE TIMBERS: £510,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , 65 ESSEX ROAD: £33,000 (Sold on 02 Apr 1998)
  • Terraced
    • The average price is around £180,024 median price is £165,000 Standard Deviation is £93,983 with Total Sold: 293
    • The Last 5 Year average price is £261,986 with Total Sold: 52
    • The most recent sale happened at this postcode is , 68 ESSEX ROAD: £147,500 (Sold on 24 May 2024)
    • The first recorded sale happened at this postcode is , 8 STAKE LANE: £32,000 (Sold on 27 Jan 1995)
  • Semi-Detached
    • The average price is around £262,786 median price is £279,498 Standard Deviation is £117,090 with Total Sold: 166
    • The Last 5 Year average price is £356,239 with Total Sold: 44
    • The most recent sale happened at this postcode is , 2 LIMEBURNERS DRIVE: £400,000 (Sold on 12 Feb 2024)
    • The first recorded sale happened at this postcode is , 94 ESSEX ROAD: £34,000 (Sold on 06 Jan 1995)
  • Other
    • The average price is around £208,252 median price is £127,500 Standard Deviation is £180,226 with Total Sold: 7
    • The Last 5 Year average price is £48,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 3, MINERAL HOUSE LIMEBURNERS DRIVE: £75,000 (Sold on 12 Aug 2021)
    • The first recorded sale happened at this postcode is FLAT 1, 9 ESSEX ROAD: £450,000 (Sold on 08 Mar 2016)

Sold Price Trend Over the Years:

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£198,7502
2023£240,312 £3,535 8
2022£212,075 £2,936 10
2021£173,920 £2,541 14
2020£152,071 £2,608 7
2019£225,746 £3,203 12
2018£217,200 £3,154 16
2017£236,038 £3,341 14
2016£210,000 £3,099 2
2015£192,912 £2,774 12
2014£174,496 £2,383 10
2013£111,000 £1,799 2
2012£124,000 £1,993 3
2006£93,000 £1,843 2
1999£35,500 £529 2
1995£32,0001
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£431,6673
2023£443,000 £4,402 5
2022£701,000 £5,582 5
2021£477,900 £4,036 15
2020£527,250 £4,145 6
2019£398,500 £3,710 5
2018£431,749 £3,923 8
2017£400,953 £3,987 23
2016£420,571 £3,541 53
2015£384,563 £3,266 37
2014£344,230 £3,022 32
2012£201,000 £2,675 2
2009£147,500 £2,132 1
2005£152,000 £1,708 1
2004£213,750 £2,049 2
2003£248,000 £887 1
2002£120,000 £882 1
2000£90,750 £804 2
1999£87,150 £790 3
1998£33,000 £589 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£218,500 £3,279 5
2023£286,333 £4,007 12
2022£271,278 £3,665 9
2021£275,200 £3,483 5
2020£257,667 £3,577 12
2019£242,806 £2,862 9
2018£248,705 £3,245 17
2017£301,625 £3,311 24
2016£264,665 £3,015 12
2015£225,674 £2,894 17
2014£223,872 £2,493 16
2013£157,400 £2,182 5
2012£138,800 £2,012 5
2011£148,500 £2,020 8
2010£152,750 £1,748 2
2009£141,250 £1,807 4
2008£141,586 £2,121 7
2007£164,317 £2,101 16
2006£140,695 £2,108 10
2005£148,687 £2,023 8
2004£118,768 £1,657 11
2003£119,000 £1,549 11
2002£105,168 £1,491 12
2001£80,611 £970 13
2000£72,999 £970 10
1999£65,832 £826 6
1998£51,538 £656 13
1997£38,375 £553 4
1995£43,250 £586 10
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£385,000 £4,157 2
2023£410,583 £4,572 6
2022£414,222 £4,628 9
2021£344,969 £3,871 16
2020£275,055 £3,323 9
2019£359,000 £3,787 2
2018£359,996 £4,053 4
2017£353,616 £3,884 29
2016£350,000 £3,501 2
2015£277,210 £3,196 14
2014£275,359 £2,989 22
2012£184,000 £2,492 2
2009£145,998 £1,638 3
2008£167,500 £1,667 3
2007£191,667 £2,386 3
2006£213,750 £2,293 2
2004£112,000 £1,502 4
2003£167,750 £1,977 4
2002£106,901 £1,315 5
2001£91,199 £1,423 5
2000£86,850 £1,090 4
1999£68,000 £692 2
1998£59,235 £820 4
1997£53,583 £586 6
1996£39,0001
1995£37,667 £458 3
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£75,000 £1,027 1
2019£22,0001
2018£135,833 £1,527 3
2017£503,265 £5,921 1
2016£450,0001

House Type in ME2 1AP area

The most common house types in the ME2 1AP postcode area are Terraced (70), Semi-detached (33), and Detached (15).

Total127
Terraced70
Semi-detached33
Detached15
Flat5
converted building3
Shared house1
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (54), and Owned: Owns outright (38).

Owned: Owns with a mortgage or loan54
Owned: Owns outright38
Private rented: Private landlord or letting agency21
Social rented: Other social rented9
Social rented: Rents from council or Local Authority3
Shared ownership: Shared ownership1
Private rented: Other private rented1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the ME2 1AP have 2 people in household (40), and 1 person in household (39).

2 people in household40
1 person in household39
3 people in household25
4 people in household17
5 people in household5
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0