Housing Market Analysis for MAY STREET, ME2 1LR

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

Overview of Sold House prices

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

Terraced
- The average price is around £145,848 median price is £138,250 Standard Deviation is £68,892 with Total Sold: 52
- The Last 5 Year average price is £257,214 with Total Sold: 7
- The most recent sale happened at this postcode is 10 MAY STREET: £285,000 (Sold on 29 Sep 2023)
- The first recorded sale happened at this postcode is 22 MAY STREET: £43,000 (Sold on 31 Mar 1995)
Semi-Detached
- The average price is around £87,500 median price is £87,500 Standard Deviation is £52,500 with Total Sold: 2
- The most recent sale happened at this postcode is 17 MAY STREET: £140,000 (Sold on 31 Jul 2009)
- The first recorded sale happened at this postcode is 18 MAY STREET: £35,000 (Sold on 27 Sep 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average ME2 1LR 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	£267,500	£3,771	2
2021	£261,500	£3,396	2
2020	£247,500	£3,587	1
2019	£247,500	£3,183	2
2018	£240,000	£3,429	1
2017	£223,875	£3,254	4
2016	£175,000	£2,378	2
2015	£190,000	£2,923	1
2014	£148,500	£1,918	2
2013	£154,000	£2,103	2
2012	£142,833	£1,787	3
2011	£125,500	£1,768	3
2010	£137,500	£1,849	2
2009	£104,000	£1,387	1
2007	£169,667	£2,099	3
2005	£137,333	£1,809	3
2004	£140,333	£1,708	3
2003	£115,548	£1,627	2
2002	£76,500	£1,080	1
2001	£61,125	£805	4
2000	£63,249	£927	4
1999	£44,000	£571	1
1996	£42,498	£564	2
1995	£43,000	£596	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2009	£140,000	£1,440	1
1996	£35,000	£473	1

All the Sales in the MAY STREET, ME2 1LR

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

Address	Sold Date	Price	% Change
10 MAY STREETTerraced, FreeholdArea: 71 Sq.mtrAge: before 1900	29 Sep 2023	£285,000	34.43%
	12 Feb 2016	£212,000	55.31%
	20 Oct 2011	£136,500	-0.36%
	31 Mar 2005	£137,000	114.06%
	25 May 2000	£64,000	113.33%
	27 Sep 1996	£30,000	First Sale
16 MAY STREETTerraced, FreeholdArea: 70.86 Sq.mtrAge: 1900-1929	01 Jun 2023	£250,000	61.29%
	03 Sep 2010	£155,000	102.61%
	25 Mar 2002	£76,500	First Sale
2 MAY STREETTerraced, FreeholdArea: 77 Sq.mtrAge: 1900-1929	10 Sep 2021	£268,000	78.67%
2 MAY STREETTerraced, FreeholdArea: 77 Sq.mtrAge: 1900-1929	29 Jul 2013	£150,000	First Sale
8 MAY STREETTerraced, FreeholdArea: 77 Sq.mtrAge: before 1900	30 Jun 2021	£255,000	96.15%
	25 Feb 2005	£130,000	109.68%
	09 Feb 2001	£62,000	40.91%
	27 Jan 1999	£44,000	First Sale
11 MAY STREETTerraced, FreeholdArea: 69 Sq.mtrAge: before 1900	06 Nov 2020	£247,500	22.52%
	07 Nov 2017	£202,000	132.18%
	17 Oct 2011	£87,000	First Sale
1 MAY STREETTerraced, FreeholdArea: 65 Sq.mtrAge: 1900-1929	11 Nov 2019	£250,000	0.60%
	20 Oct 2017	£248,500	30.79%
	22 Sep 2015	£190,000	216.67%
	22 Dec 2000	£60,000	First Sale
17 MAY STREETTerraced, FreeholdArea: 97.2 Sq.mtrAge: before 1900	24 Jun 2019	£245,000	76.90%
	22 Jun 2012	£138,500	-1.07%
	31 Jul 2009	£140,000	First Sale
9 MAY STREETTerraced, FreeholdArea: 70 Sq.mtrAge: before 1900	13 Dec 2018	£240,000	115.06%
	21 Nov 2003	£111,597	First Sale
18 MAY STREETTerraced, FreeholdArea: 74 Sq.mtrAge: before 1900	30 Jun 2017	£235,000	49.68%
	03 Aug 2007	£157,000	348.57%
	27 Sep 1996	£35,000	First Sale
25 MAY STREETTerraced, FreeholdArea: 68 Sq.mtrAge: 1900-1929	12 Jan 2017	£210,000	55.56%
	05 Oct 2012	£135,000	First Sale
29 MAY STREETTerraced, FreeholdArea: 78 Sq.mtrAge: 1900-1929	29 Mar 2016	£138,000	-14.81%
	21 Sep 2007	£162,000	20.00%
	27 Feb 2004	£135,000	145.48%
	29 Nov 1996	£54,995	First Sale
4 MAY STREETTerraced, FreeholdArea: 81 Sq.mtrAge: 1900-1929	09 May 2014	£125,000	First Sale
15 MAY STREETTerraced, FreeholdArea: 75 Sq.mtrAge: 1900-1929	11 Apr 2014	£172,000	First Sale
20 MAY STREETTerraced, FreeholdArea: 70 Sq.mtrAge: 1900-1929	29 Nov 2013	£158,000	33.90%
	06 Apr 2004	£118,000	First Sale
24 MAY STREETTerraced, FreeholdArea: 79.47 Sq.mtrAge: 1900-1929	10 Aug 2012	£155,000	29.17%
	06 Dec 2010	£120,000	First Sale
22 MAY STREETTerraced, FreeholdArea: 72.14 Sq.mtrAge: 1900-1929	03 Jun 2011	£153,000	121.76%
	26 May 2000	£68,995	60.45%
	31 Mar 1995	£43,000	First Sale
19 MAY STREETTerraced, FreeholdArea: 75 Sq.mtrAge: 1900-1929	04 Sep 2009	£104,000	First Sale
31 MAY STREETTerraced, Freehold	21 Sep 2007	£190,000	13.10%
31 MAY STREETTerraced, Freehold	26 Oct 2004	£168,000	First Sale
6 MAY STREETTerraced, Freehold	13 May 2005	£145,000	93.33%
	11 May 2001	£75,000	87.50%
	16 Mar 2001	£40,000	First Sale
14 MAY STREETTerraced, FreeholdArea: 72 Sq.mtrAge: 1900-1929	21 Nov 2003	£119,500	First Sale
12 MAY STREETTerraced, Freehold	30 Nov 2001	£67,500	First Sale
21 MAY STREETTerraced, Freehold	28 Jul 2000	£60,000	First Sale

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

MAY STREET, ME2 1LR Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £202,643 median price is £195,000 Standard Deviation is £98,047 with Total Sold: 534
- The Last 5 Year average price is £336,017 with Total Sold: 102
- The most recent sale happened at this postcode is , 21 WHITE LEAVES RISE: £410,000 (Sold on 12 Sep 2024)
- The first recorded sale happened at this postcode is , 11 WOODHURST CLOSE: £60,000 (Sold on 01 Feb 1995)
Terraced
- The average price is around £159,866 median price is £155,000 Standard Deviation is £79,934 with Total Sold: 216
- The Last 5 Year average price is £283,636 with Total Sold: 33
- The most recent sale happened at this postcode is , 13 WOOD STREET: £350,000 (Sold on 14 Aug 2024)
- The first recorded sale happened at this postcode is , 22 MAY STREET: £43,000 (Sold on 31 Mar 1995)
Detached
- The average price is around £286,532 median price is £270,000 Standard Deviation is £145,580 with Total Sold: 125
- The Last 5 Year average price is £419,115 with Total Sold: 26
- The most recent sale happened at this postcode is , 14A STANFORD WAY: £400,000 (Sold on 28 Jun 2024)
- The first recorded sale happened at this postcode is , 97 ROCHESTER ROAD: £147,000 (Sold on 16 Aug 1995)
Other
- The average price is around £78,500 median price is £78,500 Standard Deviation is £71,500 with Total Sold: 2
- The most recent sale happened at this postcode is , 8 THE GLEBE: £7,000 (Sold on 25 Oct 2018)
- The first recorded sale happened at this postcode is , 5 ROCHESTER ROAD: £150,000 (Sold on 26 Jun 2014)
Flat
- The average price is around £117,000 median price is £117,000 Standard Deviation is £50,036 with Total Sold: 5
- The most recent sale happened at this postcode is , 68A BUSH ROAD: £200,000 (Sold on 20 Apr 2018)
- The first recorded sale happened at this postcode is , 68A BUSH ROAD: £43,000 (Sold on 13 Jan 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£352,045	£4,302	11
2023	£369,583	£3,932	18
2022	£370,725	£4,267	10
2021	£325,984	£3,775	31
2020	£318,000	£3,596	11
2019	£306,571	£3,649	21
2018	£299,267	£3,291	15
2017	£288,667	£3,650	27
2016	£285,333	£3,178	18
2015	£242,533	£2,946	15
2014	£221,469	£2,891	16
2013	£216,056	£2,330	18
2012	£182,462	£2,180	13
2011	£186,747	£2,288	18
2010	£180,523	£2,185	14
2009	£184,821	£1,981	14
2008	£192,417	£2,025	6
2007	£196,971	£2,111	18
2006	£209,432	£2,067	34
2005	£193,557	£2,349	13
2004	£171,700	£2,033	20
2003	£166,266	£1,947	15
2002	£155,265	£1,644	13
2001	£118,518	£1,190	26
2000	£93,024	£1,118	24
1999	£84,615	£902	32
1998	£78,205	£745	11
1997	£68,000	£778	21
1996	£66,036	£635	14
1995	£63,646	£680	17

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£315,000		2
2023	£305,417	£3,838	6
2022	£289,200	£3,748	5
2021	£277,929	£3,508	7
2020	£295,600	£3,675	5
2019	£253,500	£2,896	8
2018	£240,000	£3,429	1
2017	£220,142	£3,396	7
2016	£225,727	£3,043	11
2015	£200,000	£2,923	5
2014	£177,917	£2,373	6
2013	£174,625	£2,056	4
2012	£151,081	£1,842	8
2011	£154,833	£1,820	6
2010	£146,667	£2,019	3
2009	£163,286	£1,773	7
2008	£146,480	£1,897	5
2007	£185,857	£2,429	14
2006	£177,931	£2,310	16
2005	£137,400	£1,809	5
2004	£151,625	£1,851	12
2003	£135,870	£1,965	7
2002	£102,998	£1,372	6
2001	£80,249	£978	12
2000	£75,642	£1,039	14
1999	£66,276	£819	9
1998	£64,000	£1,088	3
1997	£68,999	£912	7
1996	£49,499	£701	4
1995	£61,091	£897	11

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£400,000		1
2023	£602,500	£5,968	2
2022	£473,500	£3,860	5
2021	£385,450	£3,666	10
2020	£405,000	£3,204	3
2019	£371,000	£3,223	5
2018	£385,000	£3,411	5
2017	£393,000	£3,868	5
2016	£507,600	£2,871	5
2015	£287,800	£2,619	5
2014	£277,999	£3,013	6
2013	£315,190	£2,677	5
2012	£284,333	£4,604	3
2011	£241,875	£2,152	4
2010	£268,333	£2,669	3
2009	£236,667	£2,085	3
2008	£317,167	£1,979	3
2007	£325,665	£2,512	3
2006	£256,683	£1,967	3
2005	£189,500	£1,869	2
2004	£260,998	£1,649	3
2003	£265,141	£1,624	7
2002	£189,332	£1,884	3
2001	£193,300	£1,957	5
2000	£165,200	£1,413	5
1999	£121,333	£1,240	3
1998	£128,375	£730	8
1997	£107,333	£789	6
1996	£71,333	£613	3
1995	£147,000	£448	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2018	£7,000	£77	1
2014	£150,000	£987	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2018	£200,000	£2,326	1
2010	£120,000		1
2004	£105,000	£1,221	1
2002	£117,000	£1,360	1
1995	£43,000	£500	1

House Type in ME2 1LR area

The most common house types in the ME2 1LR postcode area are Terraced (60), Semi-detached (39), and Detached (8).

Total	113
Terraced	60
Semi-detached	39
Detached	8
Flat	4
Shared house	1
commercial building	1
converted 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 (46), and Owned: Owns outright (40).

Owned: Owns with a mortgage or loan	46
Owned: Owns outright	40
Private rented: Private landlord or letting agency	18
Private rented: Other private rented	5
Shared ownership: Shared ownership	3
Social rented: Other social rented	3
Social rented: Rents from council or Local Authority	1
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the ME2 1LR have 2 people in household (33), and 1 person in household (32).

2 people in household	33
1 person in household	32
3 people in household	22
4 people in household	22
5 people in household	4
7 people in household	2
6 people in household	1
0 people in household	0
8 or more people in household	0