Housing Market Analysis for MERRALS WOOD ROAD, ME2 2PR

Are you looking to understand ME2 2PR 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 2PR area, explore the ME2 2PR Area information page.
For comprehensive crime statistics in the ME2 2PR area, explore the ME2 2PR Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME2 2PR postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £145,791 median price is £125,000 Standard Deviation is £87,766 with Total Sold: 27
- The Last 5 Year average price is £285,000 with Total Sold: 6
- The most recent sale happened at this postcode is 37 MERRALS WOOD ROAD: £440,000 (Sold on 12 Jan 2023)
- The first recorded sale happened at this postcode is 35 MERRALS WOOD ROAD: £62,000 (Sold on 26 Sep 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average ME2 2PR 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	£440,000	£4,490	1
2021	£256,667	£4,514	3
2020	£250,000	£3,706	2
2014	£148,500	£2,092	1
2009	£126,000	£2,073	3
2008	£159,995		1
2007	£167,000	£1,704	1
2006	£159,995		1
2005	£134,000		1
2003	£126,333		3
2001	£76,417	£1,073	6
2000	£54,363		1
1998	£62,500		2
1997	£62,000		1

All the Sales in the MERRALS WOOD ROAD, ME2 2PR

See the table below for more details on the sold house prices in the ME2 2PR, Medway postcode.

Address	Sold Date	Price	% Change
37 MERRALS WOOD ROADSemi-Detached, FreeholdArea: 98 Sq.mtrAge: 1976-1982	12 Jan 2023	£440,000	218.84%
	30 Sep 2009	£138,000	-17.37%
	27 Sep 2007	£167,000	102.42%
	31 May 2001	£82,500	First Sale
45 MERRALS WOOD ROADSemi-Detached, FreeholdArea: 71 Sq.mtrAge: 1950-1966	01 Nov 2021	£255,000	First Sale
59 MERRALS WOOD ROADSemi-Detached, FreeholdArea: 71 Sq.mtrAge: 1976-1982	24 Sep 2021	£270,000	81.82%
	26 Sep 2014	£148,500	115.22%
	26 Mar 2001	£69,000	First Sale
43 MERRALS WOOD ROADSemi-Detached, FreeholdArea: 39.86 Sq.mtrAge: 1967-1975	05 Feb 2021	£245,000	113.04%
	26 Mar 2009	£115,000	First Sale
33 MERRALS WOOD ROADSemi-Detached, FreeholdArea: 52 Sq.mtrAge: 1967-1975	29 Apr 2020	£240,000	First Sale
63 MERRALS WOOD ROADSemi-Detached, FreeholdArea: 93 Sq.mtrAge: 1967-1975	30 Mar 2020	£260,000	First Sale
47 MERRALS WOOD ROADSemi-Detached, FreeholdArea: 64.91 Sq.mtrAge: 1950-1966	29 Jan 2009	£125,000	First Sale
61 MERRALS WOOD ROADSemi-Detached, Freehold	25 Mar 2008	£159,995	19.40%
	03 Oct 2005	£134,000	74.03%
	25 May 2001	£77,000	First Sale
29 MERRALS WOOD ROADSemi-Detached, Freehold	27 Jul 2006	£159,995	33.33%
29 MERRALS WOOD ROADSemi-Detached, Freehold	04 Aug 2003	£120,000	First Sale
39 MERRALS WOOD ROADSemi-Detached, Freehold	07 Oct 2003	£124,000	42.53%
	27 Apr 2001	£87,000	60.04%
	04 Oct 2000	£54,363	-6.27%
	31 Mar 1998	£58,000	First Sale
31 MERRALS WOOD ROADSemi-Detached, Freehold	01 Aug 2003	£135,000	First Sale
55 MERRALS WOOD ROADSemi-Detached, FreeholdArea: 57.69 Sq.mtrAge: 1967-1975	03 Jul 2001	£81,000	30.65%
	04 May 2001	£62,000	First Sale
51 MERRALS WOOD ROADSemi-Detached, Freehold	12 May 1998	£67,000	First Sale
35 MERRALS WOOD ROADSemi-Detached, Freehold	26 Sep 1997	£62,000	First Sale

Check out the sold house prices near the ME2 2PR postcode. Properties currently for saleProperties currently for rent

MERRALS WOOD ROAD, ME2 2PR Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME2 2PR 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 2PR postcode.

Semi-Detached
- The average price is around £150,382 median price is £140,000 Standard Deviation is £82,750 with Total Sold: 721
- The Last 5 Year average price is £276,829 with Total Sold: 120
- The most recent sale happened at this postcode is , 16 LILAC CRESCENT: £325,000 (Sold on 05 Aug 2024)
- The first recorded sale happened at this postcode is , 44 RANSCOMBE CLOSE: £43,000 (Sold on 16 Jan 1995)
Terraced
- The average price is around £140,430 median price is £130,000 Standard Deviation is £75,340 with Total Sold: 1,960
- The Last 5 Year average price is £251,251 with Total Sold: 270
- The most recent sale happened at this postcode is , 76 WINSTON ROAD: £304,000 (Sold on 02 Aug 2024)
- The first recorded sale happened at this postcode is , 17 BRISTOL CLOSE: £44,250 (Sold on 06 Jan 1995)
Flat
- The average price is around £128,888 median price is £127,000 Standard Deviation is £45,753 with Total Sold: 309
- The Last 5 Year average price is £174,297 with Total Sold: 59
- The most recent sale happened at this postcode is 8, WESTBOURNE HOUSE WHITEHEAD DRIVE: £168,000 (Sold on 04 Apr 2024)
- The first recorded sale happened at this postcode is , 148 CEDAR ROAD: £32,500 (Sold on 24 Feb 1995)
Detached
- The average price is around £183,753 median price is £175,000 Standard Deviation is £95,808 with Total Sold: 25
- The Last 5 Year average price is £272,945 with Total Sold: 3
- The most recent sale happened at this postcode is , 69 RANSCOMBE CLOSE: £365,000 (Sold on 27 Oct 2023)
- The first recorded sale happened at this postcode is , 18 BRISTOL CLOSE: £41,000 (Sold on 07 Jul 1995)
Other
- The average price is around £432,825 median price is £92,750 Standard Deviation is £1,096,647 with Total Sold: 20
- The Last 5 Year average price is £573,727 with Total Sold: 11
- The most recent sale happened at this postcode is , 5 CHESTNUT ROAD: £143,000 (Sold on 18 Oct 2023)
- The first recorded sale happened at this postcode is , GREATFIELD LODGE DARNLEY ROAD: £1,500,000 (Sold on 31 Jul 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£309,167	£4,145	6
2023	£296,935	£4,088	23
2022	£304,300	£4,084	20
2021	£266,790	£3,801	31
2020	£249,850	£3,322	20
2019	£259,075	£3,345	20
2018	£255,500	£3,157	17
2017	£233,327	£3,276	26
2016	£225,210	£2,890	25
2015	£204,442	£2,606	26
2014	£176,552	£2,333	18
2013	£157,018	£2,073	14
2012	£147,333	£1,938	9
2011	£147,645	£2,087	17
2010	£146,000	£1,726	10
2009	£140,424	£1,877	23
2008	£155,500	£2,761	17
2007	£165,954	£2,129	33
2006	£137,603	£1,848	29
2005	£139,916	£1,906	18
2004	£141,494	£1,957	27
2003	£126,439	£1,753	33
2002	£98,196	£1,373	38
2001	£75,690	£1,144	39
2000	£76,838	£1,018	40
1999	£62,802	£763	27
1998	£56,200	£737	34
1997	£49,474	£650	39
1996	£49,878	£645	21
1995	£46,976	£569	21

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£296,400	£3,509	15
2023	£288,575	£3,907	40
2022	£264,113	£3,630	50
2021	£242,352	£3,377	76
2020	£230,110	£3,323	41
2019	£224,792	£3,101	48
2018	£238,395	£3,161	67
2017	£225,405	£3,191	72
2016	£214,651	£3,087	84
2015	£180,915	£2,549	68
2014	£167,261	£2,238	79
2013	£141,415	£1,887	47
2012	£130,189	£1,785	38
2011	£139,292	£1,920	52
2010	£158,637	£1,822	55
2009	£159,787	£1,811	81
2008	£144,902	£2,003	36
2007	£142,411	£2,029	76
2006	£134,257	£1,937	72
2005	£128,870	£1,785	67
2004	£122,729	£1,728	91
2003	£108,248	£1,552	98
2002	£92,656	£1,353	80
2001	£70,618	£1,034	93
2000	£63,071	£920	75
1999	£52,982	£751	77
1998	£48,026	£693	79
1997	£45,511	£635	63
1996	£37,742	£559	73
1995	£42,220	£602	67

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£197,500	£3,307	2
2023	£188,614	£3,266	7
2022	£180,625	£3,175	14
2021	£168,250	£3,108	20
2020	£163,778	£2,967	9
2019	£171,500	£3,051	7
2018	£184,688	£2,977	12
2017	£168,457	£3,025	23
2016	£154,282	£2,843	23
2015	£140,389	£2,423	9
2014	£129,026	£2,327	19
2013	£116,105	£1,902	9
2012	£102,771	£1,890	11
2011	£118,440	£1,993	26
2010	£117,515	£2,084	43
2009	£115,588	£1,934	22
2008	£56,883		3
2007	£107,598	£1,727	5
2006	£90,100	£1,386	5
2005	£77,050	£1,687	5
2004	£93,874	£1,515	4
2003	£80,500	£1,377	2
2002	£57,082	£895	3
2001	£49,477	£768	11
2000	£46,298	£714	5
1999	£36,667	£529	3
1998	£29,361	£591	4
1996	£22,000	£468	1
1995	£30,250	£350	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£365,000	£4,562	1
2022	£280,334	£3,840	1
2019	£173,500	£4,138	1
2017	£276,000	£3,277	3
2016	£272,500	£3,164	2
2011	£243,167	£2,672	3
2010	£240,000	£1,968	1
2009	£125,250	£2,027	2
2008	£147,000		1
2007	£215,000	£2,129	1
2006	£180,000	£2,466	1
2003	£117,995		1
2002	£93,000		1
2001	£87,665	£1,066	3
1997	£65,000	£644	1
1995	£50,498	£578	2

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£25,333	£514	6
2022	£299,000	£3,581	2
2020	£290,000	£3,452	1
2019	£2,635,500		2
2018	£147,625	£1,586	4
2017	£63,750	£3,250	4
2015	£1,500,000		1

House Type in ME2 2PR area

The most common house types in the ME2 2PR postcode area are Semi-detached (103), Terraced (26), and Detached (3).

Total	134
Semi-detached	103
Terraced	26
Detached	3
Flat	2
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 (72), and Owned: Owns outright (47).

Owned: Owns with a mortgage or loan	72
Owned: Owns outright	47
Private rented: Private landlord or letting agency	12
Shared ownership: Shared ownership	4
Social rented: Other social rented	2
Social rented: Rents from council or Local Authority	1
Does not apply	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the ME2 2PR have 2 people in household (54), and 1 person in household (39).

2 people in household	54
1 person in household	39
3 people in household	21
4 people in household	18
5 people in household	3
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0