Housing Market Analysis for DRAKES AVENUE, ME2 3LN

Are you looking to understand ME2 3LN 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 3LN area, explore the ME2 3LN Area information page.
For comprehensive crime statistics in the ME2 3LN area, explore the ME2 3LN Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME2 3LN postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £172,370 median price is £160,000 Standard Deviation is £89,195 with Total Sold: 27
- The Last 5 Year average price is £356,333 with Total Sold: 3
- The most recent sale happened at this postcode is 23 DRAKES AVENUE: £369,000 (Sold on 28 Jul 2023)
- The first recorded sale happened at this postcode is 10 DRAKES AVENUE: £64,000 (Sold on 25 Aug 1995)
Terraced
- The average price is around £223,998 median price is £223,998 Standard Deviation is £34,002 with Total Sold: 2
- The most recent sale happened at this postcode is 24 DRAKES AVENUE: £258,000 (Sold on 05 Oct 2015)
- The first recorded sale happened at this postcode is 24 DRAKES AVENUE: £189,995 (Sold on 16 Apr 2004)

Sold Price Trend Over the Years:

Below table and chart gives the average ME2 3LN 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	£369,000	£3,449	1
2022	£375,000	£4,573	1
2020	£325,000	£2,664	1
2017	£307,000	£3,165	1
2013	£181,250	£2,133	2
2012	£187,500	£2,103	2
2010	£245,000		1
2007	£210,500	£2,425	3
2005	£210,000		1
2004	£160,000	£2,105	1
2003	£152,000	£2,000	1
2002	£124,000	£1,570	1
2001	£105,000	£1,242	1
2000	£115,250	£1,627	4
1998	£102,000		1
1997	£78,000	£667	1
1996	£61,000		2
1995	£75,000	£936	2

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2015	£258,000	£2,688	1
2004	£189,995	£1,979	1

All the Sales in the DRAKES AVENUE, ME2 3LN

See the table below for more details on the sold house prices in the ME2 3LN, Medway postcode.

Address	Sold Date	Price	% Change
23 DRAKES AVENUESemi-Detached, FreeholdArea: 107 Sq.mtrAge: 1950-1966	28 Jul 2023	£369,000	First Sale
22 DRAKES AVENUESemi-Detached, FreeholdArea: 82 Sq.mtrAge: 1950-1966	07 Oct 2022	£375,000	First Sale
15 DRAKES AVENUESemi-Detached, FreeholdArea: 122 Sq.mtrAge: 1950-1966	30 Oct 2020	£325,000	First Sale
19 DRAKES AVENUESemi-Detached, FreeholdArea: 97 Sq.mtrAge: 1950-1966	07 Mar 2017	£307,000	55.44%
	27 Sep 2013	£197,500	153.21%
	01 Jul 1997	£78,000	First Sale
24 DRAKES AVENUETerraced, FreeholdArea: 96 Sq.mtrAge: 1930-1949	05 Oct 2015	£258,000	35.79%
	16 Apr 2004	£189,995	First Sale
11 DRAKES AVENUESemi-Detached, FreeholdArea: 74 Sq.mtrAge: 1930-1949	05 Jul 2013	£165,000	First Sale
9 DRAKES AVENUESemi-Detached, FreeholdArea: 84.56 Sq.mtrAge: 1950-1966	26 Oct 2012	£200,000	4.17%
	26 Mar 2007	£192,000	82.86%
	05 Feb 2001	£105,000	First Sale
20 DRAKES AVENUESemi-Detached, FreeholdArea: 95.05 Sq.mtrAge: 1950-1966	09 Aug 2012	£175,000	First Sale
14 DRAKES AVENUESemi-Detached, Freehold	18 Mar 2010	£245,000	16.67%
14 DRAKES AVENUESemi-Detached, Freehold	02 Sep 2005	£210,000	First Sale
21 DRAKES AVENUESemi-Detached, FreeholdArea: 76 Sq.mtrAge: 1950-1966	26 Aug 2007	£196,000	22.50%
	27 Feb 2004	£160,000	5.26%
	25 Feb 2003	£152,000	First Sale
2 DRAKES AVENUESemi-Detached, Freehold	11 May 2007	£243,500	89.49%
	03 Nov 2000	£128,500	103.97%
	26 Apr 1996	£63,000	First Sale
17 DRAKES AVENUESemi-Detached, FreeholdArea: 79 Sq.mtrAge: 1950-1966	10 Sep 2002	£124,000	First Sale
25 DRAKES AVENUESemi-Detached, FreeholdArea: 83 Sq.mtrAge: 1950-1966	03 Apr 2000	£135,000	56.98%
	10 Nov 1995	£86,000	First Sale
4 DRAKES AVENUESemi-Detached, Freehold	17 Mar 2000	£95,000	61.02%
4 DRAKES AVENUESemi-Detached, Freehold	28 Nov 1996	£59,000	First Sale
12 DRAKES AVENUESemi-Detached, Freehold	29 Feb 2000	£102,500	First Sale
1 DRAKES AVENUESemi-Detached, Freehold	28 Oct 1998	£102,000	First Sale
10 DRAKES AVENUESemi-Detached, FreeholdArea: 76.52 Sq.mtrAge: 1950-1966	25 Aug 1995	£64,000	First Sale

Check out the sold house prices near the ME2 3LN postcode. Properties currently for saleProperties currently for rent

DRAKES AVENUE, ME2 3LN Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME2 3LN 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 3LN postcode.

Semi-Detached
- The average price is around £190,774 median price is £178,000 Standard Deviation is £106,333 with Total Sold: 1,035
- The Last 5 Year average price is £337,979 with Total Sold: 172
- The most recent sale happened at this postcode is , 99 BROMPTON FARM ROAD: £425,000 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 13 SAXON CLOSE: £79,000 (Sold on 05 Jan 1995)
Detached
- The average price is around £278,191 median price is £250,000 Standard Deviation is £149,893 with Total Sold: 476
- The Last 5 Year average price is £499,697 with Total Sold: 66
- The most recent sale happened at this postcode is , 26 WOODSTOCK ROAD: £410,000 (Sold on 19 Aug 2024)
- The first recorded sale happened at this postcode is , 26 LYCHFIELD DRIVE: £110,000 (Sold on 10 Apr 1995)
Terraced
- The average price is around £138,208 median price is £127,500 Standard Deviation is £75,780 with Total Sold: 1,742
- The Last 5 Year average price is £245,633 with Total Sold: 249
- The most recent sale happened at this postcode is , 9 ST NICHOLAS GARDENS: £520,000 (Sold on 16 Aug 2024)
- The first recorded sale happened at this postcode is , 99 KITCHENER ROAD: £27,000 (Sold on 06 Jan 1995)
Flat
- The average price is around £94,481 median price is £94,498 Standard Deviation is £51,241 with Total Sold: 286
- The Last 5 Year average price is £146,549 with Total Sold: 46
- The most recent sale happened at this postcode is , 19 WYATT PLACE: £168,000 (Sold on 06 Aug 2024)
- The first recorded sale happened at this postcode is FLAT 4, TRESERDEN COURT MONTFORT ROAD: £30,500 (Sold on 30 Jan 1995)
Other
- The average price is around £378,624 median price is £230,000 Standard Deviation is £592,604 with Total Sold: 17
- The Last 5 Year average price is £419,133 with Total Sold: 12
- The most recent sale happened at this postcode is , 41 BRAMLEY RISE: £375,000 (Sold on 17 Jun 2024)
- The first recorded sale happened at this postcode is , 49A BRYANT ROAD: £170,000 (Sold on 03 May 2016)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£377,455	£4,499	11
2023	£380,574	£4,187	27
2022	£364,388	£4,044	28
2021	£348,515	£3,949	34
2020	£297,658	£3,517	38
2019	£304,162	£3,589	34
2018	£314,212	£3,606	33
2017	£289,653	£3,248	31
2016	£273,075	£3,103	34
2015	£253,372	£2,913	32
2014	£241,897	£2,556	29
2013	£199,180	£2,334	25
2012	£188,640	£2,188	25
2011	£191,038	£2,171	25
2010	£191,933	£2,148	30
2009	£160,926	£1,880	27
2008	£185,921	£1,999	19
2007	£205,085	£2,303	64
2006	£180,007	£2,010	36
2005	£178,157	£2,093	23
2004	£174,151	£1,946	33
2003	£158,289	£1,782	50
2002	£136,351	£1,459	41
2001	£118,898	£1,173	45
2000	£96,038	£1,136	46
1999	£84,305	£873	27
1998	£79,085	£804	42
1997	£66,205	£716	56
1996	£59,476	£662	59
1995	£61,887	£741	31

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£497,500		4
2023	£527,857	£3,977	7
2022	£515,429	£4,280	14
2021	£466,816	£3,757	19
2020	£472,708	£3,679	12
2019	£553,700	£3,380	10
2018	£416,786	£3,703	14
2017	£421,391	£3,315	23
2016	£350,350	£2,943	13
2015	£371,919	£2,790	20
2014	£330,053	£2,218	19
2013	£308,368	£2,604	19
2012	£296,542	£2,351	12
2011	£272,428	£2,453	14
2010	£247,317	£2,160	11
2009	£247,500	£2,169	8
2008	£290,175	£2,475	2
2007	£295,938	£2,368	20
2006	£268,100	£2,206	15
2005	£268,998	£1,841	20
2004	£260,302	£1,966	18
2003	£257,089	£1,834	11
2002	£194,824	£1,692	20
2001	£196,331	£1,675	21
2000	£161,340	£1,175	16
1999	£141,312	£1,024	16
1998	£141,200	£1,015	20
1997	£112,634	£811	29
1996	£113,214	£992	39
1995	£93,450	£925	10

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£277,947	£3,953	17
2023	£243,140	£3,265	50
2022	£276,716	£3,321	59
2021	£239,255	£3,082	53
2020	£229,003	£2,898	30
2019	£210,090	£2,859	40
2018	£231,233	£2,897	62
2017	£215,984	£2,662	61
2016	£201,703	£2,613	59
2015	£175,123	£2,222	69
2014	£162,439	£1,953	58
2013	£135,620	£1,702	46
2012	£127,881	£1,671	46
2011	£133,650	£1,717	36
2010	£136,823	£1,729	37
2009	£120,726	£1,427	39
2008	£143,742	£1,867	42
2007	£157,021	£1,869	87
2006	£147,332	£1,799	97
2005	£129,131	£1,600	61
2004	£124,213	£1,598	79
2003	£108,129	£1,397	77
2002	£87,365	£1,190	79
2001	£75,448	£927	89
2000	£64,165	£832	82
1999	£52,736	£673	82
1998	£46,625	£558	66
1997	£44,439	£585	52
1996	£41,500	£513	41
1995	£36,485	£441	46

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£143,900	£2,896	5
2023	£139,600	£3,368	5
2022	£192,850	£2,975	10
2021	£138,167	£2,759	9
2020	£132,800	£2,993	5
2019	£123,979	£3,327	12
2018	£157,000	£3,138	7
2017	£146,000	£2,806	8
2016	£119,633	£2,541	15
2015	£122,857	£2,419	7
2014	£110,200	£2,149	5
2013	£90,500	£1,866	6
2012	£104,000	£1,742	9
2011	£116,600	£2,093	5
2010	£127,400	£2,237	5
2009	£93,125	£2,100	8
2008	£119,098	£2,821	14
2007	£118,399	£2,594	10
2006	£97,526	£1,790	17
2005	£96,875	£1,745	4
2004	£90,884	£1,825	13
2003	£87,123	£1,737	17
2002	£60,899	£1,235	9
2001	£51,687	£1,103	20
2000	£43,321	£910	14
1999	£32,991	£657	12
1998	£40,696	£754	14
1997	£30,556	£619	9
1996	£28,300	£632	5
1995	£33,429	£633	7

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£201,700	£1,792	3
2021	£857,500	£16,794	4
2020	£240,000		2
2019	£171,500	£2,642	3
2018	£350,000		1
2017	£435,000	£5,676	2
2016	£93,500	£4,250	2

House Type in ME2 3LN area

The most common house types in the ME2 3LN postcode area are Semi-detached (90), Terraced (29), and Detached (18).

Total	137
Semi-detached	90
Terraced	29
Detached	18
Flat	0
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 outright (63), and Owned: Owns with a mortgage or loan (61).

Owned: Owns outright	63
Owned: Owns with a mortgage or loan	61
Private rented: Private landlord or letting agency	10
Private rented: Other private rented	2
Social rented: Rents from council or Local Authority	1
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the ME2 3LN have 2 people in household (46), and 4 people in household (30).

2 people in household	46
4 people in household	30
3 people in household	26
1 person in household	25
5 people in household	9
6 people in household	1
7 people in household	1
0 people in household	0
8 or more people in household	0