Housing Market Analysis for RICHBOROUGH DRIVE, ME2 3LU

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

Overview of Sold House prices

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

Detached
- The average price is around £285,558 median price is £249,995 Standard Deviation is £154,064 with Total Sold: 17
- The Last 5 Year average price is £587,500 with Total Sold: 2
- The most recent sale happened at this postcode is 11 RICHBOROUGH DRIVE: £665,000 (Sold on 24 Apr 2023)
- The first recorded sale happened at this postcode is 1 RICHBOROUGH DRIVE: £134,000 (Sold on 30 Jun 1996)
Semi-Detached
- The average price is around £138,500 median price is £138,500 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 5 RICHBOROUGH DRIVE: £138,500 (Sold on 24 Oct 1997)
- The first recorded sale happened at this postcode is 5 RICHBOROUGH DRIVE: £138,500 (Sold on 24 Oct 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average ME2 3LU 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: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£665,000	£4,524	1
2019	£510,000	£3,984	1
2018	£537,000	£3,606	1
2015	£409,995	£2,971	1
2011	£295,000	£1,981	1
2007	£315,000	£2,143	1
2005	£285,000	£2,244	1
2003	£249,248	£1,701	2
2002	£275,000	£1,993	1
1999	£160,000	£1,270	1
1998	£163,667	£1,312	3
1997	£141,000	£959	1
1996	£136,000	£1,075	2

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
1997	£138,500		1

All the Sales in the RICHBOROUGH DRIVE, ME2 3LU

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

Address	Sold Date	Price	% Change
11 RICHBOROUGH DRIVEDetached, FreeholdArea: 147 Sq.mtrAge: 1996-2002	24 Apr 2023	£665,000	111.11%
	15 Aug 2007	£315,000	26.00%
	04 Apr 2003	£249,995	77.30%
	19 Nov 1997	£141,000	First Sale
4 RICHBOROUGH DRIVEDetached, FreeholdArea: 128 Sq.mtrAge: 1996-2002	24 May 2019	£510,000	201.78%
	10 Jul 1998	£169,000	First Sale
17 RICHBOROUGH DRIVEDetached, FreeholdArea: 148.91 Sq.mtrAge: 1996-2002	04 Sep 2018	£537,000	82.03%
	23 Aug 2011	£295,000	First Sale
2 RICHBOROUGH DRIVEDetached, FreeholdArea: 137.98 Sq.mtrAge: 1991-1995	24 Aug 2015	£409,995	49.09%
	23 May 2002	£275,000	52.78%
	09 Apr 1998	£180,000	First Sale
1 RICHBOROUGH DRIVEDetached, FreeholdArea: 127 Sq.mtrAge: 1996-2002	20 May 2005	£285,000	112.69%
	30 Jun 1996	£134,000	First Sale
3 RICHBOROUGH DRIVEDetached, Freehold	26 Mar 2003	£248,500	First Sale
19 RICHBOROUGH DRIVEDetached, FreeholdArea: 126 Sq.mtrAge: 1996-2002	09 Dec 1999	£160,000	15.94%
	29 Nov 1996	£138,000	First Sale
9 RICHBOROUGH DRIVEDetached, Freehold	05 Mar 1998	£142,000	First Sale
5 RICHBOROUGH DRIVESemi-Detached, Freehold	24 Oct 1997	£138,500	First Sale

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

RICHBOROUGH DRIVE, ME2 3LU Near By properties

Interactive Map

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

Terraced
- The average price is around £133,503 median price is £124,500 Standard Deviation is £74,461 with Total Sold: 1,743
- The Last 5 Year average price is £240,684 with Total Sold: 256
- The most recent sale happened at this postcode is , 9 YALDING CLOSE: £245,000 (Sold on 12 Sep 2024)
- The first recorded sale happened at this postcode is , 99 KITCHENER ROAD: £27,000 (Sold on 06 Jan 1995)
Semi-Detached
- The average price is around £191,023 median price is £180,000 Standard Deviation is £107,415 with Total Sold: 926
- The Last 5 Year average price is £340,431 with Total Sold: 144
- 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)
Flat
- The average price is around £85,875 median price is £84,750 Standard Deviation is £59,050 with Total Sold: 54
- The Last 5 Year average price is £134,455 with Total Sold: 11
- The most recent sale happened at this postcode is , 17A BROMPTON LANE: £97,000 (Sold on 06 Jun 2024)
- The first recorded sale happened at this postcode is , 11 HANCOCK CLOSE: £24,500 (Sold on 29 Feb 1996)
Detached
- The average price is around £281,675 median price is £268,000 Standard Deviation is £148,919 with Total Sold: 513
- The Last 5 Year average price is £484,124 with Total Sold: 74
- The most recent sale happened at this postcode is , 6 CHEQUERS COURT: £400,000 (Sold on 05 Jun 2024)
- The first recorded sale happened at this postcode is , 233 CLIFFE ROAD: £100,000 (Sold on 31 Mar 1995)
Other
- The average price is around £379,094 median price is £280,000 Standard Deviation is £407,449 with Total Sold: 15
- The Last 5 Year average price is £223,556 with Total Sold: 9
- The most recent sale happened at this postcode is , 141 WESTON ROAD: £230,000 (Sold on 28 Mar 2024)
- The first recorded sale happened at this postcode is , 178 BROMPTON FARM ROAD: £391,615 (Sold on 31 Jan 2014)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£270,565	£2,950	17
2023	£245,816	£3,305	50
2022	£279,649	£3,540	51
2021	£230,677	£3,187	66
2020	£218,590	£3,011	39
2019	£203,420	£2,830	33
2018	£229,304	£3,109	56
2017	£222,489	£2,806	63
2016	£199,027	£2,632	55
2015	£172,288	£2,385	69
2014	£153,241	£2,069	59
2013	£134,038	£1,777	52
2012	£120,371	£1,620	43
2011	£118,853	£1,619	34
2010	£135,137	£1,786	47
2009	£116,224	£1,480	29
2008	£147,031	£1,882	40
2007	£150,651	£1,939	77
2006	£133,155	£1,849	91
2005	£130,677	£1,657	48
2004	£120,428	£1,634	87
2003	£102,826	£1,396	82
2002	£84,945	£1,236	82
2001	£72,810	£977	85
2000	£61,026	£856	85
1999	£48,676	£655	79
1998	£47,971	£642	74
1997	£43,198	£593	58
1996	£38,084	£533	41
1995	£36,354	£498	51

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£365,625	£4,298	8
2023	£360,352	£4,386	27
2022	£375,543	£4,050	32
2021	£329,093	£4,010	27
2020	£309,731	£3,567	26
2019	£308,823	£3,740	24
2018	£301,460	£3,635	25
2017	£301,358	£3,443	43
2016	£273,239	£3,208	40
2015	£243,755	£2,927	37
2014	£234,917	£2,605	24
2013	£196,700	£2,271	20
2012	£188,875	£2,223	20
2011	£183,772	£2,193	20
2010	£200,238	£2,244	21
2009	£167,094	£1,928	26
2008	£196,353	£2,077	17
2007	£202,378	£2,287	59
2006	£180,250	£2,135	35
2005	£183,839	£2,140	21
2004	£181,577	£1,896	32
2003	£155,395	£1,723	32
2002	£124,407	£1,498	38
2001	£111,412	£1,245	40
2000	£93,374	£1,111	36
1999	£82,717	£887	24
1998	£75,316	£713	28
1997	£67,358	£720	53
1996	£58,729	£645	54
1995	£60,424	£690	37

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£97,000		1
2023	£140,000	£4,242	1
2022	£142,143	£2,547	7
2021	£111,000	£1,850	1
2020	£136,000	£3,091	1
2017	£232,500	£3,690	1
2016	£215,000	£3,413	1
2013	£92,000	£1,932	2
2012	£92,500	£1,913	2
2010	£84,000	£2,055	1
2009	£100,000	£2,273	1
2008	£151,667	£2,266	3
2007	£110,000	£3,324	3
2006	£80,250	£1,554	2
2005	£93,250	£1,223	2
2004	£112,000	£1,623	1
2003	£51,000	£952	4
2002	£61,498	£1,217	2
2001	£34,667	£937	3
2000	£33,833	£897	3
1999	£23,424	£425	3
1998	£55,167	£687	3
1997	£29,000		1
1996	£23,300	£328	5

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£478,333		3
2023	£571,714	£4,356	7
2022	£545,462	£4,595	13
2021	£445,429	£4,022	21
2020	£454,667	£3,515	16
2019	£476,321	£3,857	14
2018	£410,429	£3,509	14
2017	£398,965	£3,665	44
2016	£351,934	£3,091	23
2015	£350,931	£2,848	25
2014	£339,324	£2,506	17
2013	£283,316	£2,513	19
2012	£279,955	£2,314	11
2011	£261,291	£2,268	12
2010	£232,227	£2,284	11
2009	£267,000	£1,943	6
2008	£268,906	£2,480	7
2007	£311,843	£2,199	16
2006	£249,167	£1,980	15
2005	£262,053	£1,817	19
2004	£260,908	£1,998	17
2003	£265,205	£2,136	17
2002	£208,333	£1,718	21
2001	£173,921	£1,693	19
2000	£141,108	£1,113	18
1999	£125,972	£1,047	20
1998	£133,592	£912	21
1997	£104,496	£757	28
1996	£105,046	£824	26
1995	£96,077	£790	13

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£230,000	£3,580	1
2023	£22,500	£375	1
2021	£311,250	£3,883	4
2019	£171,500	£2,642	3
2017	£425,000	£3,935	1
2016	£475,000	£3,960	2
2015	£1,812,796		1
2014	£243,308	£3,956	2

House Type in ME2 3LU area

The most common house types in the ME2 3LU postcode area are Semi-detached (48), Detached (38), and Terraced (31).

Total	121
Semi-detached	48
Detached	38
Terraced	31
Shared house	2
Flat	1
converted building	1
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 (59), and Owned: Owns outright (38).

Owned: Owns with a mortgage or loan	59
Owned: Owns outright	38
Private rented: Private landlord or letting agency	14
Social rented: Other social rented	9
Private rented: Other private rented	4
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the ME2 3LU have 2 people in household (47), and 1 person in household (22).

2 people in household	47
1 person in household	22
3 people in household	19
4 people in household	18
5 people in household	12
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0