Housing Market Analysis for ME5 7LB

Are you looking to understand ME5 7LB 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 ME5 7LB area, explore the ME5 7LB Area information page.
For comprehensive crime statistics in the ME5 7LB area, explore the ME5 7LB Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME5 7LB postcode area, The average prices are as follows,

    Sold Price Trend Over the Years:

    Below table and chart gives the average ME5 7LB 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.

    All the Sales in the ME5 7LB

    See the table below for more details on the sold house prices in the ME5 7LB, Medway postcode.

    AddressSold DatePrice% Change

    Check out the sold house prices near the ME5 7LB postcode. Properties currently for saleProperties currently for rent

    ME5 7LB Near By properties

    Interactive Map

    This Interactive map can help you visualize the nearby sold house in the ME5 7LB 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 ME5 7LB postcode.

    • Flat
      • The average price is around £81,903 median price is £79,998 Standard Deviation is £44,635 with Total Sold: 716
      • The Last 5 Year average price is £128,306 with Total Sold: 114
      • The most recent sale happened at this postcode is FLAT 8, FLORENCE HOUSE 130A BEACON ROAD: £114,000 (Sold on 13 Sep 2024)
      • The first recorded sale happened at this postcode is , 5 CONNAUGHT MEWS: £22,000 (Sold on 27 Jan 1995)
    • Semi-Detached
      • The average price is around £137,886 median price is £125,000 Standard Deviation is £80,604 with Total Sold: 635
      • The Last 5 Year average price is £248,566 with Total Sold: 89
      • The most recent sale happened at this postcode is , 17 BRACKEN LEA: £255,000 (Sold on 30 Aug 2024)
      • The first recorded sale happened at this postcode is , 4 CHESTER ROAD: £57,000 (Sold on 17 Mar 1995)
    • Terraced
      • The average price is around £119,751 median price is £113,000 Standard Deviation is £67,289 with Total Sold: 2,681
      • The Last 5 Year average price is £218,621 with Total Sold: 391
      • The most recent sale happened at this postcode is , 206 UPPER LUTON ROAD: £243,000 (Sold on 08 Aug 2024)
      • The first recorded sale happened at this postcode is , 173 CONSTITUTION ROAD: £37,500 (Sold on 10 Jan 1995)
    • Detached
      • The average price is around £215,677 median price is £199,995 Standard Deviation is £148,886 with Total Sold: 207
      • The Last 5 Year average price is £395,045 with Total Sold: 22
      • The most recent sale happened at this postcode is , 4 CAPSTONE ROAD: £275,000 (Sold on 07 Feb 2024)
      • The first recorded sale happened at this postcode is , 49 MONTROSE AVENUE: £108,750 (Sold on 15 Sep 1995)
    • Other
      • The average price is around £449,334 median price is £250,000 Standard Deviation is £934,710 with Total Sold: 54
      • The Last 5 Year average price is £514,233 with Total Sold: 27
      • The most recent sale happened at this postcode is , AINSWORTH COURT 547-555, 555 CANTERBURY STREET: £6,000,000 (Sold on 20 Dec 2023)
      • The first recorded sale happened at this postcode is , 21 WARD VIEW: £82,500 (Sold on 29 Apr 2013)

    Sold Price Trend Over the Years:

    House Type: Flat
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£104,429 £1,994 7
    2023£125,476 £2,693 21
    2022£131,710 £3,030 31
    2021£145,998 £3,123 25
    2020£119,192 £2,506 13
    2019£116,380 £2,781 17
    2018£119,750 £2,555 22
    2017£126,764 £2,553 22
    2016£99,794 £2,499 33
    2015£95,286 £2,196 28
    2014£79,343 £1,852 23
    2013£68,042 £1,725 6
    2012£83,251 £1,765 16
    2011£97,022 £2,166 21
    2010£79,374 £2,017 8
    2009£80,375 £1,512 6
    2008£100,917 £2,145 12
    2007£96,919 £2,102 42
    2006£88,157 £2,259 54
    2005£89,039 £2,010 25
    2004£81,410 £2,044 49
    2003£67,378 £1,678 37
    2002£49,882 £1,148 49
    2001£40,762 £996 31
    2000£36,020 £908 33
    1999£29,305 £703 27
    1998£26,118 £527 19
    1997£23,400 £447 15
    1996£25,293 £582 10
    1995£26,678 £672 14
    House Type: Semi-Detached
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£248,3448
    2023£273,818 £3,876 11
    2022£295,679 £3,493 14
    2021£238,526 £2,871 23
    2020£243,444 £3,732 9
    2019£221,125 £2,733 24
    2018£224,781 £2,872 16
    2017£232,044 £3,064 20
    2016£228,531 £2,726 18
    2015£174,500 £2,031 18
    2014£175,846 £1,892 13
    2013£146,286 £1,714 7
    2012£140,156 £1,440 16
    2011£160,929 £1,763 14
    2010£127,682 £1,611 11
    2009£136,533 £1,810 15
    2008£161,800 £1,922 20
    2007£155,063 £1,954 34
    2006£149,216 £1,899 30
    2005£135,410 £1,893 28
    2004£127,122 £1,479 26
    2003£111,252 £1,582 29
    2002£95,508 £1,221 40
    2001£78,831 £996 35
    2000£74,689 £927 21
    1999£62,788 £758 31
    1998£56,778 £678 27
    1997£49,551 £660 39
    1996£47,457 £590 27
    1995£48,795 £636 11
    House Type: Terraced
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£222,796 £2,933 26
    2023£233,525 £3,111 67
    2022£250,549 £3,269 73
    2021£220,819 £2,704 98
    2020£187,535 £2,384 57
    2019£191,743 £2,486 70
    2018£193,759 £2,456 83
    2017£181,017 £2,350 94
    2016£173,601 £2,398 96
    2015£142,106 £1,863 103
    2014£140,171 £1,789 83
    2013£116,338 £1,552 75
    2012£117,127 £1,493 57
    2011£114,961 £1,491 58
    2010£106,291 £1,456 42
    2009£112,797 £1,441 37
    2008£123,890 £1,686 59
    2007£133,729 £1,830 149
    2006£130,110 £1,655 125
    2005£120,116 £1,652 116
    2004£114,299 £1,482 114
    2003£96,659 £1,262 132
    2002£78,655 £1,042 132
    2001£65,098 £877 135
    2000£56,219 £727 138
    1999£44,994 £575 116
    1998£41,981 £549 111
    1997£39,081 £477 96
    1996£38,309 £458 73
    1995£34,144 £449 66
    House Type: Detached
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£300,000 £3,824 2
    2023£671,667 £3,975 3
    2022£488,750 £4,018 4
    2021£329,357 £3,399 7
    2020£361,250 £3,672 2
    2019£273,250 £2,994 4
    2018£313,538 £3,270 13
    2017£369,864 £3,045 11
    2016£265,249 £2,779 6
    2015£220,166 £2,576 12
    2014£186,250 £2,133 4
    2013£208,750 £2,141 10
    2012£217,054 £2,131 18
    2011£173,898 £2,115 5
    2010£236,400 £2,538 5
    2009£159,500 £2,165 2
    2008£194,417 £2,329 6
    2007£188,100 £2,198 10
    2006£172,167 £1,560 9
    2005£280,600 £2,986 5
    2004£227,167 £2,158 6
    2003£214,100 £1,658 5
    2002£162,332 £1,436 9
    2001£127,389 £1,340 9
    2000£105,692 £966 8
    1999£82,227 £788 11
    1998£92,999 £937 5
    1997£96,937 £678 8
    1996£48,000 £435 6
    1995£73,3752
    House Type: Other
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2023£1,380,167 £7,696 6
    2022£205,833 £4,904 6
    2021£256,200 £3,177 5
    2020£580,0002
    2019£240,912 £3,024 8
    2018£647,950 £8,936 10
    2017£186,889 £2,508 9
    2016£273,649 £1,604 5
    2015£383,7502
    2013£82,500 £1,251 1

    House Type in ME5 7LB area

    The most common house types in the ME5 7LB postcode area are Flat (44), Terraced (42), and Semi-detached (28).

    Total127
    Flat44
    Terraced42
    Semi-detached28
    Detached8
    commercial building3
    Shared house2
    converted building0
    temporary structure0

    Tenure of household

    As per the tenure of household, most of the the properties are Social rented: Other social rented (69), and Social rented: Rents from council or Local Authority (12).

    Social rented: Other social rented69
    Social rented: Rents from council or Local Authority12
    Private rented: Private landlord or letting agency12
    Owned: Owns outright11
    Shared ownership: Shared ownership11
    Owned: Owns with a mortgage or loan9
    Private rented: Other private rented3
    Does not apply0
    Lives rent free0

    Number of People in a Household

    The most houses in the ME5 7LB have 1 person in household (59), and 2 people in household (28).

    1 person in household59
    2 people in household28
    3 people in household16
    4 people in household12
    5 people in household5
    6 people in household5
    7 people in household2
    8 or more people in household1
    0 people in household0