Housing Market Analysis for HOPEWELL DRIVE, ME5 7NP

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

Overview of Sold House prices

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

  • Other
    • The average price is around £442,500 median price is £442,500 Standard Deviation is £67,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 113 HOPEWELL DRIVE: £510,000 (Sold on 25 Jul 2016)
    • The first recorded sale happened at this postcode is 111 HOPEWELL DRIVE: £375,000 (Sold on 11 Jun 2015)
  • Terraced
    • The average price is around £115,000 median price is £115,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 58 HOPEWELL DRIVE: £115,000 (Sold on 18 Jun 2014)
    • The first recorded sale happened at this postcode is 58 HOPEWELL DRIVE: £115,000 (Sold on 18 Jun 2014)
  • Semi-Detached
    • The average price is around £107,000 median price is £107,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 80 HOPEWELL DRIVE: £107,000 (Sold on 11 Oct 2005)
    • The first recorded sale happened at this postcode is 80 HOPEWELL DRIVE: £107,000 (Sold on 11 Oct 2005)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 7NP 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: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£510,0001
2015£375,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2014£115,000 £2,347 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2005£107,0001

All the Sales in the HOPEWELL DRIVE, ME5 7NP

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

AddressSold DatePrice% Change
113 HOPEWELL DRIVEOther, Freehold25 Jul 2016£510,000First Sale
111 HOPEWELL DRIVEOther, Freehold11 Jun 2015£375,000First Sale
58 HOPEWELL DRIVETerraced, FreeholdArea: 49 Sq.mtrAge: 1967-197518 Jun 2014£115,000First Sale
80 HOPEWELL DRIVESemi-Detached, Freehold11 Oct 2005£107,000First Sale

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

HOPEWELL DRIVE, ME5 7NP Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £144,154 median price is £132,500 Standard Deviation is £83,662 with Total Sold: 763
    • The Last 5 Year average price is £261,922 with Total Sold: 127
    • 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 , 65 DOWNSVIEW: £57,000 (Sold on 12 Jan 1995)
  • Terraced
    • The average price is around £129,088 median price is £121,000 Standard Deviation is £67,193 with Total Sold: 772
    • The Last 5 Year average price is £223,274 with Total Sold: 133
    • The most recent sale happened at this postcode is , 28 SHANKLIN CLOSE: £270,000 (Sold on 07 Aug 2024)
    • The first recorded sale happened at this postcode is , 30 SOMERSET CLOSE: £39,000 (Sold on 20 Jan 1995)
  • Flat
    • The average price is around £79,387 median price is £80,000 Standard Deviation is £34,833 with Total Sold: 370
    • The Last 5 Year average price is £115,785 with Total Sold: 61
    • The most recent sale happened at this postcode is FLAT 20, KINGSDALE COURT HOPEWELL DRIVE: £77,500 (Sold on 29 Jul 2024)
    • The first recorded sale happened at this postcode is FLAT 19, KINGSDALE COURT HOPEWELL DRIVE: £18,750 (Sold on 07 Feb 1995)
  • Detached
    • The average price is around £195,337 median price is £180,000 Standard Deviation is £103,096 with Total Sold: 117
    • The Last 5 Year average price is £329,077 with Total Sold: 13
    • 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 , 166 CAPSTONE ROAD: £135,000 (Sold on 17 May 1996)
  • Other
    • The average price is around £769,606 median price is £250,000 Standard Deviation is £1,464,355 with Total Sold: 26
    • The Last 5 Year average price is £684,766 with Total Sold: 15
    • The most recent sale happened at this postcode is UNIT 4, DAJEN BUSINESS PARK SECOND AVENUE: £335,000 (Sold on 17 Nov 2023)
    • The first recorded sale happened at this postcode is , 111 HOPEWELL DRIVE: £375,000 (Sold on 11 Jun 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£246,78010
2023£276,348 £3,934 23
2022£302,447 £3,769 24
2021£254,234 £3,326 28
2020£253,025 £3,324 20
2019£227,386 £3,097 22
2018£248,258 £3,163 31
2017£236,842 £3,267 19
2016£217,515 £2,892 20
2015£200,456 £2,433 34
2014£168,283 £2,345 19
2013£140,214 £2,027 14
2012£146,654 £2,013 13
2011£131,200 £2,000 10
2010£138,056 £1,971 9
2009£137,154 £1,862 13
2008£148,378 £2,029 16
2007£167,460 £2,141 38
2006£149,115 £2,022 26
2005£127,112 £2,134 29
2004£126,639 £1,782 25
2003£120,637 £1,691 33
2002£98,916 £1,299 48
2001£71,384 £1,077 36
2000£70,817 £962 32
1999£56,727 £840 37
1998£55,320 £712 38
1997£51,661 £701 43
1996£44,628 £617 30
1995£50,695 £583 23
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£257,0005
2023£234,265 £3,735 17
2022£247,583 £3,527 24
2021£242,931 £3,261 29
2020£192,296 £2,589 27
2019£201,581 £3,032 31
2018£217,075 £3,136 20
2017£192,357 £2,805 28
2016£187,045 £2,656 33
2015£151,423 £2,529 26
2014£135,854 £2,128 19
2013£122,760 £1,858 25
2012£132,409 £2,095 11
2011£113,166 £1,560 18
2010£116,200 £1,796 10
2009£126,833 £1,743 12
2008£136,464 £1,680 14
2007£132,733 £2,072 53
2006£124,672 £1,831 41
2005£117,732 £1,799 28
2004£116,069 £1,831 34
2003£104,431 £1,448 41
2002£83,178 £1,245 39
2001£63,595 £962 44
2000£54,106 £740 39
1999£48,029 £671 32
1998£46,305 £590 22
1997£41,900 £558 22
1996£40,433 £544 12
1995£37,438 £624 16
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£93,000 £2,168 4
2023£116,708 £2,398 12
2022£105,964 £2,432 14
2021£132,778 £2,758 16
2020£112,143 £2,432 7
2019£112,182 £3,007 8
2018£112,350 £2,595 10
2017£113,869 £2,601 13
2016£97,647 £2,545 17
2015£79,500 £2,105 13
2014£74,587 £1,766 16
2013£67,050 £1,605 5
2012£64,862 £1,607 7
2011£74,643 £1,774 7
2010£76,000 £1,920 3
2009£93,062 £1,706 4
2008£105,778 £2,273 9
2007£97,045 £2,246 22
2006£92,028 £2,436 35
2005£88,849 £1,966 10
2004£85,063 £2,064 18
2003£72,250 £1,787 18
2002£51,183 £1,270 19
2001£45,761 £1,092 21
2000£38,233 £1,026 19
1999£27,980 £689 13
1998£32,074 £703 10
1997£26,450 £552 10
1996£28,689 £678 5
1995£25,450 £576 5
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£300,000 £3,824 2
2022£431,667 £4,177 3
2021£350,000 £4,105 3
2020£240,000 £3,750 1
2019£273,250 £3,215 4
2018£315,286 £3,476 7
2017£303,438 £2,902 8
2016£272,249 £3,469 6
2015£219,500 £2,852 2
2014£165,000 £2,042 3
2013£225,000 £2,156 5
2012£196,857 £1,848 7
2011£154,250 £2,131 2
2010£175,000 £2,024 1
2009£177,000 £2,071 1
2008£220,000 £1,774 1
2007£212,000 £2,300 4
2006£179,125 £1,332 4
2005£119,000 £2,429 1
2004£158,999 £2,299 4
2003£230,800 £935 5
2002£137,624 £1,439 8
2001£132,071 £1,255 7
2000£126,750 £969 4
1999£82,999 £1,051 9
1998£85,375 £1,092 4
1997£90,249 £532 6
1996£71,000 £511 5
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£1,784,5504
2022£167,5004
2021£350,0001
2020£580,0002
2019£238,324 £2,767 4
2018£1,950,500 £32,967 4
2017£243,3333
2016£277,083 £1,604 3
2015£375,0001

House Type in ME5 7NP area

The most common house types in the ME5 7NP postcode area are Terraced (73), Flat (52), and Semi-detached (28).

Total159
Terraced73
Flat52
Semi-detached28
Detached6
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Social rented: Other social rented (94), and Owned: Owns with a mortgage or loan (19).

Social rented: Other social rented94
Owned: Owns with a mortgage or loan19
Owned: Owns outright16
Private rented: Private landlord or letting agency15
Social rented: Rents from council or Local Authority14
Private rented: Other private rented1
Lives rent free1
Does not apply0
Shared ownership: Shared ownership0

Number of People in a Household

The most houses in the ME5 7NP have 1 person in household (69), and 2 people in household (40).

1 person in household69
2 people in household40
4 people in household19
3 people in household18
5 people in household7
6 people in household5
7 people in household2
0 people in household0
8 or more people in household0