Housing Market Analysis for MERMAID CLOSE, ME5 7PT

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

Overview of Sold House prices

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

Terraced
- The average price is around £119,167 median price is £114,500 Standard Deviation is £61,691 with Total Sold: 102
- The Last 5 Year average price is £227,542 with Total Sold: 12
- The most recent sale happened at this postcode is 27 MERMAID CLOSE: £275,000 (Sold on 23 Nov 2022)
- The first recorded sale happened at this postcode is 8 MERMAID CLOSE: £31,500 (Sold on 15 Dec 1995)
Semi-Detached
- The average price is around £78,748 median price is £64,000 Standard Deviation is £41,463 with Total Sold: 22
- The most recent sale happened at this postcode is 3 MERMAID CLOSE: £210,000 (Sold on 20 Dec 2017)
- The first recorded sale happened at this postcode is 43 MERMAID CLOSE: £48,500 (Sold on 10 Feb 1995)
Detached
- The average price is around £161,167 median price is £187,000 Standard Deviation is £45,285 with Total Sold: 3
- The most recent sale happened at this postcode is 16 MERMAID CLOSE: £199,000 (Sold on 13 May 2013)
- The first recorded sale happened at this postcode is 18 MERMAID CLOSE: £97,500 (Sold on 06 Oct 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 7PT 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: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£247,500	£4,219	4
2021	£221,000	£2,565	3
2020	£220,000	£3,929	1
2019	£214,375	£3,655	4
2018	£189,333	£3,582	3
2017	£175,500	£3,661	2
2016	£200,000	£3,208	3
2015	£175,750	£3,090	4
2014	£154,500	£2,735	2
2013	£117,500	£2,269	2
2012	£130,000	£1,964	2
2010	£110,000	£1,806	1
2009	£108,000	£2,223	2
2008	£128,833	£2,374	3
2007	£138,571	£2,676	7
2006	£126,600	£2,213	5
2005	£122,399	£2,197	5
2004	£123,460	£2,251	10
2003	£103,622	£1,776	4
2002	£75,248	£1,494	6
2001	£64,000	£1,130	3
2000	£57,928	£1,096	7
1999	£46,800	£897	5
1998	£44,000	£818	4
1997	£38,875	£742	4
1996	£35,200	£699	5
1995	£31,500		1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2017	£210,000	£3,701	1
2009	£123,000	£2,168	1
2006	£118,500	£2,521	1
2005	£128,000	£2,246	1
2003	£85,107	£1,991	2
2002	£74,498	£1,447	2
2001	£69,832	£1,135	3
2000	£96,500	£1,198	2
1999	£53,000	£1,000	1
1998	£54,250		1
1997	£46,250		2
1996	£37,667	£714	3
1995	£59,250		2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2013	£199,000	£2,427	1
2005	£187,000		1
1997	£97,500		1

All the Sales in the MERMAID CLOSE, ME5 7PT

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

Address	Sold Date	Price	% Change
27 MERMAID CLOSETerraced, FreeholdArea: 55 Sq.mtrAge: 1983-1990	23 Nov 2022	£275,000	37.50%
	24 Jun 2016	£200,000	17.65%
	24 Jul 2015	£170,000	25.93%
	25 Mar 2013	£135,000	-6.90%
	30 Nov 2007	£145,000	16.94%
	04 Oct 2004	£124,000	138.46%
	30 Jun 1999	£52,000	First Sale
38 MERMAID CLOSETerraced, FreeholdArea: 66 Sq.mtrAge: 1976-1982	25 Mar 2022	£220,000	69.23%
	06 Aug 2004	£130,000	20.38%
	06 Feb 2003	£107,995	First Sale
31 MERMAID CLOSETerraced, FreeholdArea: 60 Sq.mtrAge: 1976-1982	03 Mar 2022	£250,000	12.36%
	13 Nov 2019	£222,500	36.50%
	18 Dec 2015	£163,000	23.02%
	06 Feb 2006	£132,500	38.02%
	28 Jun 2002	£96,000	92.00%
	11 Sep 1998	£50,000	First Sale
12 MERMAID CLOSETerraced, FreeholdArea: 56 Sq.mtrAge: 1991-1995	24 Jan 2022	£245,000	99.19%
	17 Aug 2012	£123,000	186.05%
	30 Jan 1998	£43,000	First Sale
14 MERMAID CLOSETerraced, FreeholdArea: 57 Sq.mtrAge: 1983-1990	22 Oct 2021	£215,000	First Sale
30 MERMAID CLOSETerraced, FreeholdArea: 60.9 Sq.mtrAge: 1983-1990	05 Aug 2021	£200,000	26.58%
	05 Jan 2018	£158,000	43.64%
	30 Nov 2010	£110,000	-4.35%
	21 Jun 2005	£115,000	67.88%
	18 Apr 2002	£68,500	First Sale
46 MERMAID CLOSETerraced, FreeholdArea: 389 Sq.mtrAge: 1983-1990	15 Apr 2021	£248,000	First Sale
37 MERMAID CLOSETerraced, FreeholdArea: 56 Sq.mtrAge: 1983-1990	03 Apr 2020	£220,000	40.13%
	02 May 2014	£157,000	-1.88%
	10 Sep 2007	£160,000	10.35%
	02 Sep 2005	£144,995	-2.36%
	17 Sep 2004	£148,500	123.31%
	30 Mar 2001	£66,500	35.71%
	30 Oct 1998	£49,000	First Sale
25 MERMAID CLOSETerraced, FreeholdArea: 48 Sq.mtrAge: 1983-1990	03 Dec 2019	£180,000	42.29%
	20 Mar 2008	£126,500	12.95%
	28 Oct 2005	£112,000	34.13%
	20 Sep 2002	£83,500	145.59%
	11 Jul 1997	£34,000	First Sale
28 MERMAID CLOSETerraced, FreeholdArea: 57 Sq.mtrAge: 1983-1990	14 Nov 2019	£225,000	48.03%
	27 Feb 2014	£152,000	First Sale
15 MERMAID CLOSETerraced, FreeholdArea: 71.54 Sq.mtrAge: 1983-1990	06 Sep 2019	£230,000	53.33%
	27 Jun 2008	£150,000	-4.76%
	12 May 2005	£157,500	First Sale
29 MERMAID CLOSETerraced, FreeholdArea: 57 Sq.mtrAge: 1983-1990	12 Dec 2018	£225,000	61.87%
	29 Aug 2007	£139,000	68.48%
	31 Jan 2005	£82,500	22.22%
	27 Jul 2001	£67,500	19.47%
	19 Nov 1999	£56,500	First Sale
32 MERMAID CLOSETerraced, FreeholdArea: 44 Sq.mtrAge: 1983-1990	17 Aug 2018	£185,000	2.21%
	17 Aug 2017	£181,000	41.41%
	19 Oct 2007	£128,000	14.29%
	18 Jun 2004	£112,000	109.35%
	10 Jul 2000	£53,500	50.70%
	18 Jul 1997	£35,500	First Sale
3 MERMAID CLOSESemi-Detached, FreeholdArea: 56.74 Sq.mtrAge: 1983-1990	20 Dec 2017	£210,000	70.73%
	13 Jul 2009	£123,000	8.85%
	26 Sep 2003	£112,995	66.17%
	06 Oct 2000	£68,000	65.85%
	23 Sep 1996	£41,000	First Sale
26 MERMAID CLOSETerraced, FreeholdArea: 53 Sq.mtrAge: 1983-1990	18 Aug 2017	£170,000	165.65%
	28 Feb 2002	£63,995	21.90%
	19 Dec 2000	£52,500	31.25%
	12 Oct 1999	£40,000	First Sale
2 MERMAID CLOSETerraced, FreeholdArea: 57 Sq.mtrAge: 1983-1990	17 Jun 2016	£190,000	35.72%
	23 Feb 2007	£139,995	12.00%
	12 Oct 2004	£125,000	115.52%
	01 Mar 2001	£58,000	41.46%
	09 Sep 1996	£41,000	First Sale
4 MERMAID CLOSETerraced, FreeholdArea: 79.12 Sq.mtrAge: 1976-1982	15 Jan 2016	£210,000	53.28%
	17 Feb 2012	£137,000	-6.48%
	08 Nov 2006	£146,500	12.69%
	25 Jun 2004	£130,000	154.90%
	07 May 1997	£51,000	First Sale
10 MERMAID CLOSETerraced, FreeholdArea: 56 Sq.mtrAge: 1983-1990	16 Nov 2015	£195,000	47.73%
	24 Mar 2006	£132,000	0.76%
	22 Oct 2004	£131,000	194.38%
	25 Mar 1996	£44,500	First Sale
35 MERMAID CLOSETerraced, FreeholdArea: 57 Sq.mtrAge: 1983-1990	09 Oct 2015	£175,000	36.72%
	19 Jul 2005	£128,000	72.97%
	22 Feb 2002	£74,000	First Sale
39 MERMAID CLOSETerraced, FreeholdArea: 48 Sq.mtrAge: 1983-1990	23 Jul 2013	£100,000	83.49%
	12 Jun 2001	£54,500	75.81%
	19 Jul 1996	£31,000	First Sale
16 MERMAID CLOSEDetached, FreeholdArea: 82 Sq.mtrAge: 1983-1990	13 May 2013	£199,000	First Sale
24 MERMAID CLOSETerraced, Freehold	21 Aug 2009	£111,000	-2.63%
	25 Jun 2004	£114,000	137.50%
	12 May 1999	£48,000	First Sale
6 MERMAID CLOSETerraced, FreeholdArea: 47.23 Sq.mtrAge: 1976-1982	31 Jul 2009	£105,000	16.67%
	26 Sep 2003	£89,995	80.01%
	28 Apr 2000	£49,995	42.84%
	13 Jun 1997	£35,000	First Sale
40 MERMAID CLOSETerraced, Freehold	27 Oct 2008	£110,000	193.33%
40 MERMAID CLOSETerraced, Freehold	26 Feb 1999	£37,500	First Sale
34 MERMAID CLOSETerraced, FreeholdArea: 47 Sq.mtrAge: 1983-1990	29 Jun 2007	£134,000	13.08%
	27 Jan 2006	£118,500	58.01%
	19 Jul 2002	£74,995	First Sale
7 MERMAID CLOSETerraced, FreeholdArea: 48 Sq.mtrAge: 1983-1990	31 May 2007	£124,000	14.81%
	17 Mar 2006	£108,000	125.00%
	18 Feb 2000	£48,000	71.43%
	09 Aug 1996	£28,000	First Sale
36 MERMAID CLOSETerraced, Freehold	10 Jan 2006	£114,000	6.05%
	09 Sep 2004	£107,500	16.85%
	17 Apr 2003	£92,000	44.88%
	28 Mar 2002	£63,500	86.76%
	17 Apr 1998	£34,000	7.94%
	06 Sep 1996	£31,500	First Sale
18 MERMAID CLOSEDetached, Freehold	25 Jul 2005	£187,000	91.79%
18 MERMAID CLOSEDetached, Freehold	06 Oct 1997	£97,500	First Sale
33 MERMAID CLOSETerraced, Freehold	30 Jul 2004	£112,600	263.23%
33 MERMAID CLOSETerraced, Freehold	28 Jun 1996	£31,000	First Sale
22 MERMAID CLOSETerraced, Freehold	02 May 2003	£124,500	First Sale
42 MERMAID CLOSESemi-Detached, Freehold	07 Feb 2003	£57,219	First Sale
8 MERMAID CLOSETerraced, Freehold	18 Jul 2002	£75,995	141.25%
8 MERMAID CLOSETerraced, Freehold	15 Dec 1995	£31,500	First Sale
43 MERMAID CLOSESemi-Detached, Freehold	02 Nov 2001	£60,000	26.32%
	27 Mar 1997	£47,500	-2.06%
	10 Feb 1995	£48,500	First Sale
11 MERMAID CLOSESemi-Detached, Freehold	05 Oct 2001	£94,995	75.11%
11 MERMAID CLOSESemi-Detached, Freehold	12 Jun 1998	£54,250	First Sale
20 MERMAID CLOSETerraced, FreeholdArea: 56 Sq.mtrAge: 1983-1990	30 Nov 2000	£68,000	First Sale
19 MERMAID CLOSETerraced, Freehold	30 Nov 2000	£86,000	First Sale
17 MERMAID CLOSESemi-Detached, Freehold	01 Sep 2000	£125,000	78.57%
17 MERMAID CLOSESemi-Detached, Freehold	17 Oct 1995	£70,000	First Sale
9 MERMAID CLOSETerraced, Freehold	09 Jun 2000	£47,500	First Sale
21 MERMAID CLOSESemi-Detached, FreeholdArea: 53 Sq.mtrAge: 1983-1990	05 Nov 1999	£53,000	29.27%
	04 Mar 1996	£41,000	First Sale
23 MERMAID CLOSESemi-Detached, Freehold	31 Oct 1997	£45,000	First Sale

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

MERMAID CLOSE, ME5 7PT Near By properties

Interactive Map

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

Terraced
- The average price is around £124,164 median price is £121,000 Standard Deviation is £65,820 with Total Sold: 2,292
- The Last 5 Year average price is £232,270 with Total Sold: 294
- The most recent sale happened at this postcode is , 17 SHACKLETON CLOSE: £264,000 (Sold on 11 Sep 2024)
- The first recorded sale happened at this postcode is , 16 CLOVER BANK VIEW: £38,500 (Sold on 06 Jan 1995)
Semi-Detached
- The average price is around £134,888 median price is £125,000 Standard Deviation is £78,630 with Total Sold: 1,054
- The Last 5 Year average price is £275,166 with Total Sold: 116
- The most recent sale happened at this postcode is , 17 MONARCH CLOSE: £320,000 (Sold on 16 Aug 2024)
- The first recorded sale happened at this postcode is , 27 TOBRUK WAY: £39,500 (Sold on 20 Jan 1995)
Flat
- The average price is around £83,875 median price is £75,000 Standard Deviation is £42,250 with Total Sold: 150
- The Last 5 Year average price is £128,795 with Total Sold: 22
- The most recent sale happened at this postcode is , 213 CHURCHILL AVENUE: £310,000 (Sold on 21 Jun 2024)
- The first recorded sale happened at this postcode is , 30 TIMBER BANK: £31,000 (Sold on 14 Mar 1995)
Detached
- The average price is around £204,970 median price is £195,000 Standard Deviation is £107,447 with Total Sold: 295
- The Last 5 Year average price is £393,117 with Total Sold: 30
- The most recent sale happened at this postcode is , 43 RAMILLIES CLOSE: £430,000 (Sold on 07 Jun 2024)
- The first recorded sale happened at this postcode is , 22 GLAMIS CLOSE: £86,000 (Sold on 09 Mar 1995)
Other
- The average price is around £635,123 median price is £201,000 Standard Deviation is £1,362,650 with Total Sold: 17
- The Last 5 Year average price is £980,289 with Total Sold: 9
- The most recent sale happened at this postcode is , PETROL FILLING STATION PRINCES AVENUE: £5,900,000 (Sold on 24 Apr 2024)
- The first recorded sale happened at this postcode is , 183B WAYFIELD ROAD: £160,000 (Sold on 05 Nov 2015)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£247,969	£4,259	16
2023	£267,472	£4,389	31
2022	£250,350	£4,247	60
2021	£226,840	£3,720	81
2020	£224,196	£3,616	51
2019	£203,623	£3,425	55
2018	£203,416	£3,519	56
2017	£209,953	£3,399	86
2016	£193,247	£3,276	66
2015	£161,970	£2,850	66
2014	£147,012	£2,547	77
2013	£128,178	£2,328	66
2012	£129,598	£2,043	55
2011	£128,198	£2,136	43
2010	£122,718	£2,188	29
2009	£123,348	£2,159	38
2008	£135,905	£2,282	42
2007	£140,529	£2,403	137
2006	£130,969	£2,303	108
2005	£127,082	£2,182	90
2004	£116,347	£2,041	119
2003	£106,238	£1,901	113
2002	£85,448	£1,513	119
2001	£69,034	£1,179	120
2000	£58,800	£1,055	145
1999	£50,123	£875	126
1998	£48,178	£830	93
1997	£44,765	£795	78
1996	£40,854	£720	65
1995	£39,743	£716	61

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£274,033	£4,803	4
2023	£299,947	£4,420	17
2022	£293,318	£4,629	22
2021	£277,383	£3,723	30
2020	£261,816	£3,566	19
2019	£248,958	£3,315	24
2018	£238,036	£3,573	28
2017	£232,205	£3,371	22
2016	£235,947	£3,184	36
2015	£203,428	£2,748	28
2014	£171,825	£2,583	20
2013	£162,550	£2,323	20
2012	£152,310	£2,060	21
2011	£152,500	£2,323	11
2010	£146,307	£2,259	13
2009	£134,272	£1,910	22
2008	£151,587	£2,075	23
2007	£154,462	£2,399	42
2006	£152,736	£2,202	55
2005	£131,616	£2,176	43
2004	£136,124	£2,004	52
2003	£117,120	£1,896	51
2002	£102,201	£1,503	75
2001	£84,874	£1,250	66
2000	£72,437	£1,108	58
1999	£58,824	£919	53
1998	£56,286	£846	48
1997	£52,278	£738	65
1996	£47,917	£685	47
1995	£47,345	£734	39

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£310,000		1
2023	£120,000	£3,750	1
2022	£124,200	£2,971	5
2021	£97,750	£2,045	2
2020	£107,000	£2,466	4
2019	£128,778	£2,857	9
2018	£130,667	£2,742	6
2017	£156,250	£2,852	2
2016	£118,583	£2,413	9
2015	£86,321	£2,045	7
2014	£88,550	£2,050	5
2013	£80,000	£1,509	1
2012	£69,000	£1,388	3
2011	£85,875	£1,517	4
2010	£75,500	£1,807	2
2009	£82,150	£1,681	5
2008	£91,464	£2,411	7
2007	£87,750	£2,239	4
2006	£86,283	£1,929	6
2005	£81,833	£1,990	3
2004	£92,286	£2,027	7
2003	£73,123	£1,443	12
2002	£65,945	£1,460	10
2001	£47,007	£1,047	12
2000	£44,686	£970	7
1999	£30,250	£841	9
1998	£39,417	£801	3
1997	£42,000	£808	1
1996	£40,000		1
1995	£29,000	£624	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£430,000		1
2023	£407,667	£4,592	6
2022	£429,250	£4,384	4
2021	£418,750	£4,241	10
2020	£332,333	£3,609	3
2019	£336,000	£3,722	6
2018	£355,056	£3,429	9
2017	£345,222	£3,375	9
2016	£329,250	£3,339	10
2015	£282,292	£2,800	12
2014	£223,500	£2,636	8
2013	£221,278	£2,282	9
2012	£253,083	£2,475	6
2011	£223,750	£2,385	4
2010	£256,649	£2,345	5
2009	£201,667	£1,743	3
2008	£230,750	£2,349	4
2007	£225,402	£2,474	14
2006	£227,188	£2,013	14
2005	£183,858	£2,207	12
2004	£214,106	£2,162	14
2003	£180,862	£2,296	11
2002	£152,704	£1,480	12
2001	£137,616	£1,229	15
2000	£136,812	£1,211	16
1999	£105,391	£1,089	23
1998	£86,535	£954	14
1997	£90,367	£836	15
1996	£83,428	£846	14
1995	£75,975	£830	12

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£5,900,000		1
2022	£614,250	£9,618	4
2021	£195,000		1
2020	£17,000		1
2019	£126,800	£2,688	2
2017	£267,333	£3,328	3
2016	£253,124	£2,727	4
2015	£160,000		1

House Type in ME5 7PT area

The most common house types in the ME5 7PT postcode area are Terraced (103), Semi-detached (20), and Detached (6).

Total	130
Terraced	103
Semi-detached	20
Detached	6
converted building	1
Flat	0
Shared house	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 (69), and Private rented: Private landlord or letting agency (36).

Owned: Owns with a mortgage or loan	69
Private rented: Private landlord or letting agency	36
Owned: Owns outright	20
Shared ownership: Shared ownership	2
Social rented: Other social rented	2
Does not apply	0
Social rented: Rents from council or Local Authority	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the ME5 7PT have 2 people in household (43), and 1 person in household (42).

2 people in household	43
1 person in household	42
3 people in household	28
4 people in household	14
5 people in household	5
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0