Housing Market Analysis for HOPEWELL DRIVE, ME5 7PY

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

Overview of Sold House prices

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

  • Other
    • The average price is around £6,418,202 median price is £6,418,202 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £6,418,202 with Total Sold: 1
    • The most recent sale happened at this postcode is 96 HOPEWELL DRIVE: £6,418,202 (Sold on 14 Feb 2023)
    • The first recorded sale happened at this postcode is 96 HOPEWELL DRIVE: £6,418,202 (Sold on 14 Feb 2023)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 7PY 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
2023£6,418,2021

All the Sales in the HOPEWELL DRIVE, ME5 7PY

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

AddressSold DatePrice% Change
96 HOPEWELL DRIVEOther, FreeholdAge: 14 Feb 2023£6,418,202First Sale

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

HOPEWELL DRIVE, ME5 7PY Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £153,403 median price is £140,000 Standard Deviation is £88,547 with Total Sold: 916
    • The Last 5 Year average price is £277,546 with Total Sold: 174
    • The most recent sale happened at this postcode is , 33 MILL LANE: £265,000 (Sold on 21 Jun 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 £132,872 median price is £122,000 Standard Deviation is £70,180 with Total Sold: 783
    • The Last 5 Year average price is £232,392 with Total Sold: 139
    • The most recent sale happened at this postcode is , 67 DEVON CLOSE: £195,000 (Sold on 24 Apr 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 £80,057 median price is £79,500 Standard Deviation is £38,984 with Total Sold: 343
    • The Last 5 Year average price is £124,672 with Total Sold: 66
    • The most recent sale happened at this postcode is FLAT 3, KINGSDALE COURT HOPEWELL DRIVE: £85,000 (Sold on 22 Mar 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 £204,954 median price is £195,000 Standard Deviation is £97,155 with Total Sold: 111
    • The Last 5 Year average price is £316,104 with Total Sold: 19
    • 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 £775,375 median price is £260,000 Standard Deviation is £1,462,157 with Total Sold: 26
    • The Last 5 Year average price is £660,094 with Total Sold: 16
    • 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£256,8508
2023£287,323 £3,995 31
2022£312,415 £3,731 33
2021£278,329 £3,394 47
2020£270,749 £3,284 30
2019£232,700 £3,100 25
2018£247,083 £3,157 36
2017£239,565 £3,282 23
2016£223,252 £2,939 25
2015£202,362 £2,462 40
2014£174,557 £2,372 24
2013£143,367 £2,071 15
2012£144,367 £2,004 15
2011£138,583 £1,985 12
2010£142,292 £2,006 12
2009£138,384 £1,831 19
2008£157,240 £2,053 21
2007£167,688 £2,142 45
2006£147,109 £2,050 32
2005£131,153 £2,121 31
2004£137,116 £1,805 30
2003£121,959 £1,715 36
2002£100,341 £1,286 60
2001£73,592 £1,054 41
2000£71,046 £942 36
1999£56,076 £856 38
1998£55,106 £715 44
1997£52,539 £709 49
1996£44,628 £617 30
1995£51,750 £591 28
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£240,000 £2,841 3
2023£249,063 £3,925 13
2022£246,769 £3,548 27
2021£248,500 £3,408 28
2020£228,352 £2,675 34
2019£204,706 £3,045 34
2018£216,025 £3,145 20
2017£199,607 £2,861 28
2016£195,533 £2,785 30
2015£153,480 £2,502 25
2014£146,593 £2,151 21
2013£127,611 £1,882 27
2012£129,857 £1,967 14
2011£117,235 £1,613 17
2010£116,200 £1,796 10
2009£122,911 £1,545 17
2008£138,605 £1,713 19
2007£130,758 £2,097 46
2006£127,786 £1,780 45
2005£118,776 £1,780 28
2004£115,731 £1,838 34
2003£106,478 £1,449 38
2002£81,761 £1,218 37
2001£65,218 £966 49
2000£57,260 £767 39
1999£48,030 £673 31
1998£41,839 £601 19
1997£44,322 £582 18
1996£41,085 £518 15
1995£40,000 £635 17
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£75,500 £2,168 2
2023£120,542 £2,385 12
2022£116,500 £2,499 15
2021£143,142 £2,669 24
2020£112,143 £2,432 7
2019£110,493 £2,573 6
2018£109,389 £2,400 9
2017£114,292 £2,347 13
2016£96,800 £2,324 15
2015£72,111 £1,890 9
2014£73,707 £1,545 14
2013£62,000 £1,342 2
2012£62,807 £1,444 5
2011£81,500 £1,794 5
2010£76,000 £1,920 3
2009£93,062 £1,706 4
2008£108,556 £2,156 9
2007£98,333 £2,111 18
2006£83,816 £2,177 19
2005£90,317 £1,942 11
2004£85,483 £1,950 18
2003£71,100 £1,651 20
2002£48,611 £1,068 20
2001£46,499 £1,096 18
2000£38,862 £986 21
1999£28,815 £634 15
1998£32,074 £703 10
1997£26,611 £541 9
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£339,998 £3,963 4
2021£323,399 £3,578 5
2020£319,199 £3,400 5
2019£277,667 £3,693 3
2018£326,167 £3,476 6
2017£301,071 £3,041 7
2016£266,700 £3,663 5
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£187,833 £1,332 3
2005£119,000 £2,429 1
2004£158,999 £2,299 4
2003£230,800 £935 5
2002£135,141 £1,488 7
2001£132,749 £1,381 6
2000£131,500 £1,164 2
1999£82,999 £1,051 9
1998£82,167 £1,392 3
1997£94,299 £588 5
1996£79,167 £796 3
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£1,784,5504
2022£167,5004
2021£350,0001
2020£580,0002
2019£248,659 £2,907 5
2018£1,950,500 £32,967 4
2017£295,0002
2016£277,083 £1,604 3
2015£375,0001

House Type in ME5 7PY area

The most common house types in the ME5 7PY 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 7PY 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