Housing Market Analysis for SPITFIRE CLOSE, ME5 7QP

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

Overview of Sold House prices

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

Terraced
- The average price is around £132,249 median price is £128,500 Standard Deviation is £66,815 with Total Sold: 38
- The Last 5 Year average price is £254,250 with Total Sold: 4
- The most recent sale happened at this postcode is 43 SPITFIRE CLOSE: £290,000 (Sold on 25 Aug 2023)
- The first recorded sale happened at this postcode is 47 SPITFIRE CLOSE: £42,995 (Sold on 15 Jan 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 7QP 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
2023	£290,000	£3,222	1
2022	£278,000	£3,170	1
2019	£224,500	£2,335	2
2018	£216,750	£2,399	2
2017	£245,000	£2,663	1
2016	£195,000	£2,167	1
2015	£177,500	£1,877	2
2014	£141,000	£1,533	2
2012	£136,250	£1,544	2
2010	£115,000	£1,311	1
2007	£140,000	£1,457	2
2006	£125,286	£1,492	7
2004	£122,000		1
2003	£125,000		1
2002	£67,000	£728	1
2001	£77,000	£837	1
2000	£68,998	£717	3
1999	£57,165	£604	3
1998	£48,498	£533	2
1997	£44,000		1
1996	£42,995		1

All the Sales in the SPITFIRE CLOSE, ME5 7QP

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

Address	Sold Date	Price	% Change
43 SPITFIRE CLOSETerraced, FreeholdArea: 90 Sq.mtrAge: 1950-1966	25 Aug 2023	£290,000	31.22%
	10 Apr 2019	£221,000	First Sale
50 SPITFIRE CLOSETerraced, FreeholdArea: 87.7 Sq.mtrAge: 1950-1966	30 Nov 2022	£278,000	141.74%
	29 Nov 2010	£115,000	First Sale
44 SPITFIRE CLOSETerraced, FreeholdArea: 103 Sq.mtrAge: 1967-1975	23 Aug 2019	£228,000	30.29%
	15 May 2015	£175,000	First Sale
56 SPITFIRE CLOSETerraced, FreeholdArea: 89 Sq.mtrAge: 1950-1966	13 Jul 2018	£233,500	371.72%
	30 Apr 1999	£49,500	First Sale
54 SPITFIRE CLOSETerraced, FreeholdArea: 92 Sq.mtrAge: 1967-1975	01 Jun 2018	£200,000	210.08%
	03 Feb 2000	£64,500	First Sale
66 SPITFIRE CLOSETerraced, FreeholdArea: 92 Sq.mtrAge: 1967-1975	10 Nov 2017	£245,000	53.12%
	30 Jul 2014	£160,000	23.08%
	07 Jun 2006	£130,000	68.83%
	01 Aug 2001	£77,000	14.07%
	30 Jun 2000	£67,500	37.76%
	24 Jun 1998	£49,000	First Sale
64 SPITFIRE CLOSETerraced, FreeholdArea: 90 Sq.mtrAge: 1967-1975	14 Oct 2016	£195,000	40.29%
	13 Oct 2006	£139,000	First Sale
41 SPITFIRE CLOSETerraced, FreeholdArea: 87.61 Sq.mtrAge: 1976-1982	24 Apr 2015	£180,000	35.85%
	30 May 2012	£132,500	First Sale
61 SPITFIRE CLOSETerraced, FreeholdArea: 92 Sq.mtrAge: 1976-1982	20 Jan 2014	£122,000	-8.96%
	31 Jan 2007	£134,000	100.00%
	03 May 2002	£67,000	First Sale
58 SPITFIRE CLOSETerraced, FreeholdArea: 88.82 Sq.mtrAge: 1950-1966	14 Feb 2012	£140,000	1.82%
	05 Dec 2006	£137,500	First Sale
46 SPITFIRE CLOSETerraced, Freehold	16 Mar 2007	£146,000	21.67%
	20 Nov 2006	£120,000	-4.00%
	14 Oct 2003	£125,000	66.68%
	19 Dec 2000	£74,995	17.18%
	29 Oct 1999	£64,000	First Sale
62 SPITFIRE CLOSETerraced, Freehold	17 Nov 2006	£143,500	226.14%
62 SPITFIRE CLOSETerraced, Freehold	04 Feb 1997	£44,000	First Sale
48 SPITFIRE CLOSETerraced, Freehold	04 Apr 2006	£80,000	First Sale
59 SPITFIRE CLOSETerraced, FreeholdArea: 89 Sq.mtrAge: 1967-1975	24 Feb 2006	£127,000	118.98%
	08 Oct 1999	£57,995	First Sale
47 SPITFIRE CLOSETerraced, Freehold	28 Jan 2004	£122,000	154.19%
	22 Jun 1998	£47,995	11.63%
	15 Jan 1996	£42,995	First Sale

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

SPITFIRE CLOSE, ME5 7QP Near By properties

Interactive Map

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

Terraced
- The average price is around £125,797 median price is £123,000 Standard Deviation is £67,619 with Total Sold: 1,906
- The Last 5 Year average price is £238,572 with Total Sold: 250
- 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 £136,329 median price is £125,000 Standard Deviation is £82,019 with Total Sold: 922
- The Last 5 Year average price is £281,093 with Total Sold: 99
- 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 , 8 CHRISTIE CLOSE: £37,015 (Sold on 27 Jan 1995)
Detached
- The average price is around £240,351 median price is £224,998 Standard Deviation is £128,859 with Total Sold: 452
- The Last 5 Year average price is £450,331 with Total Sold: 65
- The most recent sale happened at this postcode is , 19 RYEGRASS CLOSE: £645,000 (Sold on 09 Aug 2024)
- The first recorded sale happened at this postcode is , 43 BARLEYMOW CLOSE: £120,000 (Sold on 20 Jan 1995)
Other
- The average price is around £1,137,825 median price is £361,000 Standard Deviation is £1,859,231 with Total Sold: 8
- The Last 5 Year average price is £1,606,120 with Total Sold: 5
- 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 , 268A LORDS WOOD LANE: £420,000 (Sold on 16 Nov 2016)
Flat
- The average price is around £79,969 median price is £71,625 Standard Deviation is £31,263 with Total Sold: 74
- The Last 5 Year average price is £110,700 with Total Sold: 10
- The most recent sale happened at this postcode is , 49 DOVE CLOSE: £112,000 (Sold on 06 Jul 2022)
- The first recorded sale happened at this postcode is , 44 DOVE CLOSE: £40,000 (Sold on 10 May 1996)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£261,750	£3,011	12
2023	£264,344	£4,278	28
2022	£262,269	£4,031	52
2021	£231,246	£3,715	61
2020	£230,602	£3,506	44
2019	£211,505	£3,361	53
2018	£212,211	£3,467	44
2017	£210,164	£3,311	70
2016	£195,184	£3,222	48
2015	£166,974	£2,780	58
2014	£149,351	£2,443	64
2013	£131,561	£2,167	61
2012	£131,455	£2,033	40
2011	£127,075	£2,040	30
2010	£123,486	£2,114	18
2009	£124,449	£2,190	25
2008	£138,211	£2,179	38
2007	£143,644	£2,352	112
2006	£132,925	£2,211	92
2005	£125,040	£2,130	74
2004	£119,869	£2,001	97
2003	£110,264	£1,884	99
2002	£85,775	£1,500	92
2001	£71,114	£1,187	98
2000	£61,154	£1,040	115
1999	£50,530	£850	110
1998	£50,346	£814	90
1997	£44,925	£782	67
1996	£41,667	£704	59
1995	£40,359	£699	55

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£298,250	£4,785	4
2023	£299,750	£4,457	14
2022	£285,350	£4,736	20
2021	£295,104	£3,936	24
2020	£272,260	£3,805	20
2019	£247,294	£3,487	17
2018	£245,667	£3,715	24
2017	£236,559	£3,640	17
2016	£237,396	£3,262	28
2015	£200,152	£2,785	23
2014	£185,513	£2,626	20
2013	£160,353	£2,397	17
2012	£154,500	£2,242	16
2011	£149,708	£2,372	12
2010	£155,538	£2,328	13
2009	£148,666	£2,081	18
2008	£177,944	£2,092	18
2007	£162,924	£2,493	34
2006	£157,754	£2,161	51
2005	£135,147	£2,218	34
2004	£143,044	£2,029	44
2003	£120,391	£1,981	39
2002	£104,979	£1,523	65
2001	£87,334	£1,253	59
2000	£77,300	£1,119	57
1999	£58,725	£958	41
1998	£55,822	£863	42
1997	£54,565	£760	63
1996	£49,567	£689	49
1995	£49,300	£775	39

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£437,286	£6,250	7
2023	£472,500	£4,249	7
2022	£482,222	£4,657	9
2021	£464,167	£3,821	18
2020	£441,833	£3,709	12
2019	£408,833	£3,408	12
2018	£374,962	£3,499	13
2017	£371,692	£3,522	13
2016	£351,818	£3,452	11
2015	£273,273	£2,988	11
2014	£240,416	£2,857	12
2013	£238,875	£2,292	12
2012	£262,423	£2,294	13
2011	£257,750	£2,269	8
2010	£275,364	£2,305	11
2009	£251,500	£1,653	4
2008	£219,712	£1,801	8
2007	£264,568	£2,506	22
2006	£251,216	£2,076	33
2005	£211,018	£1,776	16
2004	£215,737	£2,213	21
2003	£207,933	£1,961	15
2002	£186,217	£1,670	23
2001	£138,011	£1,360	21
2000	£156,571	£1,132	14
1999	£127,843	£1,128	29
1998	£109,277	£1,039	18
1997	£97,690	£928	21
1996	£98,932	£776	22
1995	£84,669	£864	16

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£5,900,000		1
2022	£966,000	£11,697	2
2021	£195,000		1
2019	£3,600		1
2017	£326,000	£3,655	2
2016	£420,000	£2,727	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£112,333	£2,110	3
2021	£90,000	£2,045	1
2020	£87,500	£1,944	2
2019	£126,250	£2,442	4
2018	£90,000	£1,832	2
2017	£161,250	£2,875	2
2016	£125,250	£2,545	3
2015	£71,312	£1,556	4
2014	£80,917	£1,754	3
2013	£80,000	£1,509	1
2012	£69,000	£1,388	3
2011	£85,875	£1,517	4
2010	£65,000	£1,477	1
2009	£82,150	£1,681	5
2008	£75,250	£1,583	3
2007	£88,500	£1,700	2
2006	£75,000	£1,389	1
2005	£105,000	£1,750	1
2004	£78,667	£1,512	3
2003	£67,198	£1,325	5
2002	£62,967	£1,266	9
2001	£55,150	£1,096	5
2000	£53,000	£1,205	1
1999	£35,333	£738	3
1998	£60,000	£1,154	1
1997	£42,000	£808	1
1996	£40,000		1

House Type in ME5 7QP area

The most common house types in the ME5 7QP postcode area are Terraced (84), Semi-detached (22), and Flat (9).

Total	124
Terraced	84
Semi-detached	22
Flat	9
Detached	8
temporary structure	1
Shared house	0
converted building	0
commercial building	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (47), and Owned: Owns outright (31).

Owned: Owns with a mortgage or loan	47
Owned: Owns outright	31
Social rented: Other social rented	28
Social rented: Rents from council or Local Authority	9
Private rented: Private landlord or letting agency	7
Private rented: Other private rented	2
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the ME5 7QP have 2 people in household (34), and 1 person in household (29).

2 people in household	34
1 person in household	29
4 people in household	24
3 people in household	23
5 people in household	13
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0