Housing Market Analysis for SPENCER CLOSE, ME5 7RE

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £251,867 median price is £232,750 Standard Deviation is £97,329 with Total Sold: 16
    • The Last 5 Year average price is £380,000 with Total Sold: 2
    • The most recent sale happened at this postcode is 4 SPENCER CLOSE: £460,000 (Sold on 14 Dec 2020)
    • The first recorded sale happened at this postcode is 7 SPENCER CLOSE: £88,375 (Sold on 16 May 1996)
  • Semi-Detached
    • The average price is around £134,667 median price is £90,500 Standard Deviation is £68,196 with Total Sold: 3
    • The most recent sale happened at this postcode is 2 SPENCER CLOSE: £231,000 (Sold on 15 Dec 2006)
    • The first recorded sale happened at this postcode is 2 SPENCER CLOSE: £82,500 (Sold on 17 Apr 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 7RE 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: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£380,000 £2,994 2
2017£250,000 £2,451 1
2016£363,167 £3,897 3
2014£250,000 £2,451 1
2011£218,500 £1,966 1
2007£228,500 £2,240 1
2006£225,0001
2004£222,000 £2,616 3
2002£178,0001
1997£76,0001
1996£88,375 £866 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2006£231,0001
1999£90,5001
1998£82,5001

All the Sales in the SPENCER CLOSE, ME5 7RE

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

AddressSold DatePrice% Change
4 SPENCER CLOSEDetached, FreeholdArea: 151 Sq.mtrAge: 1983-199014 Dec 2020£460,000First Sale
7 SPENCER CLOSEDetached, FreeholdArea: 102 Sq.mtrAge: 1983-199005 Oct 2020£300,00020.00%
30 Nov 2017£250,0000.0
19 Sep 2014£250,0009.41%
26 Jan 2007£228,500158.56%
16 May 1996£88,375First Sale
3 SPENCER CLOSEDetached, FreeholdArea: 93 Sq.mtrAge: 1983-199022 Sep 2016£367,500First Sale
11 SPENCER CLOSEDetached, FreeholdArea: 86 Sq.mtrAge: 1983-199015 Jun 2016£362,00060.89%
25 Jun 2004£225,000First Sale
17 SPENCER CLOSEDetached, FreeholdArea: 102 Sq.mtrAge: 1983-199008 Jun 2016£360,000First Sale
6 SPENCER CLOSEDetached, FreeholdArea: 111.14 Sq.mtrAge: 1983-199007 Oct 2011£218,500First Sale
2 SPENCER CLOSESemi-Detached, Freehold15 Dec 2006£231,000155.25%
14 Jan 1999£90,5009.70%
17 Apr 1998£82,500First Sale
1 SPENCER CLOSEDetached, Freehold14 Dec 2006£225,00010.29%
23 Apr 2004£204,000168.42%
09 May 1997£76,000First Sale
16 SPENCER CLOSEDetached, Freehold03 Dec 2004£237,000First Sale
8 SPENCER CLOSEDetached, Freehold23 Aug 2002£178,000First Sale

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

SPENCER CLOSE, ME5 7RE Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £161,464 median price is £152,500 Standard Deviation is £90,320 with Total Sold: 937
    • The Last 5 Year average price is £308,621 with Total Sold: 136
    • The most recent sale happened at this postcode is , 9 EARL CLOSE: £330,000 (Sold on 18 Sep 2024)
    • The first recorded sale happened at this postcode is , 39 MEADOW CLOSE: £62,000 (Sold on 27 Jan 1995)
  • Detached
    • The average price is around £216,097 median price is £210,000 Standard Deviation is £106,395 with Total Sold: 745
    • The Last 5 Year average price is £380,148 with Total Sold: 96
    • The most recent sale happened at this postcode is , 53 HIGHGROVE ROAD: £487,000 (Sold on 31 Jul 2024)
    • The first recorded sale happened at this postcode is , 48 GATCOMBE CLOSE: £72,000 (Sold on 20 Jan 1995)
  • Terraced
    • The average price is around £139,098 median price is £132,750 Standard Deviation is £72,972 with Total Sold: 1,248
    • The Last 5 Year average price is £246,624 with Total Sold: 191
    • The most recent sale happened at this postcode is , 22 RESOLUTION CLOSE: £242,000 (Sold on 09 Jul 2024)
    • The first recorded sale happened at this postcode is , 127 PRINCES AVENUE: £38,000 (Sold on 06 Jan 1995)
  • Flat
    • The average price is around £93,936 median price is £80,000 Standard Deviation is £57,809 with Total Sold: 91
    • The Last 5 Year average price is £140,833 with Total Sold: 15
    • The most recent sale happened at this postcode is , 35 SCOTBY AVENUE: £225,000 (Sold on 30 Nov 2023)
    • The first recorded sale happened at this postcode is FLAT 4, PINE HOUSE GORSE AVENUE: £15,500 (Sold on 04 Sep 1995)
  • Other
    • The average price is around £205,562 median price is £120,000 Standard Deviation is £206,996 with Total Sold: 8
    • The Last 5 Year average price is £535,000 with Total Sold: 2
    • The most recent sale happened at this postcode is , 39 RAMILLIES CLOSE: £415,000 (Sold on 16 Dec 2022)
    • The first recorded sale happened at this postcode is , 62 SILVERWEED ROAD: £50,000 (Sold on 01 May 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£344,667 £3,999 12
2023£323,679 £4,228 14
2022£341,339 £3,934 28
2021£306,229 £3,673 35
2020£280,913 £3,641 23
2019£273,688 £3,553 24
2018£271,167 £3,555 21
2017£270,214 £3,402 21
2016£248,467 £3,123 27
2015£221,650 £2,702 28
2014£187,999 £2,509 17
2013£177,000 £2,278 19
2012£166,545 £1,907 11
2011£169,279 £2,165 17
2010£178,412 £2,078 17
2009£157,861 £1,983 18
2008£191,333 £2,467 15
2007£178,953 £2,370 50
2006£167,669 £2,137 46
2005£163,717 £2,110 37
2004£151,521 £2,035 45
2003£145,206 £1,949 48
2002£117,158 £1,485 49
2001£100,670 £1,286 44
2000£86,520 £1,063 42
1999£75,240 £927 59
1998£67,630 £849 49
1997£58,611 £771 47
1996£58,835 £676 41
1995£54,288 £728 33
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£421,250 £3,740 8
2023£387,433 £4,313 15
2022£428,273 £4,279 11
2021£360,179 £3,640 21
2020£356,594 £3,469 16
2019£373,300 £3,423 25
2018£352,553 £3,547 19
2017£346,052 £3,272 19
2016£308,722 £3,207 32
2015£277,688 £2,778 24
2014£252,525 £2,284 20
2013£246,609 £2,133 23
2012£213,321 £2,157 14
2011£204,947 £2,275 19
2010£245,016 £2,223 15
2009£206,708 £1,911 12
2008£242,950 £2,539 10
2007£241,250 £2,515 36
2006£228,292 £2,251 45
2005£221,791 £2,174 35
2004£210,111 £2,069 38
2003£201,473 £2,002 21
2002£172,914 £1,824 27
2001£140,832 £1,421 46
2000£124,467 £1,205 38
1999£101,833 £1,062 41
1998£88,700 £918 30
1997£86,803 £870 32
1996£78,828 £827 27
1995£74,529 £811 26
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£234,000 £4,386 8
2023£268,775 £4,067 36
2022£272,044 £4,022 45
2021£241,675 £3,534 40
2020£216,067 £3,264 26
2019£223,069 £3,225 36
2018£223,193 £3,302 35
2017£228,197 £3,097 32
2016£200,406 £3,061 48
2015£182,632 £2,692 40
2014£157,564 £2,441 39
2013£136,022 £2,109 34
2012£138,328 £1,969 28
2011£140,886 £1,988 22
2010£145,495 £2,110 22
2009£140,472 £2,086 18
2008£152,115 £2,221 26
2007£150,598 £2,374 66
2006£147,536 £2,168 65
2005£134,165 £1,992 54
2004£125,031 £1,970 64
2003£113,166 £1,808 57
2002£97,287 £1,509 59
2001£75,184 £1,153 69
2000£65,748 £1,041 58
1999£55,599 £843 67
1998£51,511 £805 43
1997£48,209 £776 57
1996£43,473 £689 19
1995£44,044 £666 35
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£177,500 £3,226 4
2022£133,200 £2,633 5
2021£146,750 £4,372 2
2020£126,500 £3,509 2
2019£95,000 £2,310 2
2018£195,000 £2,779 5
2017£196,250 £2,856 6
2016£123,167 £2,616 3
2015£68,500 £1,468 2
2014£82,498 £1,885 2
2013£80,000 £1,798 2
2012£107,500 £2,676 2
2009£88,750 £1,710 2
2008£87,000 £1,673 2
2007£86,5002
2006£79,833 £1,829 6
2005£86,333 £1,855 3
2004£94,500 £1,758 3
2003£72,363 £1,852 10
2002£60,200 £1,390 5
2001£37,548 £1,163 7
2000£43,749 £981 4
1999£24,150 £412 5
1998£21,333 £512 3
1996£28,000 £651 1
1995£15,500 £316 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£415,000 £5,461 1
2020£655,000 £9,924 1
2018£120,0002
2017£114,750 £1,877 2
2015£52,5002

House Type in ME5 7RE area

The most common house types in the ME5 7RE postcode area are Detached (42), Terraced (34), and Semi-detached (22).

Total99
Detached42
Terraced34
Semi-detached22
Shared house1
Flat0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (56), and Owned: Owns outright (32).

Owned: Owns with a mortgage or loan56
Owned: Owns outright32
Private rented: Private landlord or letting agency9
Shared ownership: Shared ownership1
Social rented: Rents from council or Local Authority1
Social rented: Other social rented1
Does not apply0
Private rented: Other private rented0
Lives rent free0

Number of People in a Household

The most houses in the ME5 7RE have 2 people in household (29), and 4 people in household (27).

2 people in household29
4 people in household27
3 people in household15
5 people in household12
1 person in household10
6 people in household6
7 people in household3
0 people in household0
8 or more people in household0