Housing Market Analysis for SOMERSET CLOSE, ME5 7SL

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

Overview of Sold House prices

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

  • Terraced
    • The average price is around £82,658 median price is £53,000 Standard Deviation is £52,873 with Total Sold: 6
    • The most recent sale happened at this postcode is 4 SOMERSET CLOSE: £159,950 (Sold on 24 Oct 2014)
    • The first recorded sale happened at this postcode is 6 SOMERSET CLOSE: £36,000 (Sold on 30 May 1997)
  • Semi-Detached
    • The average price is around £47,500 median price is £47,500 Standard Deviation is £2,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 10 SOMERSET CLOSE: £50,000 (Sold on 15 Oct 1999)
    • The first recorded sale happened at this postcode is 10 SOMERSET CLOSE: £45,000 (Sold on 06 Apr 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 7SL 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
YearAvg. PriceAvg. Price/Sq. mtrSold
2014£159,950 £1,290 1
2008£152,995 £1,681 1
2001£62,500 £687 1
1998£43,500 £489 1
1997£38,500 £428 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
1999£50,000 £554 1
1995£45,000 £499 1

All the Sales in the SOMERSET CLOSE, ME5 7SL

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

AddressSold DatePrice% Change
4 SOMERSET CLOSETerraced, FreeholdArea: 124 Sq.mtrAge: 1976-198224 Oct 2014£159,950First Sale
8 SOMERSET CLOSETerraced, FreeholdArea: 91 Sq.mtrAge: 1967-197515 Feb 2008£152,995144.79%
03 Apr 2001£62,50052.44%
10 Sep 1997£41,000First Sale
10 SOMERSET CLOSESemi-Detached, FreeholdArea: 90.24 Sq.mtr15 Oct 1999£50,00011.11%
06 Apr 1995£45,000First Sale
6 SOMERSET CLOSETerraced, FreeholdArea: 89 Sq.mtrAge: 1930-194925 Nov 1998£43,50020.83%
30 May 1997£36,000First Sale

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

SOMERSET CLOSE, ME5 7SL Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £149,710 median price is £138,500 Standard Deviation is £84,575 with Total Sold: 888
    • The Last 5 Year average price is £270,631 with Total Sold: 143
    • 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 £135,146 median price is £124,500 Standard Deviation is £71,715 with Total Sold: 743
    • The Last 5 Year average price is £240,358 with Total Sold: 133
    • The most recent sale happened at this postcode is , 73 KINGFISHER DRIVE: £290,000 (Sold on 16 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 £77,074 median price is £78,000 Standard Deviation is £37,072 with Total Sold: 187
    • The Last 5 Year average price is £113,053 with Total Sold: 37
    • 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 £234,026 median price is £200,000 Standard Deviation is £134,496 with Total Sold: 129
    • The Last 5 Year average price is £434,306 with Total Sold: 18
    • The most recent sale happened at this postcode is , 34 BARLEYMOW CLOSE: £610,000 (Sold on 14 Mar 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 £1,716,128 median price is £375,000 Standard Deviation is £2,316,837 with Total Sold: 7
    • The Last 5 Year average price is £1,768,224 with Total Sold: 4
    • 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 , 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£245,530 £3,488 10
2023£291,793 £4,049 29
2022£307,739 £3,837 24
2021£267,097 £3,394 33
2020£255,023 £3,322 22
2019£238,900 £3,068 25
2018£248,631 £3,155 38
2017£241,565 £3,217 23
2016£231,572 £2,947 25
2015£205,085 £2,475 41
2014£176,057 £2,361 24
2013£143,367 £2,071 15
2012£145,200 £2,024 15
2011£141,083 £2,033 12
2010£142,708 £2,034 12
2009£140,647 £1,804 19
2008£168,615 £2,060 20
2007£169,155 £2,144 45
2006£149,500 £2,064 32
2005£131,798 £2,094 31
2004£141,671 £1,876 29
2003£126,517 £1,729 34
2002£102,764 £1,331 60
2001£76,616 £1,102 40
2000£73,952 £939 38
1999£56,261 £857 38
1998£54,440 £695 47
1997£52,597 £704 51
1996£45,582 £605 30
1995£52,231 £588 26
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£262,500 £2,841 8
2023£258,739 £3,832 16
2022£256,790 £3,517 25
2021£252,446 £3,436 28
2020£225,048 £2,771 21
2019£214,671 £2,986 35
2018£228,471 £3,266 17
2017£207,722 £2,873 27
2016£194,759 £2,786 27
2015£159,454 £2,603 22
2014£149,066 £2,113 22
2013£128,625 £1,857 28
2012£128,792 £1,982 12
2011£123,482 £1,578 14
2010£122,250 £1,883 8
2009£117,846 £1,518 13
2008£151,029 £1,823 17
2007£132,974 £2,085 44
2006£129,459 £1,788 35
2005£125,999 £1,830 23
2004£118,353 £1,771 35
2003£109,395 £1,440 40
2002£81,991 £1,205 37
2001£67,479 £983 43
2000£59,174 £769 44
1999£51,410 £682 28
1998£45,893 £641 21
1997£44,779 £573 19
1996£41,685 £514 15
1995£38,842 £611 19
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£76,167 £2,168 3
2023£118,562 £2,355 8
2022£109,833 £2,243 9
2021£126,939 £2,436 9
2020£112,143 £2,432 7
2019£90,000 £2,093 1
2018£109,600 £2,405 5
2017£114,500 £2,164 5
2016£82,583 £1,884 6
2015£75,400 £1,510 5
2014£69,328 £1,468 9
2013£62,000 £1,342 2
2012£63,875 £1,416 4
2011£91,000 £1,811 4
2009£93,062 £1,706 4
2008£114,000 £1,914 4
2007£96,917 £2,007 12
2006£93,625 £1,964 8
2005£90,248 £1,993 6
2004£93,222 £1,807 9
2003£69,181 £1,392 11
2002£46,373 £903 10
2001£46,357 £1,005 7
2000£42,194 £892 9
1999£28,103 £615 12
1998£28,964 £649 7
1997£24,200 £531 5
1996£29,648 £676 3
1995£23,250 £515 3
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£451,0002
2023£625,000 £3,765 1
2022£536,667 £4,527 3
2021£393,750 £4,120 4
2020£413,333 £2,788 3
2019£373,100 £3,395 5
2018£382,500 £3,421 4
2017£330,000 £3,121 8
2016£320,400 £3,552 5
2015£275,250 £3,070 4
2014£214,998 £2,721 2
2013£213,125 £2,062 8
2012£212,167 £1,528 6
2011£257,167 £1,968 3
2010£271,667 £2,244 3
2009£248,500 £1,679 2
2008£315,000 £1,898 1
2007£255,750 £2,296 4
2006£237,700 £1,452 5
2005£184,667 £1,989 3
2004£150,332 £2,299 3
2003£223,166 £1,418 6
2002£153,999 £1,457 9
2001£116,124 £1,304 8
2000£144,833 £1,164 3
1999£103,745 £984 12
1998£94,332 £828 3
1997£84,665 £697 3
1996£97,100 £677 5
1995£120,000 £648 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£6,418,2021
2019£218,232 £2,907 3
2018£4,055,000 £32,967 1
2016£510,0001
2015£375,0001

House Type in ME5 7SL area

The most common house types in the ME5 7SL postcode area are Flat (49), Terraced (46), and Semi-detached (21).

Total118
Flat49
Terraced46
Semi-detached21
Detached2
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 (48), and Owned: Owns with a mortgage or loan (24).

Social rented: Other social rented48
Owned: Owns with a mortgage or loan24
Social rented: Rents from council or Local Authority18
Owned: Owns outright14
Private rented: Private landlord or letting agency13
Private rented: Other private rented1
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the ME5 7SL have 1 person in household (51), and 2 people in household (31).

1 person in household51
2 people in household31
4 people in household20
3 people in household7
5 people in household5
7 people in household1
0 people in household0
6 people in household0
8 or more people in household0