Housing Market Analysis for SOMERSET CLOSE, ME5 7SN

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

Overview of Sold House prices

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

Flat
- The average price is around £99,699 median price is £115,000 Standard Deviation is £29,807 with Total Sold: 5
- The Last 5 Year average price is £127,500 with Total Sold: 2
- The most recent sale happened at this postcode is 11 SOMERSET CLOSE: £135,000 (Sold on 29 Jun 2023)
- The first recorded sale happened at this postcode is 3 SOMERSET CLOSE: £59,995 (Sold on 22 May 2002)
Terraced
- The average price is around £108,587 median price is £108,000 Standard Deviation is £49,558 with Total Sold: 17
- The Last 5 Year average price is £215,000 with Total Sold: 1
- The most recent sale happened at this postcode is 18 SOMERSET CLOSE: £215,000 (Sold on 02 Nov 2020)
- The first recorded sale happened at this postcode is 30 SOMERSET CLOSE: £39,000 (Sold on 20 Jan 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 7SN 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: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£135,000	£2,935	1
2021	£120,000	£2,609	1
2017	£115,000	£2,500	1
2003	£68,500	£1,489	1
2002	£59,995	£1,304	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£215,000	£2,389	1
2017	£230,000	£2,527	1
2009	£120,000	£1,333	1
2007	£136,000	£1,511	1
2006	£115,000		1
2005	£125,000	£1,374	1
2003	£99,749	£1,138	6
2001	£67,498	£729	3
2000	£64,995	£722	1
1995	£39,000		1

All the Sales in the SOMERSET CLOSE, ME5 7SN

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

Address	Sold Date	Price	% Change
11 SOMERSET CLOSEFlat, LeaseholdArea: 46 Sq.mtrAge: 1967-1975	29 Jun 2023	£135,000	12.50%
	29 Jul 2021	£120,000	4.35%
	28 Nov 2017	£115,000	First Sale
18 SOMERSET CLOSETerraced, FreeholdArea: 90 Sq.mtrAge: 1950-1966	02 Nov 2020	£215,000	79.17%
	09 Apr 2009	£120,000	10.60%
	24 Jan 2003	£108,500	55.01%
	26 Oct 2001	£69,995	First Sale
26 SOMERSET CLOSETerraced, FreeholdArea: 91 Sq.mtrAge: 1967-1975	30 Nov 2017	£230,000	84.00%
	16 Dec 2005	£125,000	15.74%
	10 Apr 2003	£108,000	First Sale
24 SOMERSET CLOSETerraced, FreeholdArea: 90 Sq.mtrAge: 1976-1982	22 Jun 2007	£136,000	27.10%
	10 Jan 2003	£107,000	64.63%
	22 May 2000	£64,995	First Sale
30 SOMERSET CLOSETerraced, Freehold	13 Apr 2006	£115,000	74.24%
	10 Jul 2001	£66,000	69.23%
	20 Jan 1995	£39,000	First Sale
16 SOMERSET CLOSETerraced, FreeholdArea: 97.84 Sq.mtrAge: 1967-1975	19 Dec 2003	£95,000	42.86%
	23 Nov 2001	£66,500	First Sale
14 SOMERSET CLOSETerraced, Freehold	09 Jun 2003	£60,000	First Sale
3 SOMERSET CLOSEFlat, LeaseholdArea: 46 Sq.mtrAge: 1976-1982	09 May 2003	£68,500	14.18%
	22 May 2002	£59,995	First Sale
22 SOMERSET CLOSETerraced, Freehold	10 Mar 2003	£119,995	First Sale

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

SOMERSET CLOSE, ME5 7SN Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £149,686 median price is £137,500 Standard Deviation is £90,949 with Total Sold: 819
- The Last 5 Year average price is £276,023 with Total Sold: 132
- 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 £137,615 median price is £125,000 Standard Deviation is £73,688 with Total Sold: 712
- The Last 5 Year average price is £241,939 with Total Sold: 129
- 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 £202,301 median price is £184,000 Standard Deviation is £114,992 with Total Sold: 86
- The Last 5 Year average price is £353,200 with Total Sold: 10
- The most recent sale happened at this postcode is , 18 SHERIDAN CLOSE: £292,000 (Sold on 04 Jan 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 £1,710,414 median price is £375,000 Standard Deviation is £2,320,394 with Total Sold: 7
- The Last 5 Year average price is £1,758,224 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£239,478		9
2023	£289,846	£4,081	26
2022	£317,549	£3,836	25
2021	£264,187	£3,438	27
2020	£263,935	£3,326	23
2019	£254,614	£3,170	22
2018	£259,543	£3,149	35
2017	£238,350	£3,230	20
2016	£225,062	£2,933	21
2015	£204,197	£2,464	38
2014	£173,307	£2,332	24
2013	£143,367	£2,071	15
2012	£146,654	£2,013	13
2011	£162,547	£1,987	15
2010	£173,409	£2,015	11
2009	£138,786	£1,891	14
2008	£151,050	£2,039	16
2007	£169,749	£2,088	40
2006	£150,655	£2,056	29
2005	£132,591	£2,143	30
2004	£137,191	£1,903	26
2003	£124,656	£1,714	32
2002	£99,222	£1,303	54
2001	£76,728	£1,131	38
2000	£72,334	£931	32
1999	£56,470	£861	36
1998	£54,299	£687	44
1997	£52,203	£706	49
1996	£44,902	£608	30
1995	£51,640	£592	25

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£262,500	£2,841	8
2023	£261,864	£3,836	16
2022	£257,281	£3,553	24
2021	£257,089	£3,471	28
2020	£225,048	£2,771	21
2019	£213,156	£3,026	32
2018	£234,389	£3,265	18
2017	£207,269	£2,891	26
2016	£196,940	£2,868	25
2015	£169,848	£2,651	23
2014	£150,572	£2,176	20
2013	£129,160	£1,914	25
2012	£128,792	£1,982	12
2011	£135,416	£1,660	15
2010	£151,050	£2,040	10
2009	£117,846	£1,518	13
2008	£151,029	£1,823	17
2007	£133,354	£2,098	42
2006	£129,366	£1,816	33
2005	£125,142	£1,861	21
2004	£117,667	£1,798	32
2003	£109,219	£1,454	38
2002	£82,076	£1,217	35
2001	£67,479	£983	43
2000	£59,591	£789	40
1999	£52,173	£690	26
1998	£45,750	£645	19
1997	£45,488	£595	17
1996	£41,685	£514	15
1995	£39,500	£638	18

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£292,000		1
2022	£325,000	£3,758	1
2021	£460,500	£3,788	4
2020	£240,000	£3,750	1
2019	£277,667	£3,693	3
2018	£322,500	£3,708	2
2017	£297,188	£3,083	8
2016	£281,750	£3,673	4
2015	£230,333	£2,964	3
2014	£214,998	£2,721	2
2013	£209,167	£2,238	6
2012	£191,250	£1,722	4
2011	£374,250	£1,978	2
2010	£175,000	£2,024	1
2009	£177,000	£2,071	1
2007	£222,667	£2,326	3
2006	£187,833	£1,332	3
2005	£127,000	£2,080	2
2004	£150,332	£2,299	3
2003	£186,333	£935	3
2002	£140,427	£1,523	7
2001	£95,798	£1,217	5
2000	£131,500	£1,164	2
1999	£87,327	£1,048	9
1998	£81,500		2
1997	£52,998	£440	2
1996	£99,750	£796	2

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£6,418,202		1
2022	£250,000		1
2019	£182,348	£2,767	2
2018	£4,055,000	£32,967	1
2016	£510,000		1
2015	£375,000		1

House Type in ME5 7SN area

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

Total	118
Flat	49
Terraced	46
Semi-detached	21
Detached	2
Shared house	0
converted building	0
commercial building	0
temporary structure	0

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 rented	48
Owned: Owns with a mortgage or loan	24
Social rented: Rents from council or Local Authority	18
Owned: Owns outright	14
Private rented: Private landlord or letting agency	13
Private rented: Other private rented	1
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 7SN have 1 person in household (51), and 2 people in household (31).

1 person in household	51
2 people in household	31
4 people in household	20
3 people in household	7
5 people in household	5
7 people in household	1
0 people in household	0
6 people in household	0
8 or more people in household	0