Housing Market Analysis for SOMERSET CLOSE, ME5 7SW

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

Overview of Sold House prices

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

Semi-Detached
- The average price is around £150,800 median price is £150,000 Standard Deviation is £72,876 with Total Sold: 5
- The Last 5 Year average price is £245,000 with Total Sold: 1
- The most recent sale happened at this postcode is 60 SOMERSET CLOSE: £245,000 (Sold on 30 May 2024)
- The first recorded sale happened at this postcode is 64 SOMERSET CLOSE: £42,000 (Sold on 19 Dec 1997)
Terraced
- The average price is around £104,724 median price is £63,972 Standard Deviation is £77,466 with Total Sold: 10
- The Last 5 Year average price is £275,000 with Total Sold: 1
- The most recent sale happened at this postcode is 40 SOMERSET CLOSE: £275,000 (Sold on 23 Feb 2024)
- The first recorded sale happened at this postcode is 50 SOMERSET CLOSE: £47,000 (Sold on 15 Sep 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 7SW 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: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£245,000		1
2018	£212,000	£2,232	1
2014	£150,000	£1,648	1
2003	£105,000	£1,215	1
1997	£42,000		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£275,000		1
2017	£218,000	£2,344	1
2012	£125,000	£1,344	1
2005	£116,000	£1,247	1
2004	£60,000	£645	1
2001	£45,625	£746	2
2000	£57,495	£599	2
1999	£47,000	£505	1

All the Sales in the SOMERSET CLOSE, ME5 7SW

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

Address	Sold Date	Price	% Change
60 SOMERSET CLOSESemi-Detached, Freehold	30 May 2024	£245,000	15.57%
60 SOMERSET CLOSESemi-Detached, Freehold	19 Jan 2018	£212,000	First Sale
40 SOMERSET CLOSETerraced, Freehold	23 Feb 2024	£275,000	26.15%
	11 Aug 2017	£218,000	74.40%
	12 Oct 2012	£125,000	7.76%
	20 Sep 2005	£116,000	First Sale
62 SOMERSET CLOSESemi-Detached, FreeholdArea: 91 Sq.mtrAge: 1950-1966	18 Jul 2014	£150,000	First Sale
50 SOMERSET CLOSETerraced, FreeholdArea: 93 Sq.mtrAge: 1950-1966	15 Dec 2004	£60,000	27.66%
	15 Sep 1999	£47,000	First Sale
38 SOMERSET CLOSESemi-Detached, FreeholdArea: 86.4 Sq.mtrAge: 1967-1975	06 Jan 2003	£105,000	First Sale
72 SOMERSET CLOSETerraced, Freehold	01 Oct 2001	£25,300	First Sale
54 SOMERSET CLOSETerraced, FreeholdArea: 88.4 Sq.mtrAge: 1950-1966	20 Aug 2001	£65,950	24.45%
	04 Feb 2000	£52,995	First Sale
65 SOMERSET CLOSETerraced, Freehold	23 Jun 2000	£61,995	First Sale
64 SOMERSET CLOSESemi-Detached, Freehold	19 Dec 1997	£42,000	First Sale

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

SOMERSET CLOSE, ME5 7SW Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £148,660 median price is £136,000 Standard Deviation is £91,630 with Total Sold: 731
- The Last 5 Year average price is £272,921 with Total Sold: 120
- 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 £137,455 median price is £125,000 Standard Deviation is £71,908 with Total Sold: 640
- The Last 5 Year average price is £236,326 with Total Sold: 115
- 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 £75,988 median price is £77,500 Standard Deviation is £33,773 with Total Sold: 299
- The Last 5 Year average price is £109,794 with Total Sold: 49
- 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 £203,175 median price is £184,500 Standard Deviation is £117,185 with Total Sold: 94
- The Last 5 Year average price is £362,700 with Total Sold: 10
- 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 £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	£280,727	£4,021	22
2022	£314,947	£3,822	24
2021	£260,356	£3,435	24
2020	£263,357	£3,306	21
2019	£254,075	£3,162	20
2018	£261,438	£3,183	32
2017	£236,842	£3,267	19
2016	£224,858	£2,942	19
2015	£200,368	£2,435	34
2014	£168,283	£2,345	19
2013	£140,692	£2,077	13
2012	£146,654	£2,013	13
2011	£162,267	£1,999	12
2010	£173,750	£2,018	10
2009	£137,154	£1,862	13
2008	£146,853	£2,037	15
2007	£169,216	£2,174	37
2006	£149,935	£2,076	23
2005	£130,469	£2,159	25
2004	£135,681	£1,885	22
2003	£123,778	£1,690	27
2002	£98,588	£1,280	51
2001	£73,476	£1,132	33
2000	£70,498	£924	27
1999	£56,694	£839	33
1998	£54,543	£705	39
1997	£52,219	£707	43
1996	£44,891	£628	29
1995	£50,695	£583	23

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£262,500		6
2023	£258,833	£4,063	12
2022	£256,048	£3,414	21
2021	£254,074	£3,407	27
2020	£208,273	£2,697	22
2019	£210,278	£3,119	27
2018	£224,150	£3,195	20
2017	£200,792	£2,714	24
2016	£195,860	£2,858	25
2015	£164,659	£2,551	22
2014	£147,203	£2,092	17
2013	£128,220	£1,826	25
2012	£136,591	£2,150	11
2011	£128,088	£1,677	17
2010	£145,045	£1,988	11
2009	£123,600	£1,619	10
2008	£136,961	£1,685	13
2007	£133,889	£2,017	35
2006	£127,196	£1,809	36
2005	£117,554	£1,827	23
2004	£117,388	£1,785	28
2003	£109,578	£1,449	33
2002	£82,366	£1,207	30
2001	£65,660	£927	35
2000	£58,784	£784	27
1999	£49,136	£698	29
1998	£46,772	£626	11
1997	£43,723	£586	17
1996	£41,559	£534	13
1995	£40,154	£655	13

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£76,167	£2,168	3
2023	£113,950	£2,385	10
2022	£101,958	£2,236	12
2021	£122,621	£2,575	12
2020	£112,143	£2,432	7
2019	£106,392	£2,590	5
2018	£109,389	£2,400	9
2017	£111,080	£2,314	10
2016	£94,308	£2,330	13
2015	£72,111	£1,890	9
2014	£69,241	£1,513	12
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	£106,500	£2,273	8
2007	£97,470	£2,089	17
2006	£85,694	£2,177	18
2005	£90,317	£1,942	11
2004	£86,513	£2,030	15
2003	£73,235	£1,749	17
2002	£52,546	£1,158	16
2001	£46,499	£1,096	18
2000	£38,849	£1,054	17
1999	£28,061	£646	12
1998	£32,074	£703	10
1997	£26,611	£541	9
1996	£28,689	£678	5
1995	£25,450	£576	5

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£300,000	£3,824	2
2022	£290,000	£4,677	1
2021	£460,500	£3,788	4
2020	£240,000	£3,750	1
2019	£327,500	£3,645	2
2018	£326,167	£3,476	6
2017	£301,071	£3,041	7
2016	£281,750	£3,673	4
2015	£196,000	£2,420	1
2014	£205,000	£2,318	2
2013	£225,000	£2,156	5
2012	£174,667	£1,835	6
2011	£299,500	£2,125	3
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	£172,665	£2,193	3
2003	£186,333	£935	3
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	£90,374	£588	4
1996	£79,167	£796	3

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 7SW area

The most common house types in the ME5 7SW postcode area are Terraced (73), Flat (52), and Semi-detached (28).

Total	159
Terraced	73
Flat	52
Semi-detached	28
Detached	6
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 (94), and Owned: Owns with a mortgage or loan (19).

Social rented: Other social rented	94
Owned: Owns with a mortgage or loan	19
Owned: Owns outright	16
Private rented: Private landlord or letting agency	15
Social rented: Rents from council or Local Authority	14
Private rented: Other private rented	1
Lives rent free	1
Does not apply	0
Shared ownership: Shared ownership	0

Number of People in a Household

The most houses in the ME5 7SW have 1 person in household (69), and 2 people in household (40).

1 person in household	69
2 people in household	40
4 people in household	19
3 people in household	18
5 people in household	7
6 people in household	5
7 people in household	2
0 people in household	0
8 or more people in household	0