Housing Market Analysis for WEY CLOSE, ME5 8JW

Are you looking to understand ME5 8JW 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 8JW area, explore the ME5 8JW Area information page.
For comprehensive crime statistics in the ME5 8JW area, explore the ME5 8JW Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME5 8JW postcode area, The average prices are as follows,

Detached
- The average price is around £247,656 median price is £230,000 Standard Deviation is £118,730 with Total Sold: 16
- The Last 5 Year average price is £459,333 with Total Sold: 3
- The most recent sale happened at this postcode is 9 WEY CLOSE: £492,000 (Sold on 27 Sep 2022)
- The first recorded sale happened at this postcode is 10 WEY CLOSE: £82,000 (Sold on 03 May 1996)
Semi-Detached
- The average price is around £151,600 median price is £152,498 Standard Deviation is £102,006 with Total Sold: 10
- The Last 5 Year average price is £420,000 with Total Sold: 1
- The most recent sale happened at this postcode is 1 WEY CLOSE: £420,000 (Sold on 31 Mar 2022)
- The first recorded sale happened at this postcode is 4 WEY CLOSE: £49,000 (Sold on 20 Jan 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 8JW 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£492,000	£3,874	1
2021	£507,000	£3,314	1
2020	£379,000	£4,307	1
2014	£260,498	£2,679	2
2012	£215,000	£2,416	1
2008	£245,000		1
2007	£270,000	£1,765	1
2005	£249,995		1
2004	£215,000	£2,443	1
2003	£215,000	£1,693	1
2002	£195,000		1
2000	£143,250	£1,379	2
1996	£86,000	£741	2

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£420,000	£3,559	1
2016	£185,000	£2,816	1
2011	£153,500	£2,154	2
2006	£161,500	£2,261	1
2005	£152,995	£2,329	1
2004	£133,500	£2,032	1
2000	£72,000	£1,096	1
1999	£35,000	£490	1
1995	£49,000	£746	1

All the Sales in the WEY CLOSE, ME5 8JW

See the table below for more details on the sold house prices in the ME5 8JW, Medway postcode.

Address	Sold Date	Price	% Change
9 WEY CLOSEDetached, FreeholdArea: 127 Sq.mtrAge: 1967-1975	27 Sep 2022	£492,000	128.84%
	27 Feb 2003	£215,000	138.89%
	18 Oct 1996	£90,000	First Sale
1 WEY CLOSESemi-Detached, FreeholdArea: 118 Sq.mtrAge: 1983-1990	31 Mar 2022	£420,000	First Sale
8 WEY CLOSEDetached, FreeholdArea: 153 Sq.mtrAge: 1983-1990	09 Sep 2021	£507,000	87.78%
8 WEY CLOSEDetached, FreeholdArea: 153 Sq.mtrAge: 1983-1990	09 Feb 2007	£270,000	First Sale
14 WEY CLOSEDetached, FreeholdArea: 88 Sq.mtrAge: 1983-1990	26 Jun 2020	£379,000	76.28%
14 WEY CLOSEDetached, FreeholdArea: 88 Sq.mtrAge: 1983-1990	28 Jul 2004	£215,000	First Sale
4 WEY CLOSESemi-Detached, FreeholdArea: 65.69 Sq.mtrAge: 1983-1990	23 Sep 2016	£185,000	20.92%
	14 Oct 2005	£152,995	14.60%
	06 Apr 2004	£133,500	85.42%
	22 Nov 2000	£72,000	46.94%
	20 Jan 1995	£49,000	First Sale
10 WEY CLOSEDetached, FreeholdArea: 106 Sq.mtrAge: 1976-1982	20 Feb 2014	£275,000	235.37%
	03 May 1996	£82,000	First Sale
12 WEY CLOSEDetached, FreeholdArea: 89 Sq.mtrAge: 1983-1990	24 Jan 2014	£245,995	14.42%
12 WEY CLOSEDetached, FreeholdArea: 89 Sq.mtrAge: 1983-1990	22 Jun 2012	£215,000	First Sale
2 WEY CLOSESemi-Detached, FreeholdArea: 71.5 Sq.mtrAge: 1976-1982	22 Jul 2011	£155,000	342.86%
	17 Dec 1999	£35,000	First Sale
6 WEY CLOSESemi-Detached, FreeholdArea: 71 Sq.mtrAge: 1983-1990	07 Mar 2011	£152,000	-5.88%
	02 Jun 2006	£161,500	First Sale
11 WEY CLOSEDetached, Freehold	10 Dec 2008	£245,000	-2.00%
	24 Feb 2005	£249,995	28.20%
	05 Dec 2002	£195,000	34.95%
	06 Dec 2000	£144,500	First Sale
7 WEY CLOSEDetached, FreeholdArea: 103 Sq.mtrAge: 1983-1990	14 Apr 2000	£142,000	First Sale

Check out the sold house prices near the ME5 8JW postcode. Properties currently for saleProperties currently for rent

WEY CLOSE, ME5 8JW Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME5 8JW 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 8JW postcode.

Terraced
- The average price is around £129,662 median price is £125,000 Standard Deviation is £70,179 with Total Sold: 1,270
- The Last 5 Year average price is £256,310 with Total Sold: 130
- 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 , 33 BURMARSH CLOSE: £42,500 (Sold on 20 Jan 1995)
Detached
- The average price is around £228,544 median price is £217,000 Standard Deviation is £118,935 with Total Sold: 515
- The Last 5 Year average price is £428,934 with Total Sold: 61
- 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 , 57 ROMNEY ROAD: £59,995 (Sold on 20 Jan 1995)
Semi-Detached
- The average price is around £146,122 median price is £135,000 Standard Deviation is £85,706 with Total Sold: 842
- The Last 5 Year average price is £304,862 with Total Sold: 82
- The most recent sale happened at this postcode is , 46 WITTERSHAM CLOSE: £270,000 (Sold on 31 Jul 2024)
- The first recorded sale happened at this postcode is , 4 WEY CLOSE: £49,000 (Sold on 20 Jan 1995)
Flat
- The average price is around £82,801 median price is £81,500 Standard Deviation is £44,189 with Total Sold: 36
- The Last 5 Year average price is £168,250 with Total Sold: 4
- The most recent sale happened at this postcode is , 25 WEYBRIDGE CLOSE: £150,000 (Sold on 25 Aug 2023)
- The first recorded sale happened at this postcode is , 135 KINGSTON CRESCENT: £12,375 (Sold on 09 Jun 1995)
Other
- The average price is around £744,333 median price is £420,000 Standard Deviation is £633,691 with Total Sold: 3
- The Last 5 Year average price is £1,630,000 with Total Sold: 1
- The most recent sale happened at this postcode is , 221 LORDS WOOD LANE: £1,630,000 (Sold on 05 Aug 2022)
- The first recorded sale happened at this postcode is , 368 LORDS WOOD LANE: £183,000 (Sold on 23 Sep 2016)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£276,400	£3,011	10
2023	£278,150	£4,031	25
2022	£266,839	£4,208	28
2021	£238,829	£3,645	35
2020	£242,875	£3,560	32
2019	£217,850	£3,460	35
2018	£215,545	£3,439	30
2017	£211,143	£3,385	35
2016	£200,832	£3,113	41
2015	£179,273	£2,878	33
2014	£153,654	£2,524	45
2013	£137,281	£2,159	32
2012	£141,123	£1,972	26
2011	£130,373	£2,037	22
2010	£135,583	£1,966	21
2009	£124,722	£2,003	18
2008	£141,328	£2,159	29
2007	£148,285	£2,334	53
2006	£138,421	£2,136	70
2005	£128,781	£2,067	48
2004	£122,915	£2,043	68
2003	£116,523	£1,798	78
2002	£91,171	£1,479	66
2001	£72,797	£1,169	68
2000	£62,831	£1,055	63
1999	£52,925	£862	69
1998	£51,332	£805	66
1997	£46,400	£771	53
1996	£43,615	£672	43
1995	£43,098	£665	28

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£414,625	£6,250	8
2023	£425,050	£4,030	10
2022	£433,444	£4,467	9
2021	£445,295	£3,689	22
2020	£408,333	£3,959	12
2019	£377,567	£3,505	15
2018	£362,500	£3,758	14
2017	£348,423	£3,545	13
2016	£316,062	£3,269	16
2015	£258,091	£3,064	11
2014	£239,041	£2,801	12
2013	£254,700	£2,406	10
2012	£247,861	£2,362	18
2011	£242,714	£2,340	7
2010	£248,727	£2,254	11
2009	£226,857	£2,196	7
2008	£213,522	£1,953	9
2007	£249,362	£2,488	29
2006	£241,514	£2,272	35
2005	£229,540	£1,888	12
2004	£205,916	£2,313	27
2003	£202,438	£2,216	17
2002	£179,589	£1,797	28
2001	£138,810	£1,482	25
2000	£138,690	£1,223	21
1999	£117,774	£1,145	31
1998	£103,500	£1,092	23
1997	£92,714	£906	21
1996	£99,229	£810	24
1995	£74,344	£874	18

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£292,750	£4,785	6
2023	£298,536	£4,852	14
2022	£304,080	£4,843	25
2021	£313,022	£3,950	23
2020	£304,371	£3,892	14
2019	£260,861	£3,651	18
2018	£256,552	£3,918	23
2017	£240,833	£3,700	15
2016	£241,611	£3,299	27
2015	£215,567	£2,934	15
2014	£186,721	£2,742	22
2013	£159,368	£2,568	19
2012	£157,545	£2,165	11
2011	£159,682	£2,257	11
2010	£164,308	£2,336	13
2009	£155,000	£2,400	17
2008	£181,250	£2,200	12
2007	£169,972	£2,664	40
2006	£162,344	£2,177	44
2005	£145,643	£2,209	35
2004	£152,987	£2,101	42
2003	£134,419	£2,035	44
2002	£103,524	£1,572	40
2001	£91,268	£1,280	53
2000	£79,783	£1,174	49
1999	£67,405	£1,051	46
1998	£58,933	£924	46
1997	£57,916	£823	46
1996	£52,289	£687	42
1995	£51,999	£784	30

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£150,000	£3,409	1
2022	£215,000	£5,000	1
2021	£155,000	£3,690	1
2020	£153,000	£3,477	1
2018	£132,000	£3,000	1
2016	£111,000	£2,454	3
2015	£97,500	£2,110	2
2014	£87,167	£2,033	3
2013	£78,000	£1,947	1
2007	£124,995	£2,907	1
2006	£107,000	£2,675	1
2005	£107,000	£2,488	1
2004	£85,332	£1,818	3
2003	£72,997	£1,714	3
2002	£59,000	£1,283	1
2001	£53,250	£1,279	2
2000	£39,998	£1,037	3
1999	£32,750	£804	6
1995	£12,375	£221	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£1,630,000	£18,953	1
2016	£301,500	£4,136	2

House Type in ME5 8JW area

The most common house types in the ME5 8JW postcode area are Semi-detached (75), Detached (25), and Terraced (21).

Total	122
Semi-detached	75
Detached	25
Terraced	21
Flat	1
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 Owned: Owns outright (55), and Owned: Owns with a mortgage or loan (42).

Owned: Owns outright	55
Owned: Owns with a mortgage or loan	42
Private rented: Private landlord or letting agency	22
Private rented: Other private rented	5
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the ME5 8JW have 2 people in household (47), and 1 person in household (35).

2 people in household	47
1 person in household	35
3 people in household	24
4 people in household	9
5 people in household	7
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0