Housing Market Analysis for ALBION ROAD, ME5 8SR

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

Overview of Sold House prices

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

Terraced
- The average price is around £155,765 median price is £155,000 Standard Deviation is £51,412 with Total Sold: 17
- The Last 5 Year average price is £206,250 with Total Sold: 4
- The most recent sale happened at this postcode is 24 ALBION ROAD: £230,000 (Sold on 24 Sep 2021)
- The first recorded sale happened at this postcode is 26 ALBION ROAD: £155,000 (Sold on 06 Dec 2023)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 8SR 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£230,000	£2,698	2
2020	£210,000	£2,360	1
2017	£215,000	£2,220	2
2015	£170,000	£2,099	1
2014	£155,000	£1,722	1
2013	£145,000	£1,480	1
2012	£120,000	£1,412	1
2009	£130,000	£1,444	1
2007	£136,500	£1,685	1
2006	£140,000	£1,556	1
2005	£155,000		1
2004	£130,000	£1,444	1
2001	£69,000	£852	1
1998	£42,500	£525	1
2023	£155,000	£1,325	1

All the Sales in the ALBION ROAD, ME5 8SR

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

Address	Sold Date	Price	% Change
24 ALBION ROADTerraced, FreeholdArea: 81 Sq.mtrAge: 1967-1975	24 Sep 2021	£230,000	233.33%
	04 May 2001	£69,000	62.35%
	30 Jan 1998	£42,500	First Sale
28 ALBION ROADTerraced, FreeholdArea: 90 Sq.mtrAge: 1967-1975	20 Aug 2021	£230,000	First Sale
4 ALBION ROADTerraced, FreeholdArea: 89 Sq.mtrAge: 1950-1966	16 Mar 2020	£210,000	First Sale
36 ALBION ROADTerraced, FreeholdArea: 92 Sq.mtrAge: 1950-1966	21 Dec 2017	£210,000	First Sale
2 ALBION ROADTerraced, FreeholdArea: 102 Sq.mtrAge: 1976-1982	03 Apr 2017	£220,000	First Sale
8 ALBION ROADTerraced, FreeholdArea: 81 Sq.mtrAge: 1967-1975	13 May 2015	£170,000	First Sale
32 ALBION ROADTerraced, FreeholdArea: 90 Sq.mtrAge: 1967-1975	14 Feb 2014	£155,000	19.23%
	21 Aug 2009	£130,000	-7.14%
	15 Dec 2006	£140,000	7.69%
	12 Nov 2004	£130,000	First Sale
30 ALBION ROADTerraced, FreeholdArea: 98 Sq.mtrAge: 1967-1975	16 Oct 2013	£145,000	First Sale
22 ALBION ROADTerraced, FreeholdArea: 85 Sq.mtrAge: 1967-1975	31 Aug 2012	£120,000	First Sale
18 ALBION ROADTerraced, FreeholdArea: 81 Sq.mtrAge: 1967-1975	23 Mar 2007	£136,500	First Sale
20 ALBION ROADTerraced, Freehold	08 Feb 2005	£155,000	First Sale
26 ALBION ROADTerraced, FreeholdArea: 117 Sq.mtrAge: 1976-1982	06 Dec 2023	£155,000	First Sale

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

ALBION ROAD, ME5 8SR Near By properties

Interactive Map

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

Terraced
- The average price is around £145,468 median price is £137,995 Standard Deviation is £75,488 with Total Sold: 1,037
- The Last 5 Year average price is £258,250 with Total Sold: 165
- The most recent sale happened at this postcode is , 7 EXTON CLOSE: £340,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 9 MOONSTONE DRIVE: £36,000 (Sold on 19 Jan 1995)
Semi-Detached
- The average price is around £165,081 median price is £150,000 Standard Deviation is £91,292 with Total Sold: 639
- The Last 5 Year average price is £303,458 with Total Sold: 85
- The most recent sale happened at this postcode is , 98 DARGETS ROAD: £430,000 (Sold on 03 Sep 2024)
- The first recorded sale happened at this postcode is , 2 HUNTERSFIELD CLOSE: £70,500 (Sold on 16 Jan 1995)
Flat
- The average price is around £89,605 median price is £77,000 Standard Deviation is £98,404 with Total Sold: 320
- The Last 5 Year average price is £168,080 with Total Sold: 49
- The most recent sale happened at this postcode is , 2 HORNBEAM AVENUE: £95,000 (Sold on 21 Aug 2024)
- The first recorded sale happened at this postcode is , 45 SULTAN ROAD: £21,900 (Sold on 07 Apr 1995)
Detached
- The average price is around £274,074 median price is £240,500 Standard Deviation is £160,246 with Total Sold: 346
- The Last 5 Year average price is £467,828 with Total Sold: 58
- The most recent sale happened at this postcode is , 112 BALLENS ROAD: £580,000 (Sold on 19 Aug 2024)
- The first recorded sale happened at this postcode is , 29 ALBURY CLOSE: £41,000 (Sold on 09 Feb 1995)
Other
- The average price is around £375,500 median price is £305,000 Standard Deviation is £398,246 with Total Sold: 15
- The Last 5 Year average price is £457,000 with Total Sold: 10
- The most recent sale happened at this postcode is , THE KESTREL KESTREL ROAD: £1,010,000 (Sold on 02 Nov 2022)
- The first recorded sale happened at this postcode is , 7 KESTREL ROAD: £75,000 (Sold on 21 Sep 2016)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£277,000	£4,375	10
2023	£275,496	£3,599	25
2022	£287,422	£3,593	32
2021	£254,067	£3,317	30
2020	£232,047	£3,171	32
2019	£241,914	£3,134	36
2018	£232,185	£3,057	33
2017	£233,670	£2,988	35
2016	£211,250	£2,485	39
2015	£174,487	£2,461	34
2014	£166,729	£2,181	37
2013	£149,566	£1,947	30
2012	£141,432	£1,917	22
2011	£140,607	£1,857	28
2010	£146,664	£1,909	21
2009	£126,389	£1,700	27
2008	£144,562	£1,837	16
2007	£152,968	£1,989	41
2006	£149,166	£1,980	51
2005	£133,215	£1,666	26
2004	£134,324	£1,830	51
2003	£121,183	£1,636	46
2002	£93,245	£1,230	40
2001	£77,985	£1,002	70
2000	£69,086	£931	56
1999	£60,788	£825	39
1998	£57,054	£706	41
1997	£50,271	£676	36
1996	£45,723	£658	23
1995	£44,025	£611	30

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£354,333		6
2023	£311,550	£4,176	10
2022	£327,250	£3,885	16
2021	£290,294	£3,511	23
2020	£291,225	£3,659	12
2019	£285,833	£3,460	18
2018	£280,833	£3,747	15
2017	£284,615	£3,166	20
2016	£280,045	£2,985	22
2015	£231,728	£2,726	18
2014	£224,909	£2,660	22
2013	£199,035	£2,514	13
2012	£159,288	£2,064	13
2011	£188,636	£2,265	11
2010	£161,000	£1,839	12
2009	£180,666	£2,651	9
2008	£174,453	£2,073	15
2007	£171,956	£2,217	27
2006	£164,606	£2,013	33
2005	£165,977	£1,991	22
2004	£155,687	£2,004	36
2003	£124,179	£1,599	28
2002	£118,171	£1,349	32
2001	£104,851	£1,254	29
2000	£92,666	£1,190	24
1999	£71,133	£900	28
1998	£70,212	£901	35
1997	£60,999	£761	46
1996	£58,174	£706	23
1995	£54,880	£666	21

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£104,429	£2,235	7
2023	£401,167	£3,094	6
2022	£141,800	£2,640	7
2021	£163,423	£2,911	13
2020	£120,167	£2,342	6
2019	£125,980	£2,464	10
2018	£124,300	£2,521	9
2017	£123,264	£2,463	14
2016	£138,200	£2,374	5
2015	£114,178	£2,186	9
2014	£100,925	£1,912	15
2013	£81,208	£1,491	6
2012	£89,769	£1,666	13
2011	£84,314	£1,681	11
2010	£84,000	£1,516	2
2009	£83,667	£1,561	6
2008	£97,124	£1,828	4
2007	£94,800	£1,906	12
2006	£103,634	£1,762	16
2005	£88,499	£1,659	10
2004	£78,213	£1,573	14
2003	£78,859	£1,533	16
2002	£68,594	£1,382	21
2001	£49,058	£866	16
2000	£41,274	£878	18
1999	£33,612	£640	19
1998	£34,914	£608	11
1997	£31,331	£538	11
1996	£28,200	£446	5
1995	£25,809	£579	8

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£433,000	£3,429	5
2023	£432,438	£4,708	8
2022	£475,667	£4,269	12
2021	£572,429	£3,990	14
2020	£439,450	£4,035	10
2019	£377,000	£3,554	9
2018	£446,786	£3,654	14
2017	£385,385	£3,394	13
2016	£363,842	£3,408	19
2015	£403,100	£2,870	10
2014	£306,750	£2,968	10
2013	£349,667	£2,653	12
2012	£251,875	£2,253	8
2011	£208,000	£2,401	4
2010	£286,250	£2,529	8
2009	£197,000	£2,096	4
2008	£230,000	£4,120	1
2007	£276,688	£2,288	8
2006	£247,554	£2,467	16
2005	£279,350	£1,756	10
2004	£230,284	£2,081	22
2003	£231,343	£1,825	16
2002	£176,529	£1,496	17
2001	£147,147	£1,505	17
2000	£149,412	£1,195	12
1999	£123,800	£1,060	15
1998	£116,692	£1,020	13
1997	£100,561	£822	18
1996	£87,333	£840	12
1995	£89,444	£733	9

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£1,242,500	£34,382	2
2021	£310,000	£4,012	4
2020	£450,000		1
2019	£131,667	£1,540	3
2018	£347,000		2
2017	£6,500	£24	1
2016	£181,000		2

House Type in ME5 8SR area

The most common house types in the ME5 8SR postcode area are Terraced (87), Semi-detached (24), and Detached (7).

Total	126
Terraced	87
Semi-detached	24
Detached	7
Flat	5
commercial building	2
Shared house	1
converted building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (54), and Owned: Owns outright (31).

Owned: Owns with a mortgage or loan	54
Owned: Owns outright	31
Social rented: Other social rented	20
Private rented: Private landlord or letting agency	14
Private rented: Other private rented	4
Shared ownership: Shared ownership	2
Social rented: Rents from council or Local Authority	2
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the ME5 8SR have 2 people in household (42), and 1 person in household (30).

2 people in household	42
1 person in household	30
4 people in household	27
3 people in household	18
5 people in household	7
6 people in household	1
8 or more people in household	1
0 people in household	0
7 people in household	0