Housing Market Analysis for RICHMOND CLOSE, ME5 8YH

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

Overview of Sold House prices

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

Terraced
- The average price is around £155,089 median price is £140,000 Standard Deviation is £80,488 with Total Sold: 35
- The Last 5 Year average price is £275,833 with Total Sold: 6
- The most recent sale happened at this postcode is 4 RICHMOND CLOSE: £350,000 (Sold on 02 Feb 2023)
- The first recorded sale happened at this postcode is 32 RICHMOND CLOSE: £42,995 (Sold on 20 Sep 1996)
Semi-Detached
- The average price is around £75,000 median price is £75,000 Standard Deviation is £39,500 with Total Sold: 2
- The most recent sale happened at this postcode is 35 RICHMOND CLOSE: £114,500 (Sold on 12 Aug 2003)
- The first recorded sale happened at this postcode is 35 RICHMOND CLOSE: £35,500 (Sold on 03 Apr 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 8YH 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
2023	£350,000	£3,889	1
2022	£315,000	£3,000	1
2020	£248,333	£3,074	3
2019	£245,000	£2,849	1
2018	£241,167	£2,660	3
2015	£210,000	£2,791	2
2014	£190,000	£2,111	1
2013	£155,000	£1,341	1
2012	£132,000	£1,805	2
2010	£140,000	£1,523	2
2007	£140,667	£2,032	3
2006	£152,998	£1,853	2
2004	£143,000		1
2003	£113,377	£1,247	3
2002	£96,995	£1,329	1
2001	£72,000	£857	1
2000	£58,663	£890	3
1999	£48,000	£658	1
1998	£51,000	£777	1
1997	£42,500		1
1996	£42,995	£512	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2003	£114,500		1
1996	£35,500		1

All the Sales in the RICHMOND CLOSE, ME5 8YH

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

Address	Sold Date	Price	% Change
4 RICHMOND CLOSETerraced, FreeholdArea: 90 Sq.mtrAge: 1976-1982	02 Feb 2023	£350,000	First Sale
23 RICHMOND CLOSETerraced, FreeholdArea: 105 Sq.mtrAge: 1950-1966	03 Oct 2022	£315,000	14.55%
	02 Nov 2020	£275,000	27.91%
	02 Oct 2015	£215,000	First Sale
12 RICHMOND CLOSETerraced, FreeholdArea: 58 Sq.mtrAge: 1950-1966	04 Sep 2020	£220,000	7.32%
	04 Dec 2015	£205,000	39.46%
	26 Jan 2007	£147,000	First Sale
2 RICHMOND CLOSETerraced, FreeholdArea: 89 Sq.mtrAge: 1976-1982	12 Jun 2020	£250,000	First Sale
9 RICHMOND CLOSETerraced, FreeholdArea: 86 Sq.mtrAge: 1976-1982	16 Aug 2019	£245,000	-2.00%
	14 Sep 2018	£250,000	152.19%
	11 Jul 2003	£99,130	First Sale
31 RICHMOND CLOSETerraced, FreeholdArea: 82.2 Sq.mtrAge: 1976-1982	24 Oct 2018	£203,500	51.87%
	20 Jan 2012	£134,000	-0.74%
	31 Jan 2007	£135,000	27.36%
	30 Sep 2003	£106,000	First Sale
22 RICHMOND CLOSETerraced, FreeholdArea: 104 Sq.mtrAge: 1967-1975	15 Feb 2018	£270,000	58.83%
	18 Oct 2006	£169,995	25.92%
	06 Jun 2003	£135,000	First Sale
11 RICHMOND CLOSETerraced, FreeholdArea: 90 Sq.mtrAge: 1967-1975	24 Nov 2014	£190,000	First Sale
21 RICHMOND CLOSETerraced, FreeholdArea: 115.59 Sq.mtrAge: 1976-1982	19 Dec 2013	£155,000	First Sale
14 RICHMOND CLOSETerraced, FreeholdArea: 65.66 Sq.mtrAge: 1976-1982	03 Feb 2012	£130,000	-4.41%
	06 Jan 2006	£136,000	166.67%
	05 May 1998	£51,000	First Sale
34 RICHMOND CLOSETerraced, FreeholdArea: 81.28 Sq.mtrAge: 1976-1982	05 Nov 2010	£122,000	First Sale
20 RICHMOND CLOSETerraced, FreeholdArea: 102.25 Sq.mtrAge: 1967-1975	27 Sep 2010	£158,000	First Sale
33 RICHMOND CLOSETerraced, FreeholdArea: 73 Sq.mtrAge: 1983-1990	25 Oct 2007	£140,000	44.34%
	15 Nov 2002	£96,995	49.23%
	11 Aug 2000	£64,995	35.41%
	22 Dec 1999	£48,000	First Sale
1 RICHMOND CLOSETerraced, Freehold	01 Apr 2004	£143,000	First Sale
35 RICHMOND CLOSESemi-Detached, Freehold	12 Aug 2003	£114,500	222.54%
35 RICHMOND CLOSESemi-Detached, Freehold	03 Apr 1996	£35,500	First Sale
32 RICHMOND CLOSETerraced, FreeholdArea: 84 Sq.mtrAge: 1967-1975	20 Jul 2001	£72,000	67.46%
	20 Sep 1996	£42,995	First Sale
25 RICHMOND CLOSETerraced, Freehold	29 Sep 2000	£67,995	58.13%
25 RICHMOND CLOSETerraced, Freehold	29 Mar 2000	£43,000	First Sale
8 RICHMOND CLOSETerraced, Freehold	04 Nov 1997	£42,500	First Sale

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

RICHMOND CLOSE, ME5 8YH Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £156,241 median price is £145,000 Standard Deviation is £89,110 with Total Sold: 1,327
- The Last 5 Year average price is £301,225 with Total Sold: 178
- The most recent sale happened at this postcode is , 9 EARL CLOSE: £330,000 (Sold on 18 Sep 2024)
- The first recorded sale happened at this postcode is , 12 CROYDON CLOSE: £52,500 (Sold on 06 Jan 1995)
Terraced
- The average price is around £136,886 median price is £132,000 Standard Deviation is £71,533 with Total Sold: 1,551
- The Last 5 Year average price is £247,464 with Total Sold: 222
- The most recent sale happened at this postcode is , 22 BROMLEY CLOSE: £275,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 127 PRINCES AVENUE: £38,000 (Sold on 06 Jan 1995)
Flat
- The average price is around £98,958 median price is £97,500 Standard Deviation is £55,902 with Total Sold: 244
- The Last 5 Year average price is £172,535 with Total Sold: 41
- The most recent sale happened at this postcode is , 9 BEECHING ROAD: £150,000 (Sold on 09 Aug 2024)
- The first recorded sale happened at this postcode is , 11 SHEPPERTON CLOSE: £29,500 (Sold on 05 May 1995)
Detached
- The average price is around £215,984 median price is £206,500 Standard Deviation is £108,417 with Total Sold: 534
- The Last 5 Year average price is £383,787 with Total Sold: 82
- The most recent sale happened at this postcode is , 380 LORDS WOOD LANE: £410,000 (Sold on 05 Aug 2024)
- The first recorded sale happened at this postcode is , 57 ROMNEY ROAD: £59,995 (Sold on 20 Jan 1995)
Other
- The average price is around £151,960 median price is £146,500 Standard Deviation is £96,885 with Total Sold: 10
- The Last 5 Year average price is £199,800 with Total Sold: 5
- The most recent sale happened at this postcode is , 7I SMITH ROAD: £100,000 (Sold on 05 Feb 2024)
- 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: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£310,786	£4,383	14
2023	£314,703	£4,339	32
2022	£327,886	£4,371	43
2021	£310,586	£3,878	35
2020	£267,720	£3,715	25
2019	£259,793	£3,530	29
2018	£274,415	£3,666	39
2017	£263,929	£3,342	34
2016	£243,694	£3,059	36
2015	£217,870	£2,711	46
2014	£182,768	£2,580	32
2013	£166,557	£2,370	35
2012	£168,500	£2,138	17
2011	£147,529	£2,143	17
2010	£168,854	£2,147	24
2009	£155,383	£2,162	30
2008	£167,605	£2,214	19
2007	£172,987	£2,427	61
2006	£165,946	£2,099	65
2005	£156,372	£2,134	59
2004	£152,929	£2,031	64
2003	£136,446	£1,994	57
2002	£107,303	£1,521	73
2001	£98,491	£1,284	67
2000	£82,926	£1,110	70
1999	£69,123	£937	74
1998	£62,206	£883	55
1997	£55,591	£785	66
1996	£53,220	£662	60
1995	£51,612	£754	49

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£262,269	£2,687	13
2023	£279,870	£3,983	35
2022	£270,467	£4,204	30
2021	£239,169	£3,473	57
2020	£239,288	£3,373	40
2019	£221,570	£3,302	47
2018	£220,574	£3,167	38
2017	£219,964	£3,214	47
2016	£212,018	£2,936	57
2015	£185,026	£2,792	45
2014	£158,662	£2,401	57
2013	£146,020	£1,993	38
2012	£146,353	£1,944	36
2011	£126,822	£1,945	20
2010	£138,742	£1,955	31
2009	£124,989	£1,890	22
2008	£145,986	£2,237	37
2007	£149,433	£2,154	71
2006	£145,812	£1,992	86
2005	£134,950	£1,979	56
2004	£126,596	£1,971	80
2003	£117,842	£1,726	82
2002	£94,724	£1,422	71
2001	£76,956	£1,128	88
2000	£66,616	£1,033	70
1999	£54,949	£838	89
1998	£52,194	£759	68
1997	£48,091	£728	65
1996	£42,772	£640	43
1995	£41,533	£609	32

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£197,167	£4,032	6
2023	£183,125	£3,463	8
2022	£172,859	£3,265	13
2021	£164,375	£3,391	6
2020	£152,500	£3,926	4
2019	£145,625	£3,027	4
2018	£171,077	£3,182	13
2017	£160,409	£2,752	11
2016	£121,000	£2,876	4
2015	£118,699	£2,164	5
2014	£111,714	£2,321	7
2013	£101,250	£1,884	4
2012	£103,250	£1,803	6
2011	£97,000	£1,845	2
2010	£110,833	£1,869	3
2009	£100,667	£1,730	3
2008	£120,833	£2,013	6
2007	£119,582	£2,400	6
2006	£99,091	£2,218	11
2005	£94,071	£2,164	7
2004	£92,970	£1,952	17
2003	£84,125	£1,767	12
2002	£61,832	£1,357	15
2001	£47,205	£1,015	17
2000	£42,257	£1,021	13
1999	£35,731	£841	13
1998	£34,649	£720	10
1997	£28,749	£569	7
1996	£28,000	£473	3
1995	£26,797	£583	8

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£390,286		7
2023	£385,300	£4,178	10
2022	£429,269	£4,470	13
2021	£386,571	£3,502	21
2020	£364,059	£3,546	17
2019	£357,000	£3,349	14
2018	£344,045	£3,586	11
2017	£310,000	£3,483	9
2016	£307,000	£3,064	19
2015	£280,625	£2,934	12
2014	£258,968	£2,462	16
2013	£233,350	£2,330	10
2012	£227,275	£2,243	20
2011	£217,778	£2,338	9
2010	£214,062	£2,170	8
2009	£217,038	£2,322	13
2008	£180,617	£1,776	6
2007	£235,483	£2,325	30
2006	£236,864	£2,263	38
2005	£223,552	£1,795	17
2004	£191,544	£2,099	28
2003	£188,020	£1,956	22
2002	£158,361	£1,799	29
2001	£139,258	£1,407	29
2000	£115,450	£1,213	20
1999	£93,768	£1,036	27
1998	£87,978	£1,002	23
1997	£95,139	£884	18
1996	£82,850	£791	20
1995	£69,986	£842	18

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£100,000		1
2023	£264,500	£3,667	2
2022	£275,000	£3,618	1
2019	£95,000		1
2018	£110,000	£2,683	1
2017	£17,500	£98	1
2016	£131,033	£3,099	3

House Type in ME5 8YH area

The most common house types in the ME5 8YH postcode area are Terraced (107), Detached (15), and Semi-detached (13).

Total	137
Terraced	107
Detached	15
Semi-detached	13
Flat	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 Owned: Owns with a mortgage or loan (46), and Owned: Owns outright (30).

Owned: Owns with a mortgage or loan	46
Owned: Owns outright	30
Social rented: Other social rented	30
Private rented: Private landlord or letting agency	14
Social rented: Rents from council or Local Authority	9
Private rented: Other private rented	4
Shared ownership: Shared ownership	2
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the ME5 8YH have 2 people in household (38), and 3 people in household (36).

2 people in household	38
3 people in household	36
4 people in household	25
1 person in household	24
5 people in household	7
6 people in household	7
0 people in household	0
7 people in household	0
8 or more people in household	0