Housing Market Analysis for LAMBETH CLOSE, ME5 8YL

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

Overview of Sold House prices

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

  • Terraced
    • The average price is around £124,815 median price is £138,000 Standard Deviation is £57,800 with Total Sold: 38
    • The Last 5 Year average price is £245,667 with Total Sold: 3
    • The most recent sale happened at this postcode is 2 LAMBETH CLOSE: £215,000 (Sold on 29 Feb 2024)
    • The first recorded sale happened at this postcode is 5 LAMBETH CLOSE: £42,500 (Sold on 20 May 1996)
  • Semi-Detached
    • The average price is around £131,298 median price is £97,498 Standard Deviation is £84,052 with Total Sold: 10
    • The Last 5 Year average price is £255,000 with Total Sold: 3
    • The most recent sale happened at this postcode is 9 LAMBETH CLOSE: £275,000 (Sold on 19 Sep 2023)
    • The first recorded sale happened at this postcode is 33 LAMBETH CLOSE: £44,000 (Sold on 28 Feb 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 8YL 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
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£215,000 £2,363 1
2021£252,000 £2,739 1
2020£270,000 £2,269 1
2016£208,500 £2,463 2
2014£175,000 £2,823 1
2013£142,000 £1,596 1
2012£141,750 £1,755 2
2010£140,500 £1,387 2
2008£158,000 £1,838 2
2007£150,500 £2,048 2
2006£152,000 £1,708 2
2005£138,0001
2004£139,375 £1,834 4
2002£107,498 £1,410 2
2001£76,333 £1,002 3
2000£63,417 £742 3
1999£63,332 £700 3
1998£59,7501
1997£54,832 £623 3
1996£42,5001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£262,500 £3,634 2
2021£240,000 £2,051 1
2006£110,000 £1,486 1
2003£113,0001
2002£84,9951
2001£77,995 £667 1
2000£69,995 £693 1
1997£48,0001
1995£44,000 £800 1

All the Sales in the LAMBETH CLOSE, ME5 8YL

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

AddressSold DatePrice% Change
2 LAMBETH CLOSETerraced, FreeholdArea: 91 Sq.mtrAge: 1976-198229 Feb 2024£215,00038.71%
15 Dec 2006£155,000160.50%
30 Sep 1997£59,500First Sale
9 LAMBETH CLOSESemi-Detached, FreeholdArea: 101 Sq.mtrAge: 1967-197519 Sep 2023£275,000292.89%
29 Sep 2000£69,995First Sale
33 LAMBETH CLOSESemi-Detached, FreeholdArea: 55 Sq.mtrAge: 1976-198230 Jun 2023£250,000468.18%
28 Feb 1995£44,000First Sale
28 LAMBETH CLOSESemi-Detached, FreeholdArea: 117 Sq.mtrAge: 1976-198225 Nov 2021£240,000207.71%
14 Dec 2001£77,995First Sale
21 LAMBETH CLOSETerraced, FreeholdArea: 92 Sq.mtrAge: 1976-198230 Jun 2021£252,00017.21%
09 Sep 2016£215,000215.02%
22 Sep 2000£68,25013.75%
23 Aug 1999£60,000First Sale
25 LAMBETH CLOSETerraced, FreeholdArea: 119 Sq.mtrAge: 1976-198211 Dec 2020£270,00095.65%
26 Feb 2010£138,000First Sale
14 LAMBETH CLOSETerraced, FreeholdArea: 78 Sq.mtrAge: 1976-198221 Mar 2016£202,000157.32%
20 Dec 2001£78,500First Sale
32 LAMBETH CLOSETerraced, FreeholdArea: 62 Sq.mtrAge: 1967-197514 Jul 2014£175,00019.86%
13 Jul 2007£146,0002.82%
04 May 2004£142,000First Sale
4 LAMBETH CLOSETerraced, FreeholdArea: 89 Sq.mtrAge: 1967-197515 Jul 2013£142,000-8.39%
06 Jul 2007£155,000First Sale
34 LAMBETH CLOSETerraced, FreeholdArea: 76.17 Sq.mtrAge: 1967-197521 May 2012£142,5001.79%
17 Oct 2008£140,00084.21%
02 Nov 2001£76,000First Sale
22 LAMBETH CLOSETerraced, FreeholdArea: 86 Sq.mtrAge: 1950-196612 Mar 2012£141,000151.81%
31 Jul 1997£55,995First Sale
23 LAMBETH CLOSETerraced, FreeholdArea: 88.63 Sq.mtrAge: 1976-198222 Apr 2010£143,0005.93%
06 Feb 2004£135,0008.00%
09 Aug 2002£125,000First Sale
3 LAMBETH CLOSETerraced, Freehold30 May 2008£176,000First Sale
19 LAMBETH CLOSETerraced, FreeholdArea: 87 Sq.mtrAge: 1976-198205 Oct 2006£149,0001.36%
17 Sep 2004£147,000126.17%
01 Sep 1999£64,99532.64%
30 Jan 1997£49,000First Sale
38 LAMBETH CLOSESemi-Detached, FreeholdArea: 74 Sq.mtrAge: 1983-199016 Jan 2006£110,000First Sale
18 LAMBETH CLOSETerraced, Freehold23 Feb 2005£138,000112.31%
17 Dec 1999£65,000First Sale
5 LAMBETH CLOSETerraced, Freehold30 Apr 2004£133,50079.19%
29 Jun 2001£74,50020.16%
24 Nov 2000£62,00045.88%
20 May 1996£42,500First Sale
29 LAMBETH CLOSESemi-Detached, Freehold05 Sep 2003£113,00032.95%
12 Apr 2002£84,99577.07%
26 Sep 1997£48,000First Sale
16 LAMBETH CLOSETerraced, Freehold17 May 2002£89,99550.62%
09 Apr 1998£59,750First Sale
12 LAMBETH CLOSETerraced, Freehold24 Nov 2000£60,000First Sale

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

LAMBETH CLOSE, ME5 8YL Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £157,413 median price is £145,000 Standard Deviation is £90,378 with Total Sold: 1,207
    • The Last 5 Year average price is £301,657 with Total Sold: 163
    • 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 £139,194 median price is £133,250 Standard Deviation is £72,372 with Total Sold: 1,426
    • The Last 5 Year average price is £251,107 with Total Sold: 205
    • 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 £97,349 median price is £92,000 Standard Deviation is £54,957 with Total Sold: 305
    • The Last 5 Year average price is £173,813 with Total Sold: 46
    • 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 £215,909 median price is £207,000 Standard Deviation is £106,866 with Total Sold: 477
    • The Last 5 Year average price is £376,892 with Total Sold: 74
    • 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 £109,432 median price is £97,500 Standard Deviation is £105,976 with Total Sold: 14
    • 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 GARAGE, 3 SAVAGE ROAD: £1,000 (Sold on 26 Aug 2016)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£312,571 £4,383 14
2023£313,453 £4,258 32
2022£332,946 £4,288 35
2021£311,828 £3,763 32
2020£264,538 £3,742 26
2019£260,583 £3,394 24
2018£280,268 £3,480 38
2017£265,589 £3,269 35
2016£251,667 £2,986 27
2015£216,024 £2,707 41
2014£180,059 £2,445 27
2013£173,916 £2,375 30
2012£173,188 £2,073 16
2011£152,571 £2,140 14
2010£171,167 £2,097 21
2009£155,679 £2,150 28
2008£169,200 £2,221 20
2007£173,892 £2,395 58
2006£168,046 £2,029 54
2005£160,055 £2,063 53
2004£151,916 £2,015 60
2003£138,184 £1,959 54
2002£107,298 £1,521 65
2001£99,305 £1,289 58
2000£84,359 £1,115 58
1999£69,870 £916 73
1998£61,931 £876 53
1997£55,333 £779 63
1996£53,201 £656 56
1995£52,631 £747 42
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£255,222 £2,363 9
2023£278,442 £3,914 35
2022£275,935 £4,050 31
2021£247,690 £3,419 48
2020£243,855 £3,256 38
2019£221,018 £3,224 44
2018£217,732 £3,111 38
2017£221,757 £3,156 42
2016£212,898 £2,912 54
2015£185,677 £2,787 46
2014£160,355 £2,396 52
2013£145,074 £1,984 37
2012£145,659 £1,930 39
2011£126,822 £1,945 20
2010£138,083 £1,913 30
2009£122,898 £1,854 22
2008£147,618 £2,253 34
2007£148,678 £2,111 66
2006£146,849 £1,921 81
2005£136,383 £1,952 54
2004£125,677 £1,928 76
2003£116,901 £1,638 67
2002£95,605 £1,395 66
2001£77,046 £1,093 79
2000£66,166 £980 61
1999£54,409 £820 80
1998£52,127 £730 57
1997£47,973 £701 58
1996£42,890 £615 37
1995£40,728 £560 25
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£197,167 £4,032 6
2023£189,700 £3,457 10
2022£174,833 £3,263 14
2021£162,179 £3,245 7
2020£152,500 £3,926 4
2019£144,500 £2,866 5
2018£172,429 £3,175 14
2017£154,062 £2,579 16
2016£135,143 £2,698 7
2015£118,699 £2,164 5
2014£112,900 £2,188 10
2013£95,917 £1,796 6
2012£102,438 £1,729 8
2011£97,000 £1,845 2
2010£110,833 £1,869 3
2009£100,667 £1,730 3
2008£114,812 £1,859 8
2007£117,499 £2,254 7
2006£98,611 £1,916 18
2005£94,000 £1,867 12
2004£91,789 £1,858 19
2003£84,125 £1,767 12
2002£61,885 £1,203 23
2001£45,749 £944 21
2000£37,971 £827 19
1999£34,964 £841 14
1998£32,708 £651 12
1997£28,343 £540 8
1996£24,750 £347 4
1995£26,797 £583 8
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£394,5717
2023£369,750 £4,038 8
2022£424,042 £4,519 12
2021£375,524 £3,534 21
2020£349,038 £3,342 13
2019£358,308 £3,340 13
2018£346,208 £3,570 12
2017£304,167 £3,201 6
2016£307,000 £3,064 19
2015£274,923 £2,865 13
2014£247,577 £2,399 13
2013£219,409 £2,133 11
2012£224,194 £2,210 18
2011£216,875 £2,292 8
2010£216,900 £2,163 5
2009£217,038 £2,322 13
2008£168,425 £1,349 4
2007£235,960 £2,302 25
2006£234,253 £2,244 33
2005£222,964 £1,795 17
2004£194,852 £2,066 22
2003£187,725 £1,974 22
2002£161,039 £1,794 25
2001£139,085 £1,372 29
2000£114,237 £1,180 19
1999£91,706 £950 23
1998£87,932 £1,002 22
1997£91,535 £876 14
1996£82,529 £793 17
1995£71,942 £804 13
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£100,0001
2023£264,500 £3,667 2
2022£275,000 £3,618 1
2019£95,0001
2018£110,000 £2,683 1
2017£9,500 £101 3
2016£78,910 £2,325 5

House Type in ME5 8YL area

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

Total137
Terraced107
Detached15
Semi-detached13
Flat2
Shared house0
converted building0
commercial building0
temporary structure0

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 loan46
Owned: Owns outright30
Social rented: Other social rented30
Private rented: Private landlord or letting agency14
Social rented: Rents from council or Local Authority9
Private rented: Other private rented4
Shared ownership: Shared ownership2
Does not apply0
Lives rent free0

Number of People in a Household

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

2 people in household38
3 people in household36
4 people in household25
1 person in household24
5 people in household7
6 people in household7
0 people in household0
7 people in household0
8 or more people in household0