Housing Market Analysis for REDBRIDGE CLOSE, ME5 8YR

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

Overview of Sold House prices

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

Terraced
- The average price is around £120,740 median price is £125,000 Standard Deviation is £58,620 with Total Sold: 33
- The Last 5 Year average price is £265,000 with Total Sold: 1
- The most recent sale happened at this postcode is 18 REDBRIDGE CLOSE: £265,000 (Sold on 29 Aug 2023)
- The first recorded sale happened at this postcode is 9 REDBRIDGE CLOSE: £56,000 (Sold on 20 Jun 1996)
Semi-Detached
- The average price is around £55,000 median price is £55,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 20 REDBRIDGE CLOSE: £55,000 (Sold on 10 Jan 1996)
- The first recorded sale happened at this postcode is 20 REDBRIDGE CLOSE: £55,000 (Sold on 10 Jan 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 8YR 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	£265,000	£3,397	1
2018	£210,000	£3,333	1
2016	£216,667	£2,468	3
2014	£177,500	£2,064	1
2013	£151,333	£1,888	3
2012	£145,000	£2,302	1
2011	£128,500	£1,714	2
2010	£155,000	£1,746	1
2006	£131,917	£1,608	3
2003	£120,500	£1,616	2
2002	£97,000	£1,138	3
2001	£86,498		2
2000	£54,975	£714	2
1999	£60,500	£705	2
1998	£57,082	£599	3
1997	£55,998		2
1996	£56,000	£651	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
1996	£55,000	£470	1

All the Sales in the REDBRIDGE CLOSE, ME5 8YR

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

Address	Sold Date	Price	% Change
18 REDBRIDGE CLOSETerraced, FreeholdArea: 78 Sq.mtrAge: 1967-1975	29 Aug 2023	£265,000	100.76%
	28 Jan 2011	£132,000	200.00%
	20 Mar 1998	£44,000	First Sale
15 REDBRIDGE CLOSETerraced, FreeholdArea: 63 Sq.mtrAge: 1950-1966	31 Jan 2018	£210,000	35.48%
	12 Sep 2013	£155,000	6.90%
	14 Sep 2012	£145,000	314.29%
	27 Oct 2000	£35,000	First Sale
7 REDBRIDGE CLOSETerraced, FreeholdArea: 77 Sq.mtrAge: 1976-1982	28 Oct 2016	£210,000	43.84%
	11 Oct 2013	£146,000	13.18%
	30 Aug 2006	£129,000	First Sale
9 REDBRIDGE CLOSETerraced, FreeholdArea: 86 Sq.mtrAge: 1976-1982	02 Sep 2016	£240,000	35.21%
	17 Nov 2014	£177,500	27.70%
	11 Jul 2003	£139,000	85.46%
	27 Oct 2000	£74,950	33.84%
	20 Jun 1996	£56,000	First Sale
19 REDBRIDGE CLOSETerraced, FreeholdArea: 106 Sq.mtrAge: 1967-1975	11 Jan 2016	£200,000	First Sale
20 REDBRIDGE CLOSETerraced, FreeholdArea: 117 Sq.mtrAge: 1983-1990	20 Dec 2013	£153,000	178.18%
	10 Jan 1996	£55,000	First Sale
6 REDBRIDGE CLOSETerraced, FreeholdArea: 72 Sq.mtrAge: 1983-1990	17 Oct 2011	£125,000	First Sale
12 REDBRIDGE CLOSETerraced, FreeholdArea: 88.78 Sq.mtrAge: 1976-1982	30 Jul 2010	£155,000	13.35%
	13 Jan 2006	£136,750	25.46%
	29 Nov 2002	£109,000	First Sale
10 REDBRIDGE CLOSETerraced, Freehold	21 Apr 2006	£130,000	52.94%
	26 Oct 2001	£85,000	49.14%
	17 Oct 1997	£56,995	First Sale
2 REDBRIDGE CLOSETerraced, Freehold	04 Jul 2003	£102,000	41.67%
2 REDBRIDGE CLOSETerraced, Freehold	28 Feb 2002	£72,000	First Sale
21 REDBRIDGE CLOSETerraced, FreeholdArea: 105 Sq.mtrAge: 1967-1975	28 May 2002	£110,000	69.24%
	07 Aug 1998	£64,995	First Sale
24 REDBRIDGE CLOSETerraced, Freehold	02 Nov 2001	£87,995	18.11%
	29 Oct 1999	£74,500	35.45%
	14 Mar 1997	£55,000	First Sale
8 REDBRIDGE CLOSETerraced, FreeholdArea: 66 Sq.mtrAge: 1967-1975	11 May 1999	£46,500	First Sale
23 REDBRIDGE CLOSETerraced, Freehold	02 Sep 1998	£62,250	First Sale

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

REDBRIDGE CLOSE, ME5 8YR Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £152,089 median price is £140,000 Standard Deviation is £88,196 with Total Sold: 1,092
- The Last 5 Year average price is £299,935 with Total Sold: 144
- 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 £136,410 median price is £131,500 Standard Deviation is £71,639 with Total Sold: 1,393
- The Last 5 Year average price is £248,942 with Total Sold: 198
- 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 , 33 BURMARSH CLOSE: £42,500 (Sold on 20 Jan 1995)
Detached
- The average price is around £215,013 median price is £209,500 Standard Deviation is £108,710 with Total Sold: 502
- The Last 5 Year average price is £381,219 with Total Sold: 80
- 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)
Flat
- The average price is around £87,321 median price is £85,995 Standard Deviation is £48,094 with Total Sold: 153
- The Last 5 Year average price is £153,970 with Total Sold: 25
- The most recent sale happened at this postcode is , 19 TADBURN GREEN: £195,000 (Sold on 31 Jul 2024)
- The first recorded sale happened at this postcode is , 11 SHEPPERTON CLOSE: £29,500 (Sold on 05 May 1995)
Other
- The average price is around £189,214 median price is £210,000 Standard Deviation is £88,759 with Total Sold: 7
- The Last 5 Year average price is £268,000 with Total Sold: 3
- The most recent sale happened at this postcode is , 5 BROADLANDS DRIVE: £254,000 (Sold on 27 Oct 2023)
- 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	£309,000	£4,327	12
2023	£306,348	£4,383	23
2022	£324,773	£4,628	37
2021	£316,052	£3,941	29
2020	£268,864	£3,794	22
2019	£254,262	£3,631	21
2018	£266,852	£3,772	29
2017	£255,389	£3,452	27
2016	£239,603	£3,149	34
2015	£217,611	£2,855	27
2014	£179,234	£2,650	26
2013	£162,111	£2,440	27
2012	£161,750	£2,155	14
2011	£145,458	£2,223	12
2010	£173,056	£2,205	18
2009	£155,087	£2,243	23
2008	£168,778	£2,183	18
2007	£171,106	£2,512	44
2006	£165,965	£2,163	58
2005	£152,548	£2,192	51
2004	£148,925	£2,090	54
2003	£136,469	£2,059	51
2002	£103,447	£1,543	58
2001	£92,066	£1,254	56
2000	£81,836	£1,132	62
1999	£69,650	£968	64
1998	£61,978	£913	53
1997	£56,120	£809	54
1996	£51,435	£670	50
1995	£51,487	£790	38

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£266,692	£2,687	13
2023	£286,603	£4,095	29
2022	£271,288	£4,220	26
2021	£242,533	£3,519	49
2020	£238,865	£3,412	37
2019	£221,279	£3,298	44
2018	£218,126	£3,266	34
2017	£215,000	£3,287	38
2016	£211,490	£2,984	51
2015	£186,147	£2,852	42
2014	£159,331	£2,445	52
2013	£147,140	£2,003	34
2012	£144,769	£1,963	36
2011	£126,172	£1,969	20
2010	£139,259	£2,016	27
2009	£123,943	£1,927	22
2008	£146,193	£2,224	31
2007	£149,448	£2,203	62
2006	£145,601	£1,997	82
2005	£133,998	£2,027	47
2004	£127,776	£2,013	75
2003	£117,338	£1,759	74
2002	£92,942	£1,442	61
2001	£75,468	£1,131	71
2000	£66,359	£1,045	63
1999	£55,183	£863	82
1998	£52,087	£769	60
1997	£46,991	£729	64
1996	£42,792	£658	40
1995	£42,557	£627	27

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£385,250	£6,250	8
2023	£384,550	£4,002	10
2022	£411,167	£4,370	9
2021	£385,500	£3,638	20
2020	£369,667	£3,664	18
2019	£367,033	£3,591	15
2018	£351,500	£3,818	10
2017	£324,444	£3,734	9
2016	£307,714	£3,236	14
2015	£276,636	£3,095	11
2014	£259,730	£2,398	13
2013	£241,542	£2,437	12
2012	£231,125	£2,284	16
2011	£221,250	£2,214	8
2010	£211,071	£2,170	7
2009	£218,650	£2,168	10
2008	£195,529	£1,953	7
2007	£235,788	£2,484	26
2006	£233,026	£2,322	33
2005	£227,883	£1,972	18
2004	£195,024	£2,182	30
2003	£190,640	£2,126	21
2002	£155,374	£1,868	28
2001	£134,903	£1,440	26
2000	£117,765	£1,220	17
1999	£95,712	£1,096	27
1998	£87,762	£1,018	21
1997	£93,911	£948	17
1996	£85,809	£806	21
1995	£70,772	£848	20

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£180,000		2
2023	£170,833	£3,555	6
2022	£151,562	£3,398	8
2021	£151,062	£3,546	4
2020	£140,000	£4,161	3
2019	£113,750	£3,233	2
2018	£143,700	£3,754	5
2017	£126,250	£2,991	4
2016	£112,000	£3,039	3
2015	£119,998	£2,505	2
2014	£104,399	£2,356	5
2013	£91,000	£1,954	2
2012	£102,900	£1,825	5
2011	£82,000	£2,228	1
2010	£105,000	£1,909	1
2009	£100,000	£1,818	1
2008	£116,500	£2,016	4
2007	£120,999	£2,400	4
2006	£96,812	£2,307	8
2005	£92,250	£2,164	6
2004	£87,090	£2,078	11
2003	£82,312	£1,848	8
2002	£62,817	£1,396	11
2001	£42,943	£1,130	9
2000	£40,304	£1,021	11
1999	£32,722	£875	9
1998	£32,916	£773	6
1997	£19,125	£544	2
1996	£28,000	£473	3
1995	£25,196	£578	7

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£264,500	£3,667	2
2022	£275,000	£3,618	1
2018	£110,000	£2,683	1
2017	£17,500	£98	1
2016	£196,500	£4,648	2

House Type in ME5 8YR area

The most common house types in the ME5 8YR postcode area are Terraced (103), Semi-detached (12), and Detached (4).

Total	121
Terraced	103
Semi-detached	12
Detached	4
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 (37), and Social rented: Other social rented (35).

Owned: Owns with a mortgage or loan	37
Social rented: Other social rented	35
Owned: Owns outright	26
Social rented: Rents from council or Local Authority	14
Private rented: Private landlord or letting agency	6
Private rented: Other private rented	2
Shared ownership: Shared ownership	1
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the ME5 8YR have 2 people in household (43), and 1 person in household (25).

2 people in household	43
1 person in household	25
3 people in household	23
4 people in household	22
5 people in household	7
6 people in household	3
0 people in household	0
7 people in household	0
8 or more people in household	0