Housing Market Analysis for MERTON CLOSE, ME5 8YX

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

Overview of Sold House prices

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

Semi-Detached
- The average price is around £235,857 median price is £295,000 Standard Deviation is £90,723 with Total Sold: 7
- The Last 5 Year average price is £315,000 with Total Sold: 3
- The most recent sale happened at this postcode is 6 MERTON CLOSE: £330,000 (Sold on 14 Apr 2022)
- The first recorded sale happened at this postcode is 15 MERTON CLOSE: £79,000 (Sold on 30 Apr 1999)
Detached
- The average price is around £209,290 median price is £205,000 Standard Deviation is £90,828 with Total Sold: 31
- The Last 5 Year average price is £390,000 with Total Sold: 2
- The most recent sale happened at this postcode is 23 MERTON CLOSE: £310,000 (Sold on 24 May 2019)
- The first recorded sale happened at this postcode is 22 MERTON CLOSE: £470,000 (Sold on 03 May 2024)
Terraced
- The average price is around £173,000 median price is £173,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 11 MERTON CLOSE: £173,000 (Sold on 03 Apr 2006)
- The first recorded sale happened at this postcode is 11 MERTON CLOSE: £173,000 (Sold on 03 Apr 2006)

Sold Price Trend Over the Years:

Below table and chart gives the average ME5 8YX 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: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£330,000	£4,925	1
2021	£307,500	£4,373	2
2018	£295,000	£3,933	1
2004	£182,000	£2,427	1
2003	£150,000	£2,308	1
1999	£79,000	£1,053	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£310,000	£3,974	1
2018	£292,500	£3,538	3
2017	£292,500	£3,054	2
2016	£302,500	£2,923	2
2013	£245,000	£2,333	1
2012	£235,000	£2,304	2
2009	£182,000	£2,422	1
2007	£227,498	£2,400	2
2006	£211,000	£2,315	2
2004	£200,498	£2,412	3
2003	£174,500		1
2002	£141,250	£1,637	2
2001	£140,498	£1,652	2
2000	£113,000	£1,487	1
1999	£83,000	£1,105	1
1998	£89,000	£1,063	2
1997	£70,000		1
1996	£83,000		1
2024	£470,000		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2006	£173,000		1

All the Sales in the MERTON CLOSE, ME5 8YX

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

Address	Sold Date	Price	% Change
6 MERTON CLOSESemi-Detached, FreeholdArea: 67 Sq.mtrAge: 1976-1982	14 Apr 2022	£330,000	First Sale
7 MERTON CLOSESemi-Detached, FreeholdArea: 66 Sq.mtrAge: 1976-1982	22 Sep 2021	£300,000	100.00%
	25 Apr 2003	£150,000	First Sale
15 MERTON CLOSESemi-Detached, FreeholdArea: 75 Sq.mtrAge: 1976-1982	30 Mar 2021	£315,000	6.78%
	05 Apr 2018	£295,000	62.09%
	02 Jul 2004	£182,000	130.38%
	30 Apr 1999	£79,000	First Sale
23 MERTON CLOSEDetached, FreeholdArea: 78 Sq.mtrAge: 1976-1982	24 May 2019	£310,000	6.90%
	05 Aug 2016	£290,000	52.63%
	24 Jun 2004	£190,000	140.51%
	29 Jul 1998	£79,000	First Sale
25 MERTON CLOSEDetached, FreeholdArea: 103 Sq.mtrAge: 1967-1975	26 Jun 2018	£284,000	38.54%
	24 May 2007	£205,000	First Sale
24 MERTON CLOSEDetached, FreeholdArea: 76 Sq.mtrAge: 1967-1975	02 Feb 2018	£290,000	59.78%
	09 Jan 2004	£181,500	60.62%
	24 May 2000	£113,000	First Sale
5 MERTON CLOSEDetached, FreeholdArea: 75.13 Sq.mtrAge: 1967-1975	08 Jan 2018	£303,500	66.76%
	15 Dec 2009	£182,000	51.04%
	28 Mar 2002	£120,500	45.18%
	28 Oct 1999	£83,000	First Sale
12 MERTON CLOSEDetached, FreeholdArea: 95 Sq.mtrAge: 1983-1990	21 Dec 2017	£355,000	First Sale
3 MERTON CLOSEDetached, FreeholdArea: 97 Sq.mtrAge: 1967-1975	17 Jul 2017	£230,000	41.98%
	17 Apr 2002	£162,000	First Sale
14 MERTON CLOSEDetached, FreeholdArea: 148 Sq.mtrAge: 1976-1982	02 Sep 2016	£315,000	First Sale
1 MERTON CLOSEDetached, FreeholdArea: 105 Sq.mtrAge: 1976-1982	01 Nov 2013	£245,000	First Sale
17 MERTON CLOSEDetached, FreeholdArea: 111.42 Sq.mtrAge: 1983-1990	28 Jun 2012	£240,000	First Sale
9 MERTON CLOSEDetached, FreeholdArea: 93.72 Sq.mtrAge: 1967-1975	23 Mar 2012	£230,000	5.99%
	24 Apr 2006	£217,000	First Sale
22 MERTON CLOSEDetached, FreeholdArea: 89 Sq.mtrAge: 1983-1990	19 Dec 2007	£249,995	70.07%
	02 Jul 2001	£146,995	48.48%
	12 Jun 1998	£99,000	-78.94%
	03 May 2024	£470,000	First Sale
11 MERTON CLOSETerraced, Freehold	03 Apr 2006	£173,000	29.10%
	23 Nov 2001	£134,000	91.43%
	21 Feb 1997	£70,000	First Sale
4 MERTON CLOSEDetached, Freehold	02 Mar 2006	£205,000	First Sale
26 MERTON CLOSEDetached, Freehold	20 Dec 2004	£229,995	First Sale
2 MERTON CLOSEDetached, Freehold	19 Nov 2003	£174,500	First Sale
21 MERTON CLOSEDetached, Freehold	27 Aug 1996	£83,000	First Sale

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

MERTON CLOSE, ME5 8YX Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £150,812 median price is £138,750 Standard Deviation is £86,904 with Total Sold: 934
- The Last 5 Year average price is £296,333 with Total Sold: 119
- 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 £131,873 median price is £128,995 Standard Deviation is £70,745 with Total Sold: 1,165
- The Last 5 Year average price is £246,131 with Total Sold: 162
- 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 £211,741 median price is £203,622 Standard Deviation is £110,045 with Total Sold: 460
- The Last 5 Year average price is £382,274 with Total Sold: 73
- 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 £87,008 median price is £85,498 Standard Deviation is £48,095 with Total Sold: 152
- The Last 5 Year average price is £154,760 with Total Sold: 24
- 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 £167,667 median price is £183,000 Standard Deviation is £42,240 with Total Sold: 3
- The most recent sale happened at this postcode is , 42 SHEPPERTON CLOSE: £110,000 (Sold on 20 Mar 2018)
- 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	£307,333		9
2023	£305,316	£4,503	19
2022	£321,387	£4,632	30
2021	£302,900	£3,880	25
2020	£273,706	£3,902	17
2019	£254,184	£3,638	19
2018	£270,488	£3,799	26
2017	£258,130	£3,470	23
2016	£240,224	£3,112	29
2015	£217,611	£2,855	27
2014	£180,525	£2,671	24
2013	£161,348	£2,512	23
2012	£163,038	£2,145	13
2011	£144,818	£2,212	11
2010	£169,857	£2,154	14
2009	£155,262	£2,284	21
2008	£164,300	£2,175	15
2007	£170,632	£2,521	36
2006	£166,859	£2,219	46
2005	£146,595	£2,182	42
2004	£150,681	£2,119	44
2003	£135,803	£2,080	46
2002	£102,553	£1,582	46
2001	£92,369	£1,259	52
2000	£83,089	£1,133	54
1999	£69,786	£999	52
1998	£61,375	£928	45
1997	£55,319	£800	47
1996	£51,866	£688	43
1995	£51,208	£795	36

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£265,227	£2,687	11
2023	£282,717	£4,095	23
2022	£274,625	£4,270	20
2021	£236,218	£3,552	39
2020	£237,435	£3,423	31
2019	£220,731	£3,409	38
2018	£218,039	£3,276	27
2017	£211,567	£3,337	30
2016	£208,905	£2,976	42
2015	£180,802	£2,847	32
2014	£156,122	£2,431	43
2013	£145,784	£1,976	29
2012	£143,811	£1,931	28
2011	£123,379	£1,974	17
2010	£133,400	£1,892	20
2009	£122,618	£1,913	19
2008	£142,250	£2,217	26
2007	£149,073	£2,243	46
2006	£138,155	£2,027	61
2005	£130,305	£2,081	36
2004	£126,789	£2,045	63
2003	£117,318	£1,756	66
2002	£93,472	£1,451	54
2001	£74,987	£1,122	61
2000	£65,583	£1,058	56
1999	£55,213	£863	74
1998	£51,618	£767	57
1997	£46,592	£723	56
1996	£42,573	£651	37
1995	£43,067	£653	23

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£385,250	£6,250	8
2023	£384,550	£4,002	10
2022	£422,875	£4,438	8
2021	£388,471	£3,653	17
2020	£366,625	£3,723	16
2019	£366,107	£3,584	14
2018	£351,500	£3,818	10
2017	£324,444	£3,734	9
2016	£307,714	£3,236	14
2015	£260,800	£3,115	10
2014	£255,800	£2,468	10
2013	£243,500	£2,437	11
2012	£229,867	£2,336	15
2011	£217,857	£2,312	7
2010	£201,667	£2,169	6
2009	£218,375	£2,168	8
2008	£195,529	£1,953	7
2007	£232,565	£2,530	23
2006	£229,302	£2,316	28
2005	£234,332	£1,736	9
2004	£194,419	£2,196	28
2003	£193,572	£2,174	20
2002	£151,749	£1,832	26
2001	£134,903	£1,440	26
2000	£117,765	£1,220	17
1999	£95,712	£1,096	27
1998	£88,158	£1,035	19
1997	£93,911	£948	17
1996	£84,450	£810	20
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	£153,929	£3,445	7
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
2018	£110,000	£2,683	1
2016	£196,500	£4,648	2

House Type in ME5 8YX area

The most common house types in the ME5 8YX postcode area are Semi-detached (42), Terraced (34), and Detached (30).

Total	118
Semi-detached	42
Terraced	34
Detached	30
Flat	11
commercial building	1
Shared house	0
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 (57), and Owned: Owns outright (31).

Owned: Owns with a mortgage or loan	57
Owned: Owns outright	31
Private rented: Private landlord or letting agency	27
Social rented: Other social rented	2
Shared ownership: Shared ownership	1
Private rented: Other private rented	1
Does not apply	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the ME5 8YX have 1 person in household (42), and 2 people in household (38).

1 person in household	42
2 people in household	38
4 people in household	20
3 people in household	18
5 people in household	1
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0