Housing Market Analysis for SOVEREIGN PLACE, ME7 2BB

Are you looking to understand ME7 2BB 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 ME7 2BB area, explore the ME7 2BB Area information page.
For comprehensive crime statistics in the ME7 2BB area, explore the ME7 2BB Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME7 2BB postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £312,600 median price is £310,000 Standard Deviation is £15,970 with Total Sold: 5
    • The Last 5 Year average price is £321,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 1 SOVEREIGN PLACE: £338,000 (Sold on 22 Jun 2022)
    • The first recorded sale happened at this postcode is 5 SOVEREIGN PLACE: £320,000 (Sold on 03 Jan 2018)
  • Semi-Detached
    • The average price is around £310,000 median price is £310,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 4 SOVEREIGN PLACE: £310,000 (Sold on 16 Nov 2018)
    • The first recorded sale happened at this postcode is 4 SOVEREIGN PLACE: £310,000 (Sold on 16 Nov 2018)

Sold Price Trend Over the Years:

Below table and chart gives the average ME7 2BB 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
2022£338,000 £3,282 1
2020£305,000 £2,961 1
2018£306,667 £2,977 3
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£310,000 £3,010 1

All the Sales in the SOVEREIGN PLACE, ME7 2BB

See the table below for more details on the sold house prices in the ME7 2BB, Medway postcode.

AddressSold DatePrice% Change
1 SOVEREIGN PLACETerraced, FreeholdArea: 103 Sq.mtr22 Jun 2022£338,0009.03%
20 Dec 2018£310,000First Sale
3 SOVEREIGN PLACETerraced, FreeholdArea: 103 Sq.mtr20 Nov 2020£305,000First Sale
2 SOVEREIGN PLACETerraced, FreeholdArea: 103 Sq.mtr22 Nov 2018£290,000First Sale
4 SOVEREIGN PLACESemi-Detached, FreeholdArea: 103 Sq.mtr16 Nov 2018£310,000First Sale
5 SOVEREIGN PLACETerraced, FreeholdArea: 103 Sq.mtr03 Jan 2018£320,000First Sale

Check out the sold house prices near the ME7 2BB postcode. Properties currently for saleProperties currently for rent

SOVEREIGN PLACE, ME7 2BB Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME7 2BB 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 ME7 2BB postcode.

  • Terraced
    • The average price is around £155,256 median price is £150,000 Standard Deviation is £79,222 with Total Sold: 1,405
    • The Last 5 Year average price is £259,139 with Total Sold: 215
    • The most recent sale happened at this postcode is , 48 WATERSIDE LANE: £376,000 (Sold on 10 Sep 2024)
    • The first recorded sale happened at this postcode is , 289 WOODLANDS ROAD: £38,600 (Sold on 10 Jan 1995)
  • Semi-Detached
    • The average price is around £176,803 median price is £179,248 Standard Deviation is £81,663 with Total Sold: 330
    • The Last 5 Year average price is £276,182 with Total Sold: 50
    • The most recent sale happened at this postcode is , 274 GRANGE ROAD: £327,000 (Sold on 16 Aug 2024)
    • The first recorded sale happened at this postcode is , 191 GRANGE ROAD: £60,000 (Sold on 07 Apr 1995)
  • Flat
    • The average price is around £114,179 median price is £122,000 Standard Deviation is £44,790 with Total Sold: 375
    • The Last 5 Year average price is £162,359 with Total Sold: 59
    • The most recent sale happened at this postcode is , 12 CONQUEROR DRIVE: £168,000 (Sold on 05 Aug 2024)
    • The first recorded sale happened at this postcode is , 22 CYPRESS COURT: £41,900 (Sold on 23 Feb 1995)
  • Detached
    • The average price is around £223,843 median price is £226,250 Standard Deviation is £105,923 with Total Sold: 202
    • The Last 5 Year average price is £328,684 with Total Sold: 34
    • The most recent sale happened at this postcode is , 11 ARCHBISHOPS CRESCENT: £485,000 (Sold on 28 Mar 2024)
    • The first recorded sale happened at this postcode is , CHANTILLY BUTTERMERE CLOSE: £59,995 (Sold on 17 Mar 1995)
  • Other
    • The average price is around £133,848 median price is £129,334 Standard Deviation is £120,921 with Total Sold: 14
    • The Last 5 Year average price is £190,292 with Total Sold: 4
    • The most recent sale happened at this postcode is , 67 CONQUEROR DRIVE: £375,000 (Sold on 21 Apr 2022)
    • The first recorded sale happened at this postcode is , 59 LAYFIELD ROAD: £132,000 (Sold on 06 Nov 2015)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£293,000 £2,695 12
2023£275,750 £3,631 36
2022£272,229 £3,481 35
2021£261,028 £3,378 63
2020£232,160 £2,836 35
2019£240,397 £3,019 34
2018£234,566 £3,068 48
2017£223,183 £3,081 37
2016£218,468 £2,688 47
2015£187,771 £2,441 59
2014£170,211 £2,163 48
2013£138,380 £1,820 37
2012£153,462 £1,951 27
2011£141,688 £1,673 39
2010£168,667 £1,948 24
2009£127,719 £1,864 24
2008£157,313 £2,019 42
2007£177,761 £2,213 107
2006£168,233 £2,002 73
2005£153,970 £1,916 62
2004£139,929 £1,694 53
2003£139,411 £1,632 52
2002£109,334 £1,179 61
2001£94,116 £1,072 97
2000£75,719 £981 65
1999£53,929 £689 47
1998£48,221 £691 48
1997£43,212 £581 36
1996£42,367 £594 26
1995£36,688 £486 31
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£309,500 £2,485 4
2023£307,417 £3,407 6
2022£301,010 £3,363 10
2021£253,853 £3,167 17
2020£265,200 £3,562 5
2019£259,375 £3,163 8
2018£254,273 £3,107 11
2017£262,453 £3,211 16
2016£229,812 £2,331 8
2015£205,700 £2,420 10
2014£182,450 £2,295 10
2013£179,500 £1,957 2
2012£173,040 £1,669 12
2011£169,687 £1,750 16
2010£151,375 £2,110 8
2009£139,214 £1,455 7
2008£199,184 £2,435 21
2007£179,690 £2,140 28
2006£175,387 £2,120 25
2005£176,718 £1,929 13
2004£161,227 £1,866 11
2003£134,499 £1,803 11
2002£111,154 £1,657 9
2001£96,589 £1,223 15
2000£85,259 £971 11
1999£64,800 £1,066 5
1998£54,336 £678 12
1997£54,317 £663 6
1996£50,100 £481 5
1995£49,367 £783 8
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£186,000 £2,575 6
2023£169,212 £3,687 8
2022£159,767 £2,866 15
2021£160,917 £2,969 12
2020£151,571 £2,619 7
2019£156,455 £2,661 11
2018£125,903 £2,402 18
2017£156,431 £2,751 13
2016£139,733 £2,569 15
2015£125,059 £2,217 17
2014£120,500 £2,142 20
2013£94,009 £1,443 8
2012£107,200 £1,845 5
2011£96,404 £1,584 8
2010£69,479 £1,452 5
2009£77,821 £1,297 7
2008£114,915 £2,210 43
2007£133,995 £2,427 35
2006£90,642 £1,801 13
2005£121,687 £2,098 39
2004£83,000 £1,846 4
2003£82,822 £1,763 10
2002£63,948 £1,480 10
2001£51,177 £1,163 14
2000£49,000 £1,058 4
1999£40,577 £858 13
1998£36,140 £781 5
1997£38,500 £848 3
1996£36,916 £770 6
1995£41,900 £762 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£485,0001
2023£327,000 £4,241 9
2022£341,844 £4,792 8
2021£310,000 £3,737 7
2020£341,250 £3,711 4
2019£295,500 £3,670 5
2018£387,583 £3,089 6
2017£300,000 £3,701 6
2016£284,850 £2,968 10
2015£280,000 £3,033 4
2014£235,900 £2,583 5
2013£210,000 £2,810 7
2012£220,625 £2,033 8
2011£142,375 £1,958 4
2010£218,800 £2,299 5
2009£237,571 £2,217 7
2008£240,842 £2,690 23
2007£240,841 £2,476 19
2006£227,000 £2,391 3
2005£192,992 £1,954 6
2004£157,299 £1,542 5
2003£214,875 £1,820 8
2002£117,399 £1,591 9
2001£102,999 £1,318 9
2000£121,064 £795 2
1999£72,642 £855 7
1998£93,000 £570 3
1997£68,165 £630 3
1996£51,800 £584 5
1995£67,372 £817 4
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£315,000 £4,054 2
2021£126,667 £3,519 1
2019£4,500 £51 1
2018£53,0405
2017£166,833 £2,584 3
2016£215,000 £2,287 1
2015£132,000 £830 1

House Type in ME7 2BB area

The most common house types in the ME7 2BB postcode area are Terraced (138), Semi-detached (48), and Detached (3).

Total190
Terraced138
Semi-detached48
Detached3
Flat1
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 (86), and Owned: Owns outright (53).

Owned: Owns with a mortgage or loan86
Owned: Owns outright53
Private rented: Private landlord or letting agency33
Shared ownership: Shared ownership11
Private rented: Other private rented5
Social rented: Other social rented3
Social rented: Rents from council or Local Authority1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the ME7 2BB have 2 people in household (72), and 1 person in household (47).

2 people in household72
1 person in household47
3 people in household37
4 people in household26
5 people in household8
6 people in household1
7 people in household1
0 people in household0
8 or more people in household0