Housing Market Analysis for THIRD AVENUE, ME7 2LU

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

Overview of Sold House prices

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

Terraced
- The average price is around £129,843 median price is £118,750 Standard Deviation is £80,600 with Total Sold: 32
- The Last 5 Year average price is £320,667 with Total Sold: 3
- The most recent sale happened at this postcode is 102 THIRD AVENUE: £355,000 (Sold on 10 Jun 2022)
- The first recorded sale happened at this postcode is 74 THIRD AVENUE: £35,000 (Sold on 07 Jun 1996)
Detached
- The average price is around £201,500 median price is £207,000 Standard Deviation is £35,527 with Total Sold: 3
- The most recent sale happened at this postcode is 98 THIRD AVENUE: £242,000 (Sold on 12 Oct 2007)
- The first recorded sale happened at this postcode is 98 THIRD AVENUE: £155,500 (Sold on 10 May 2002)

Sold Price Trend Over the Years:

Below table and chart gives the average ME7 2LU 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
2022	£326,000	£3,968	2
2021	£310,000	£3,333	1
2017	£230,000	£3,069	1
2012	£187,000	£1,816	1
2011	£117,500	£1,568	1
2010	£137,000	£1,649	1
2009	£140,500	£1,647	2
2007	£187,998	£1,981	3
2006	£156,000		1
2005	£135,000	£1,534	1
2004	£165,000	£1,866	1
2002	£107,500	£1,421	2
2001	£108,500	£1,180	2
2000	£87,498	£1,111	2
1999	£61,667	£679	3
1998	£64,000		1
1997	£56,122	£624	4
1996	£46,665	£485	3

House Type: Detached

Year	Avg. Price	Sold
2007	£242,000	1
2006	£207,000	1
2002	£155,500	1

All the Sales in the THIRD AVENUE, ME7 2LU

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

Address	Sold Date	Price	% Change
102 THIRD AVENUETerraced, FreeholdArea: 83.14 Sq.mtrAge: 1900-1929	10 Jun 2022	£355,000	120.50%
	18 Sep 2009	£161,000	First Sale
112 THIRD AVENUETerraced, FreeholdArea: 81 Sq.mtrAge: 1900-1929	07 Jan 2022	£297,000	230.02%
	04 Dec 2000	£89,995	63.63%
	21 May 1999	£55,000	First Sale
82 THIRD AVENUETerraced, FreeholdArea: 93 Sq.mtrAge: 1900-1929	27 Sep 2021	£310,000	588.97%
	20 Jan 1997	£44,995	First Sale
106 THIRD AVENUETerraced, FreeholdArea: 74.94 Sq.mtrAge: 1900-1929	21 Jul 2017	£230,000	95.74%
	01 Apr 2011	£117,500	130.41%
	29 Aug 1997	£50,995	First Sale
114 THIRD AVENUETerraced, FreeholdArea: 103 Sq.mtrAge: 1900-1929	28 Sep 2012	£187,000	-8.33%
	12 Jan 2007	£204,000	67.90%
	05 Oct 2001	£121,500	143.00%
	30 Aug 1996	£50,000	First Sale
78 THIRD AVENUETerraced, FreeholdArea: 83.1 Sq.mtrAge: 1900-1929	22 Jul 2010	£137,000	First Sale
86 THIRD AVENUETerraced, FreeholdArea: 88.44 Sq.mtrAge: before 1900	24 Apr 2009	£120,000	-27.27%
	12 Aug 2004	£165,000	139.13%
	23 Sep 1997	£69,000	First Sale
98 THIRD AVENUEDetached, Freehold	12 Oct 2007	£242,000	16.91%
	15 Nov 2006	£207,000	33.12%
	10 May 2002	£155,500	First Sale
94 THIRD AVENUETerraced, Freehold	04 Apr 2007	£199,995	166.66%
	16 Aug 1999	£75,000	26.05%
	09 Jan 1997	£59,500	First Sale
84 THIRD AVENUETerraced, Freehold	19 Feb 2007	£160,000	First Sale
90 THIRD AVENUETerraced, Freehold	23 Nov 2006	£156,000	First Sale
88 THIRD AVENUETerraced, FreeholdArea: 88 Sq.mtrAge: 1900-1929	07 Oct 2005	£135,000	First Sale
80 THIRD AVENUETerraced, FreeholdArea: 95 Sq.mtrAge: 1900-1929	19 Dec 2002	£135,000	First Sale
72 THIRD AVENUETerraced, Freehold	27 Aug 2002	£80,000	First Sale
110 THIRD AVENUETerraced, Freehold	27 Apr 2001	£95,500	First Sale
108 THIRD AVENUETerraced, Freehold	16 Feb 2000	£85,000	54.55%
108 THIRD AVENUETerraced, Freehold	14 Sep 1999	£55,000	First Sale
76 THIRD AVENUETerraced, Freehold	17 Jul 1998	£64,000	First Sale
74 THIRD AVENUETerraced, Freehold	25 Oct 1996	£54,995	57.13%
74 THIRD AVENUETerraced, Freehold	07 Jun 1996	£35,000	First Sale

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

THIRD AVENUE, ME7 2LU Near By properties

Interactive Map

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

Terraced
- The average price is around £146,726 median price is £135,000 Standard Deviation is £82,508 with Total Sold: 1,723
- The Last 5 Year average price is £262,930 with Total Sold: 298
- The most recent sale happened at this postcode is , 59 ALEXANDRA AVENUE: £320,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 126 ALBANY ROAD: £44,500 (Sold on 20 Jan 1995)
Semi-Detached
- The average price is around £189,057 median price is £171,500 Standard Deviation is £99,928 with Total Sold: 662
- The Last 5 Year average price is £324,122 with Total Sold: 110
- The most recent sale happened at this postcode is , 18 MALVERN ROAD: £388,000 (Sold on 28 Aug 2024)
- The first recorded sale happened at this postcode is , 36 FIRST AVENUE: £74,000 (Sold on 06 Jan 1995)
Detached
- The average price is around £232,179 median price is £215,000 Standard Deviation is £128,186 with Total Sold: 271
- The Last 5 Year average price is £390,317 with Total Sold: 45
- The most recent sale happened at this postcode is , 48 CLEAVE ROAD: £275,000 (Sold on 09 Aug 2024)
- The first recorded sale happened at this postcode is , 102 FIRST AVENUE: £69,000 (Sold on 17 Feb 1995)
Other
- The average price is around £363,149 median price is £221,538 Standard Deviation is £434,473 with Total Sold: 20
- The Last 5 Year average price is £491,364 with Total Sold: 11
- The most recent sale happened at this postcode is , MEDWAY FEATHER CO BRASENOSE ROAD: £345,000 (Sold on 14 Jul 2023)
- The first recorded sale happened at this postcode is , 78 LIVINGSTONE ROAD: £385,000 (Sold on 04 Jul 2014)
Flat
- The average price is around £90,763 median price is £92,830 Standard Deviation is £47,270 with Total Sold: 25
- The Last 5 Year average price is £151,600 with Total Sold: 5
- The most recent sale happened at this postcode is , 157B BARNSOLE ROAD: £145,000 (Sold on 30 Sep 2022)
- The first recorded sale happened at this postcode is GROUND FLOOR FLAT, 32 MALVERN ROAD: £42,200 (Sold on 18 May 1995)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£273,833	£2,432	24
2023	£277,452	£3,278	52
2022	£283,685	£3,408	54
2021	£263,860	£3,074	67
2020	£248,210	£2,694	50
2019	£234,225	£2,704	51
2018	£230,299	£2,757	50
2017	£230,109	£2,701	59
2016	£221,607	£2,494	70
2015	£180,190	£2,065	55
2014	£165,802	£1,916	47
2013	£153,397	£1,836	38
2012	£136,680	£1,629	36
2011	£147,422	£1,650	29
2010	£152,333	£1,997	24
2009	£133,303	£1,701	28
2008	£147,284	£1,739	29
2007	£158,694	£1,844	76
2006	£147,449	£1,639	84
2005	£138,974	£1,603	57
2004	£132,246	£1,527	68
2003	£123,247	£1,470	72
2002	£104,114	£1,219	81
2001	£77,071	£892	113
2000	£72,527	£792	70
1999	£58,165	£658	65
1998	£53,909	£604	68
1997	£49,914	£527	74
1996	£44,462	£506	80
1995	£44,488	£479	52

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£350,778	£2,576	9
2023	£355,765	£3,599	17
2022	£367,076	£3,640	18
2021	£299,049	£3,073	33
2020	£297,833	£2,952	12
2019	£304,686	£2,947	21
2018	£320,065	£3,020	20
2017	£291,969	£2,933	16
2016	£255,394	£2,645	24
2015	£237,750	£2,349	24
2014	£207,450	£2,214	18
2013	£215,250	£1,921	16
2012	£215,731	£1,949	13
2011	£196,056	£1,852	19
2010	£171,766	£1,784	15
2009	£165,408	£1,698	30
2008	£185,933	£1,891	15
2007	£191,434	£2,081	26
2006	£202,566	£1,658	38
2005	£155,794	£1,569	32
2004	£156,798	£1,605	20
2003	£146,875	£1,470	40
2002	£126,450	£1,186	15
2001	£124,388	£1,079	32
2000	£84,293	£859	24
1999	£78,072	£731	27
1998	£73,661	£779	28
1997	£65,250	£617	21
1996	£68,112	£591	16
1995	£58,993	£537	23

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£343,063		4
2023	£497,125	£3,874	8
2022	£433,500	£4,579	10
2021	£305,000	£3,526	8
2020	£396,167	£3,882	6
2019	£340,333	£3,134	9
2018	£392,424	£3,018	7
2017	£355,100	£3,027	10
2016	£343,678	£3,334	9
2015	£342,667	£2,639	6
2014	£304,700	£2,295	5
2013	£220,500	£2,060	10
2012	£237,558	£2,200	12
2011	£251,500	£2,109	8
2010	£302,700	£2,227	5
2009	£187,708	£2,120	6
2008	£227,250	£2,165	5
2007	£248,683	£2,267	9
2006	£240,999	£2,177	14
2005	£231,181	£2,060	8
2004	£182,462	£1,700	4
2003	£188,666	£1,809	6
2002	£178,158	£1,473	19
2001	£134,333	£1,468	9
2000	£127,166	£1,034	15
1999	£121,507	£1,080	14
1998	£98,762	£922	13
1997	£83,192	£735	13
1996	£85,999	£765	9
1995	£87,650	£718	10

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£345,000		1
2022	£813,000	£31	3
2021	£190,000	£1,071	3
2020	£525,333	£625	3
2019	£475,000		1
2018	£167,019	£2,392	4
2017	£147,500		2
2015	£427,407		1
2014	£233,750	£2,053	2

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£167,500	£2,903	4
2019	£88,000		1
2018	£138,500	£2,234	1
2017	£98,496	£2,519	3
2015	£140,000		1
2007	£112,333	£2,101	3
2005	£96,000		1
2004	£80,000		1
2003	£55,995		1
2002	£51,500		2
2001	£49,999		1
2000	£29,995		1
1999	£46,500		1
1998	£37,400		1
1996	£29,500	£673	2
1995	£42,200		1

House Type in ME7 2LU area

The most common house types in the ME7 2LU postcode area are Terraced (92), Semi-detached (14), and Detached (11).

Total	129
Terraced	92
Semi-detached	14
Detached	11
commercial building	7
Flat	4
converted building	1
Shared house	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 (53), and Owned: Owns outright (35).

Owned: Owns with a mortgage or loan	53
Owned: Owns outright	35
Private rented: Private landlord or letting agency	22
Social rented: Rents from council or Local Authority	16
Social rented: Other social rented	3
Private rented: Other private rented	3
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the ME7 2LU have 2 people in household (45), and 1 person in household (37).

2 people in household	45
1 person in household	37
3 people in household	33
4 people in household	11
5 people in household	3
7 people in household	2
0 people in household	0
6 people in household	0
8 or more people in household	0