Housing Market Analysis for HANOVER DRIVE, ME8 0RE

Are you looking to understand ME8 0RE 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 ME8 0RE area, explore the ME8 0RE Area information page.
For comprehensive crime statistics in the ME8 0RE area, explore the ME8 0RE Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME8 0RE postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £242,233 median price is £235,000 Standard Deviation is £103,100 with Total Sold: 15
    • The Last 5 Year average price is £416,667 with Total Sold: 3
    • The most recent sale happened at this postcode is 37 HANOVER DRIVE: £470,000 (Sold on 03 Feb 2023)
    • The first recorded sale happened at this postcode is 20 HANOVER DRIVE: £80,000 (Sold on 27 Nov 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average ME8 0RE 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
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£470,000 £4,397 1
2021£360,000 £4,444 1
2019£420,000 £3,929 1
2016£290,000 £3,372 1
2014£236,500 £3,096 2
2013£235,000 £2,199 1
2012£242,500 £2,205 1
2010£240,000 £2,245 1
2009£165,000 £2,037 1
2007£200,0001
2002£166,500 £1,885 2
2000£125,000 £1,136 1
1997£80,000 £988 1

All the Sales in the HANOVER DRIVE, ME8 0RE

See the table below for more details on the sold house prices in the ME8 0RE, Medway postcode.

AddressSold DatePrice% Change
37 HANOVER DRIVESemi-Detached, FreeholdArea: 106.89 Sq.mtrAge: 1950-196603 Feb 2023£470,00011.90%
26 Apr 2019£420,00078.72%
30 May 2013£235,000-2.08%
25 Nov 2010£240,000First Sale
35 HANOVER DRIVESemi-Detached, FreeholdArea: 81 Sq.mtrAge: 1930-194930 Jun 2021£360,000118.18%
12 Jun 2009£165,000First Sale
24 HANOVER DRIVESemi-Detached, FreeholdArea: 86 Sq.mtrAge: 1950-196608 Sep 2016£290,000First Sale
20 HANOVER DRIVESemi-Detached, FreeholdArea: 81 Sq.mtrAge: 1950-196620 Aug 2014£245,000206.25%
27 Nov 1997£80,000First Sale
22 HANOVER DRIVESemi-Detached, FreeholdArea: 72 Sq.mtrAge: 1950-196612 Jun 2014£228,00047.10%
02 Oct 2002£155,000First Sale
18 HANOVER DRIVESemi-Detached, FreeholdArea: 110 Sq.mtrAge: 1950-196604 Jul 2012£242,50036.24%
10 May 2002£178,00042.40%
28 Apr 2000£125,000First Sale
33 HANOVER DRIVESemi-Detached, Freehold29 Jun 2007£200,000First Sale

Check out the sold house prices near the ME8 0RE postcode. Properties currently for saleProperties currently for rent

HANOVER DRIVE, ME8 0RE Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME8 0RE 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 ME8 0RE postcode.

  • Detached
    • The average price is around £305,759 median price is £280,000 Standard Deviation is £162,054 with Total Sold: 642
    • The Last 5 Year average price is £507,193 with Total Sold: 117
    • The most recent sale happened at this postcode is , 20 BLOWERS WOOD GROVE: £520,000 (Sold on 02 Aug 2024)
    • The first recorded sale happened at this postcode is , 93 FAIRVIEW AVENUE: £130,000 (Sold on 27 Jan 1995)
  • Semi-Detached
    • The average price is around £211,430 median price is £202,250 Standard Deviation is £111,938 with Total Sold: 536
    • The Last 5 Year average price is £371,810 with Total Sold: 91
    • The most recent sale happened at this postcode is , 141 WIGMORE ROAD: £543,500 (Sold on 02 Aug 2024)
    • The first recorded sale happened at this postcode is , 9 HANOVER DRIVE: £78,000 (Sold on 09 Jan 1995)
  • Terraced
    • The average price is around £150,832 median price is £145,000 Standard Deviation is £81,373 with Total Sold: 772
    • The Last 5 Year average price is £271,144 with Total Sold: 130
    • The most recent sale happened at this postcode is , 8 COPPICE COURT: £205,000 (Sold on 15 Jul 2024)
    • The first recorded sale happened at this postcode is , 36 THORPE WALK: £52,500 (Sold on 12 Jan 1995)
  • Flat
    • The average price is around £104,996 median price is £110,000 Standard Deviation is £50,728 with Total Sold: 185
    • The Last 5 Year average price is £171,500 with Total Sold: 26
    • The most recent sale happened at this postcode is , 36 SEDLEY CLOSE: £210,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , 12A COPPICE COURT: £55,000 (Sold on 05 Apr 1995)
  • Other
    • The average price is around £351,032 median price is £400,000 Standard Deviation is £252,046 with Total Sold: 11
    • The Last 5 Year average price is £331,136 with Total Sold: 10
    • The most recent sale happened at this postcode is , 70A HAWBECK ROAD: £430,000 (Sold on 19 Jan 2024)
    • The first recorded sale happened at this postcode is , 12 MELODY CLOSE: £550,000 (Sold on 15 Dec 2016)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£467,5004
2023£487,846 £4,805 13
2022£581,476 £4,574 21
2021£529,251 £5,208 34
2020£467,000 £4,314 22
2019£463,043 £3,607 23
2018£422,560 £4,087 15
2017£426,647 £3,647 17
2016£448,660 £3,796 25
2015£396,125 £3,226 28
2014£310,866 £2,809 15
2013£279,185 £2,687 24
2012£318,167 £2,763 21
2011£312,650 £2,793 10
2010£335,000 £2,732 21
2009£284,536 £2,785 14
2008£291,306 £2,229 8
2007£317,931 £2,458 30
2006£313,162 £2,416 32
2005£283,858 £2,311 20
2004£293,497 £1,930 20
2003£243,406 £2,175 16
2002£241,831 £1,726 24
2001£182,560 £1,267 33
2000£165,336 £1,307 23
1999£153,759 £1,037 26
1998£135,722 £897 18
1997£122,058 £1,086 35
1996£101,356 £886 34
1995£109,094 £787 16
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£393,250 £4,423 4
2023£390,119 £4,671 21
2022£396,073 £3,806 16
2021£369,043 £4,035 23
2020£341,179 £4,021 14
2019£343,654 £3,549 13
2018£364,000 £3,671 14
2017£314,556 £3,831 18
2016£280,896 £3,357 25
2015£247,286 £2,634 7
2014£252,375 £2,898 20
2013£214,500 £2,443 16
2012£213,746 £2,517 14
2011£193,963 £2,373 15
2010£216,961 £2,484 13
2009£191,363 £2,097 11
2008£213,571 £1,990 7
2007£223,015 £2,433 30
2006£197,911 £2,350 23
2005£206,673 £2,089 24
2004£172,743 £2,046 15
2003£164,114 £1,774 26
2002£155,304 £1,615 23
2001£115,920 £1,292 20
2000£106,584 £1,152 24
1999£89,414 £1,057 21
1998£80,205 £904 22
1997£80,252 £861 25
1996£60,221 £693 18
1995£66,929 £779 14
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£278,600 £3,669 10
2023£297,925 £3,450 20
2022£306,818 £3,816 22
2021£263,598 £3,398 33
2020£238,682 £2,951 22
2019£252,370 £3,080 23
2018£256,571 £3,041 14
2017£227,500 £2,963 28
2016£225,083 £2,755 21
2015£195,943 £2,424 31
2014£175,167 £2,090 15
2013£161,807 £1,878 22
2012£148,233 £1,990 15
2011£150,706 £1,978 17
2010£152,830 £1,942 22
2009£149,406 £1,591 16
2008£196,150 £2,095 13
2007£168,656 £2,128 38
2006£155,351 £1,843 26
2005£149,794 £1,821 27
2004£149,241 £1,726 35
2003£124,847 £1,550 30
2002£99,374 £1,214 24
2001£82,198 £1,176 34
2000£76,027 £930 32
1999£63,122 £790 40
1998£60,454 £761 32
1997£54,002 £667 51
1996£49,087 £589 36
1995£47,863 £569 23
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£205,000 £3,226 2
2023£175,917 £3,006 6
2022£170,000 £3,190 4
2021£172,222 £2,860 9
2020£168,000 £2,441 2
2019£142,500 £2,929 3
2018£145,667 £2,500 3
2017£167,625 £3,015 8
2016£160,857 £2,546 7
2015£132,833 £2,206 6
2014£133,000 £2,099 6
2013£90,500 £1,831 2
2012£101,714 £1,830 7
2011£101,900 £1,769 5
2010£109,312 £1,942 8
2009£132,667 £2,166 3
2008£124,214 £2,402 7
2007£132,799 £2,202 5
2006£123,875 £2,245 8
2005£117,833 £1,800 3
2004£93,495 £1,720 6
2003£99,141 £1,700 7
2002£81,412 £1,457 12
2001£57,368 £1,028 8
2000£61,000 £1,148 4
1999£52,312 £901 8
1998£48,429 £858 7
1997£45,471 £880 9
1996£37,650 £716 15
1995£49,400 £813 5
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£430,0001
2023£504,000 £4,672 2
2022£437,878 £3,069 2
2020£127,550 £3,036 2
2019£247,500 £1,643 3
2016£550,000 £2,412 1

House Type in ME8 0RE area

The most common house types in the ME8 0RE postcode area are Semi-detached (102), Detached (23), and Terraced (0).

Total125
Semi-detached102
Detached23
Terraced0
Flat0
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 outright (70), and Owned: Owns with a mortgage or loan (47).

Owned: Owns outright70
Owned: Owns with a mortgage or loan47
Private rented: Private landlord or letting agency7
Private rented: Other private rented1
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the ME8 0RE have 2 people in household (51), and 1 person in household (25).

2 people in household51
1 person in household25
4 people in household23
3 people in household19
5 people in household5
7 people in household2
6 people in household1
0 people in household0
8 or more people in household0