Housing Market Analysis for HEREFORD CLOSE, ME8 7BD

Are you looking to understand ME8 7BD 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 7BD area, explore the ME8 7BD Area information page.
For comprehensive crime statistics in the ME8 7BD area, explore the ME8 7BD Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME8 7BD postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £161,885 median price is £147,500 Standard Deviation is £72,255 with Total Sold: 20
    • The Last 5 Year average price is £270,000 with Total Sold: 3
    • The most recent sale happened at this postcode is 13 HEREFORD CLOSE: £297,500 (Sold on 23 Sep 2024)
    • The first recorded sale happened at this postcode is 14 HEREFORD CLOSE: £55,000 (Sold on 05 Aug 1997)
  • Semi-Detached
    • The average price is around £234,333 median price is £240,000 Standard Deviation is £72,371 with Total Sold: 3
    • The Last 5 Year average price is £320,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 1 HEREFORD CLOSE: £320,000 (Sold on 14 Feb 2023)
    • The first recorded sale happened at this postcode is 1 HEREFORD CLOSE: £143,000 (Sold on 29 Oct 2004)

Sold Price Trend Over the Years:

Below table and chart gives the average ME8 7BD 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
2024£297,5001
2022£270,000 £4,219 1
2021£242,500 £3,789 1
2019£230,333 £3,533 3
2016£210,000 £3,281 1
2015£177,000 £2,787 2
2013£152,000 £2,303 1
2012£135,000 £2,143 1
2009£140,000 £2,188 1
2006£139,000 £2,190 2
2005£119,700 £1,870 1
2003£119,500 £1,897 1
2000£70,000 £1,094 1
1998£60,0001
1997£49,250 £770 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£320,000 £4,571 1
2018£240,000 £3,429 1
2004£143,000 £2,043 1

All the Sales in the HEREFORD CLOSE, ME8 7BD

See the table below for more details on the sold house prices in the ME8 7BD, Medway postcode.

AddressSold DatePrice% Change
13 HEREFORD CLOSETerraced, Freehold23 Sep 2024£297,50021.43%
06 Dec 2019£245,00071.33%
31 Jan 2006£143,000First Sale
1 HEREFORD CLOSESemi-Detached, FreeholdArea: 70 Sq.mtrAge: 1967-197514 Feb 2023£320,00033.33%
19 Nov 2018£240,00067.83%
29 Oct 2004£143,000First Sale
2 HEREFORD CLOSETerraced, FreeholdArea: 64 Sq.mtrAge: 1950-196625 Mar 2022£270,00028.57%
30 Sep 2016£210,00050.00%
27 Feb 2009£140,000221.84%
20 Aug 1997£43,500First Sale
6 HEREFORD CLOSETerraced, FreeholdArea: 64 Sq.mtrAge: 1950-196611 Mar 2021£242,50034.72%
16 Dec 2015£180,00033.33%
28 Feb 2006£135,000First Sale
18 HEREFORD CLOSETerraced, FreeholdArea: 66 Sq.mtrAge: 1967-197518 Oct 2019£238,00056.58%
05 Aug 2013£152,000First Sale
17 HEREFORD CLOSETerraced, FreeholdArea: 67 Sq.mtrAge: 1967-197526 Apr 2019£208,000First Sale
11 HEREFORD CLOSETerraced, FreeholdArea: 63 Sq.mtrAge: 1967-197530 Oct 2015£174,00045.61%
21 Nov 2003£119,500First Sale
5 HEREFORD CLOSETerraced, FreeholdArea: 63 Sq.mtrAge: 1967-197531 Aug 2012£135,000First Sale
14 HEREFORD CLOSETerraced, FreeholdArea: 64 Sq.mtrAge: 1967-197503 Nov 2005£119,700117.64%
05 Aug 1997£55,000First Sale
16 HEREFORD CLOSETerraced, FreeholdArea: 64 Sq.mtrAge: 1967-197516 Oct 2000£70,000First Sale
8 HEREFORD CLOSETerraced, Freehold30 Nov 1998£60,000First Sale

Check out the sold house prices near the ME8 7BD postcode. Properties currently for saleProperties currently for rent

HEREFORD CLOSE, ME8 7BD Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME8 7BD 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 7BD postcode.

  • Terraced
    • The average price is around £163,277 median price is £152,000 Standard Deviation is £83,458 with Total Sold: 343
    • The Last 5 Year average price is £280,031 with Total Sold: 57
    • The most recent sale happened at this postcode is , 13 HEREFORD CLOSE: £297,500 (Sold on 23 Sep 2024)
    • The first recorded sale happened at this postcode is , 2 PEMBURY WAY: £48,000 (Sold on 03 May 1995)
  • Other
    • The average price is around £1,857,583 median price is £320,250 Standard Deviation is £4,755,476 with Total Sold: 9
    • The Last 5 Year average price is £351,488 with Total Sold: 4
    • The most recent sale happened at this postcode is , 41 HOLMOAKS: £340,700 (Sold on 12 Aug 2024)
    • The first recorded sale happened at this postcode is , 17 BEDFORD AVENUE: £3,000 (Sold on 26 May 2017)
  • Semi-Detached
    • The average price is around £181,674 median price is £168,000 Standard Deviation is £97,414 with Total Sold: 931
    • The Last 5 Year average price is £319,143 with Total Sold: 168
    • The most recent sale happened at this postcode is , 11 EMMELINE CLOSE: £348,000 (Sold on 10 Jul 2024)
    • The first recorded sale happened at this postcode is , 12 HIGH ELMS: £75,000 (Sold on 12 Jan 1995)
  • Flat
    • The average price is around £91,146 median price is £89,995 Standard Deviation is £48,506 with Total Sold: 81
    • The Last 5 Year average price is £128,400 with Total Sold: 5
    • The most recent sale happened at this postcode is , 5 RIVER VIEW: £135,000 (Sold on 05 Jun 2024)
    • The first recorded sale happened at this postcode is , 25 RIVER VIEW: £24,500 (Sold on 07 Jul 1995)
  • Detached
    • The average price is around £336,666 median price is £355,000 Standard Deviation is £157,965 with Total Sold: 90
    • The Last 5 Year average price is £479,797 with Total Sold: 39
    • The most recent sale happened at this postcode is , 98 HAWTHORNE AVENUE: £490,000 (Sold on 24 Mar 2023)
    • The first recorded sale happened at this postcode is , 7 DANSON WAY: £57,000 (Sold on 28 Jul 1995)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£263,257 £3,916 6
2023£335,444 £3,768 9
2022£300,944 £3,884 9
2021£266,222 £3,514 18
2020£257,513 £3,321 15
2019£250,455 £3,225 11
2018£245,833 £3,123 18
2017£237,714 £2,891 7
2016£229,000 £3,003 10
2015£196,000 £2,610 10
2014£170,156 £2,341 7
2013£180,666 £2,012 9
2012£189,555 £2,169 18
2011£157,500 £2,089 1
2010£151,749 £1,816 6
2009£128,750 £1,720 8
2008£170,425 £1,827 8
2007£150,895 £2,355 12
2006£149,699 £1,756 15
2005£140,012 £1,876 16
2004£136,111 £1,825 9
2003£134,027 £1,727 18
2002£102,194 £1,235 19
2001£84,419 £1,230 13
2000£69,925 £893 15
1999£72,000 £1,057 10
1998£61,873 £719 11
1997£51,709 £688 16
1996£52,068 £592 11
1995£54,374 £655 8
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£340,7001
2023£320,250 £4,387 1
2021£372,500 £3,518 2
2018£7,652,899 £107,773 2
2017£2,167 £8 3
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£332,889 £3,955 9
2023£327,275 £3,985 42
2022£339,964 £4,240 28
2021£314,746 £3,855 65
2020£287,375 £3,444 24
2019£281,715 £3,267 27
2018£266,443 £3,130 40
2017£281,579 £3,290 19
2016£258,986 £3,176 35
2015£205,845 £2,496 29
2014£200,152 £2,407 23
2013£174,964 £2,154 21
2012£172,978 £2,019 27
2011£158,958 £2,036 21
2010£171,993 £2,088 16
2009£158,125 £1,947 24
2008£170,874 £1,996 18
2007£181,559 £2,131 37
2006£163,939 £1,914 38
2005£160,449 £1,795 39
2004£156,120 £1,761 29
2003£138,446 £1,600 33
2002£132,448 £1,474 37
2001£98,831 £1,227 28
2000£89,597 £974 33
1999£77,182 £801 32
1998£66,815 £820 41
1997£59,742 £661 45
1996£58,170 £630 37
1995£58,522 £676 34
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£122,5003
2022£207,000 £3,258 1
2021£67,500 £1,500 1
2018£149,900 £2,946 5
2017£158,750 £2,630 6
2016£146,667 £2,734 3
2015£132,000 £2,449 2
2014£97,500 £1,875 1
2013£77,750 £1,701 2
2012£135,000 £2,125 1
2011£91,000 £1,815 1
2010£98,750 £1,718 2
2008£120,750 £2,270 4
2007£129,583 £2,379 6
2006£98,500 £1,894 2
2005£86,937 £1,743 8
2004£94,995 £1,827 1
2003£70,713 £1,342 7
2002£48,374 £998 4
2001£53,998 £1,101 2
2000£38,590 £758 5
1999£32,189 £631 5
1997£30,665 £590 3
1996£28,699 £594 5
1995£24,500 £544 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£529,333 £4,285 3
2022£360,000 £4,337 1
2021£466,426 £4,176 25
2020£510,345 £4,008 10
2019£369,983 £3,717 6
2018£326,000 £3,368 2
2017£328,000 £3,644 1
2016£415,000 £3,673 1
2015£235,833 £2,557 3
2014£269,988 £2,680 4
2013£282,500 £2,475 2
2012£246,250 £2,377 2
2011£232,500 £1,854 2
2010£130,000 £1,688 1
2009£250,000 £2,039 2
2008£215,000 £2,500 1
2007£336,667 £2,576 3
2006£222,5001
2005£198,667 £2,133 3
2004£203,000 £2,207 1
2002£250,000 £1,553 1
2000£98,746 £1,052 4
1999£108,500 £1,193 4
1998£120,125 £878 4
1996£66,000 £688 1
1995£80,500 £800 2

House Type in ME8 7BD area

The most common house types in the ME8 7BD postcode area are Terraced (60), Semi-detached (49), and Detached (2).

Total111
Terraced60
Semi-detached49
Detached2
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 (50), and Owned: Owns with a mortgage or loan (45).

Owned: Owns outright50
Owned: Owns with a mortgage or loan45
Private rented: Private landlord or letting agency16
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Private rented: Other private rented0
Lives rent free0

Number of People in a Household

The most houses in the ME8 7BD have 2 people in household (46), and 1 person in household (22).

2 people in household46
1 person in household22
4 people in household20
3 people in household15
5 people in household5
7 people in household2
0 people in household0
6 people in household0
8 or more people in household0