Housing Market Analysis for RED CHERRY CLOSE, ME8 7FB

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

Overview of Sold House prices

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

  • Semi-Detached
    • The average price is around £412,750 median price is £414,000 Standard Deviation is £9,601 with Total Sold: 4
    • The Last 5 Year average price is £412,750 with Total Sold: 4
    • The most recent sale happened at this postcode is 11 RED CHERRY CLOSE: £424,000 (Sold on 31 Mar 2022)
    • The first recorded sale happened at this postcode is 4 RED CHERRY CLOSE: £419,000 (Sold on 23 Dec 2021)
  • Detached
    • The average price is around £405,000 median price is £405,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £405,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 2 RED CHERRY CLOSE: £405,000 (Sold on 27 Aug 2021)
    • The first recorded sale happened at this postcode is 2 RED CHERRY CLOSE: £405,000 (Sold on 27 Aug 2021)

Sold Price Trend Over the Years:

Below table and chart gives the average ME8 7FB 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
2022£410,667 £4,568 3
2021£419,000 £4,365 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£405,000 £4,263 1

All the Sales in the RED CHERRY CLOSE, ME8 7FB

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

AddressSold DatePrice% Change
11 RED CHERRY CLOSESemi-Detached, FreeholdArea: 96 Sq.mtrAge: 202131 Mar 2022£424,000First Sale
7 RED CHERRY CLOSESemi-Detached, FreeholdArea: 87 Sq.mtrAge: 202131 Mar 2022£399,000First Sale
9 RED CHERRY CLOSESemi-Detached, FreeholdArea: 87 Sq.mtrAge: 202131 Mar 2022£409,000First Sale
4 RED CHERRY CLOSESemi-Detached, FreeholdArea: 96 Sq.mtrAge: 202123 Dec 2021£419,000First Sale
2 RED CHERRY CLOSEDetached, FreeholdArea: 95 Sq.mtrAge: 202127 Aug 2021£405,000First Sale

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

RED CHERRY CLOSE, ME8 7FB Near By properties

Interactive Map

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

  • Terraced
    • The average price is around £175,322 median price is £163,000 Standard Deviation is £87,563 with Total Sold: 225
    • The Last 5 Year average price is £291,724 with Total Sold: 41
    • 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 , 59 TUFTON ROAD: £55,000 (Sold on 09 Mar 1995)
  • Semi-Detached
    • The average price is around £212,954 median price is £202,750 Standard Deviation is £100,565 with Total Sold: 974
    • The Last 5 Year average price is £340,170 with Total Sold: 224
    • The most recent sale happened at this postcode is , 110 PARKFIELD ROAD: £450,000 (Sold on 09 Sep 2024)
    • The first recorded sale happened at this postcode is , 12 HIGH ELMS: £75,000 (Sold on 12 Jan 1995)
  • Other
    • The average price is around £1,937,723 median price is £600,000 Standard Deviation is £4,250,570 with Total Sold: 11
    • The Last 5 Year average price is £792,140 with Total Sold: 5
    • 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 , 28 QUINNELL STREET: £2,250 (Sold on 23 Aug 2016)
  • Detached
    • The average price is around £318,081 median price is £276,000 Standard Deviation is £187,831 with Total Sold: 157
    • The Last 5 Year average price is £496,222 with Total Sold: 54
    • The most recent sale happened at this postcode is , 5 BAIL CLOSE: £475,000 (Sold on 31 Jul 2024)
    • The first recorded sale happened at this postcode is , 69 BERENGRAVE LANE: £58,000 (Sold on 31 Aug 1995)
  • Flat
    • The average price is around £298,000 median price is £320,000 Standard Deviation is £31,081 with Total Sold: 5
    • The Last 5 Year average price is £298,000 with Total Sold: 5
    • The most recent sale happened at this postcode is FLAT 4, CHERRY ACRE HOUSE, 21 BERENGRAVE LANE: £320,000 (Sold on 29 Jun 2022)
    • The first recorded sale happened at this postcode is FLAT 7, CHERRY ACRE HOUSE, 21A BERENGRAVE LANE: £325,000 (Sold on 24 Jun 2022)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£367,0836
2023£270,000 £4,200 1
2022£299,062 £4,311 8
2021£286,722 £4,300 9
2020£265,088 £3,384 8
2019£266,056 £3,870 9
2018£251,750 £3,335 12
2017£276,278 £3,907 9
2016£209,227 £2,883 11
2015£226,562 £2,959 8
2014£164,429 £2,374 7
2013£165,200 £2,302 5
2012£157,633 £2,036 6
2011£147,165 £2,042 3
2010£162,167 £1,968 6
2009£140,600 £1,783 5
2008£191,214 £2,360 7
2007£171,524 £2,774 10
2006£151,498 £1,990 9
2005£159,900 £2,030 8
2004£140,786 £1,857 7
2003£139,286 £1,748 14
2002£108,681 £1,388 11
2001£77,400 £1,332 5
2000£79,437 £998 8
1999£74,417 £883 6
1998£64,249 £826 6
1997£54,657 £774 7
1996£49,778 £575 9
1995£62,500 £722 5
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£360,500 £4,524 12
2023£354,866 £4,378 37
2022£376,273 £4,667 33
2021£336,767 £4,284 72
2020£318,596 £4,120 26
2019£313,507 £3,923 44
2018£311,848 £4,091 33
2017£311,018 £4,045 34
2016£277,060 £3,691 33
2015£256,618 £3,259 33
2014£213,613 £2,833 31
2013£199,140 £2,571 43
2012£200,000 £2,620 25
2011£189,639 £2,584 26
2010£194,762 £2,479 21
2009£181,104 £2,224 24
2008£201,416 £2,200 18
2007£210,095 £2,552 44
2006£193,028 £2,244 33
2005£178,365 £2,313 37
2004£182,458 £2,424 27
2003£171,000 £1,972 22
2002£145,376 £1,981 32
2001£115,564 £1,349 38
2000£102,624 £1,364 33
1999£87,018 £1,076 27
1998£81,955 £885 29
1997£75,810 £874 37
1996£68,439 £886 37
1995£65,727 £715 33
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£340,7001
2023£300,000 £4,054 1
2021£1,470,000 £13,611 1
2020£450,000 £4,412 1
2019£1,400,000 £12,963 1
2018£8,050,000 £111,450 2
2017£417,333 £1,790 3
2016£2,2501
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£393,3333
2023£568,500 £4,819 2
2021£494,708 £4,262 32
2020£487,586 £4,098 11
2019£547,483 £6,097 6
2018£411,333 £3,412 6
2017£339,167 £3,681 3
2015£382,000 £3,181 5
2014£399,950 £3,361 1
2013£254,333 £2,788 3
2012£249,625 £2,641 4
2011£238,228 £2,421 5
2010£350,000 £4,066 1
2009£260,000 £2,039 3
2008£310,000 £2,879 4
2007£242,500 £3,522 8
2006£258,916 £3,791 6
2005£226,875 £2,047 8
2004£281,000 £2,207 3
2003£167,800 £1,859 5
2002£106,500 £850 4
2001£155,000 £2,486 3
2000£157,999 £1,026 7
1999£128,249 £1,134 6
1998£146,438 £1,050 8
1997£118,571 £1,095 7
1996£104,100 £913 2
1995£58,000 £820 1
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£298,0005

House Type in ME8 7FB area

The most common house types in the ME8 7FB postcode area are Semi-detached (126), Detached (34), and Flat (19).

Total187
Semi-detached126
Detached34
Flat19
Terraced8
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 (97), and Owned: Owns with a mortgage or loan (66).

Owned: Owns outright97
Owned: Owns with a mortgage or loan66
Social rented: Other social rented13
Social rented: Rents from council or Local Authority5
Shared ownership: Shared ownership2
Private rented: Private landlord or letting agency2
Does not apply0
Private rented: Other private rented0
Lives rent free0

Number of People in a Household

The most houses in the ME8 7FB have 2 people in household (64), and 1 person in household (57).

2 people in household64
1 person in household57
3 people in household34
4 people in household26
5 people in household4
6 people in household2
0 people in household0
7 people in household0
8 or more people in household0