Housing Market Analysis for GRESHAM CLOSE, ME8 7RR

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £215,818 median price is £217,000 Standard Deviation is £108,634 with Total Sold: 11
    • The Last 5 Year average price is £347,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 2 GRESHAM CLOSE: £347,000 (Sold on 16 Dec 2020)
    • The first recorded sale happened at this postcode is 4 GRESHAM CLOSE: £112,500 (Sold on 21 Apr 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average ME8 7RR 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: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£347,000 £4,449 1
2018£430,000 £4,084 1
2016£300,000 £3,345 1
2014£238,000 £3,051 1
2011£245,000 £2,327 1
2007£217,000 £2,782 1
2004£215,0001
1997£95,500 £1,068 4

All the Sales in the GRESHAM CLOSE, ME8 7RR

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

AddressSold DatePrice% Change
2 GRESHAM CLOSEDetached, FreeholdArea: 78 Sq.mtrAge: 1996-200216 Dec 2020£347,00045.80%
13 Jun 2014£238,0009.68%
30 Jul 2007£217,000148.00%
19 Sep 1997£87,500First Sale
4 GRESHAM CLOSEDetached, FreeholdArea: 105.3 Sq.mtrAge: 1996-200203 Aug 2018£430,00075.51%
12 Dec 2011£245,000117.78%
21 Apr 1997£112,500First Sale
3 GRESHAM CLOSEDetached, FreeholdArea: 89.68 Sq.mtrAge: 1991-199531 Oct 2016£300,000229.67%
23 May 1997£91,000First Sale
1 GRESHAM CLOSEDetached, Freehold09 Aug 2004£215,000136.26%
09 Jul 1997£91,000First Sale

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

GRESHAM CLOSE, ME8 7RR Near By properties

Interactive Map

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

  • Detached
    • The average price is around £251,076 median price is £230,000 Standard Deviation is £165,974 with Total Sold: 315
    • The Last 5 Year average price is £454,636 with Total Sold: 56
    • The most recent sale happened at this postcode is , 35 HURST PLACE: £520,000 (Sold on 13 Sep 2024)
    • The first recorded sale happened at this postcode is , 4 THAMES AVENUE: £67,000 (Sold on 24 Apr 1995)
  • Semi-Detached
    • The average price is around £198,041 median price is £190,000 Standard Deviation is £99,232 with Total Sold: 1,045
    • The Last 5 Year average price is £334,507 with Total Sold: 175
    • 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 , 24 IVY STREET: £29,000 (Sold on 06 Jan 1995)
  • Terraced
    • The average price is around £140,768 median price is £132,000 Standard Deviation is £76,321 with Total Sold: 1,094
    • The Last 5 Year average price is £252,873 with Total Sold: 162
    • The most recent sale happened at this postcode is , 31 HOTHFIELD ROAD: £220,000 (Sold on 06 Sep 2024)
    • The first recorded sale happened at this postcode is , 235 STATION ROAD: £32,000 (Sold on 28 Feb 1995)
  • Flat
    • The average price is around £119,878 median price is £116,000 Standard Deviation is £56,505 with Total Sold: 567
    • The Last 5 Year average price is £176,861 with Total Sold: 101
    • The most recent sale happened at this postcode is , 40 MAPLINS CLOSE: £100,000 (Sold on 22 Aug 2024)
    • The first recorded sale happened at this postcode is , 40 MAPLINS CLOSE: £30,500 (Sold on 04 Jan 1995)
  • Other
    • The average price is around £1,998,498 median price is £235,000 Standard Deviation is £10,033,345 with Total Sold: 47
    • The Last 5 Year average price is £2,860,069 with Total Sold: 31
    • The most recent sale happened at this postcode is , 25 STATION ROAD: £235,000 (Sold on 19 Dec 2023)
    • The first recorded sale happened at this postcode is , 113 STATION ROAD: £565,000 (Sold on 28 May 2015)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£622,438 £13,135 8
2023£347,500 £3,633 2
2022£463,900 £5,839 5
2021£459,569 £4,426 16
2020£406,731 £3,772 13
2019£402,083 £4,075 12
2018£399,375 £3,346 8
2017£324,636 £3,739 11
2016£307,917 £3,258 12
2015£341,364 £3,261 11
2014£252,100 £2,607 10
2013£246,889 £2,634 9
2012£229,999 £2,364 9
2011£254,000 £2,699 3
2010£294,145 £2,407 10
2009£184,312 £2,044 8
2008£237,333 £2,324 6
2007£252,144 £2,738 16
2006£263,083 £2,605 12
2005£231,833 £2,542 6
2004£246,000 £4,055 7
2003£181,124 £1,813 8
2002£156,973 £1,719 19
2001£140,000 £1,454 8
2000£143,302 £1,298 33
1999£127,142 £1,197 7
1998£106,455 £1,073 11
1997£99,498 £979 22
1996£89,578 £818 9
1995£89,375 £953 4
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£346,438 £4,498 16
2023£362,383 £4,370 30
2022£367,057 £4,516 27
2021£337,368 £4,311 40
2020£301,732 £3,995 28
2019£302,074 £3,671 34
2018£314,800 £4,003 35
2017£300,824 £3,847 42
2016£263,970 £3,463 33
2015£255,572 £3,167 33
2014£211,682 £2,671 33
2013£206,810 £2,498 42
2012£198,822 £2,295 29
2011£203,032 £2,411 31
2010£191,483 £2,141 30
2009£188,779 £2,192 26
2008£210,225 £2,268 20
2007£208,137 £2,342 56
2006£181,894 £2,116 44
2005£181,771 £2,354 35
2004£172,699 £2,097 40
2003£150,343 £1,700 32
2002£140,341 £1,633 35
2001£114,266 £1,353 43
2000£92,613 £1,198 43
1999£79,348 £890 33
1998£86,968 £856 33
1997£70,621 £806 44
1996£65,241 £764 40
1995£59,866 £642 38
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£291,872 £3,434 18
2023£266,978 £3,661 23
2022£270,981 £3,593 27
2021£248,310 £3,304 34
2020£232,417 £2,887 21
2019£229,013 £2,973 39
2018£220,645 £2,793 38
2017£230,379 £2,931 37
2016£209,027 £2,950 30
2015£176,630 £2,367 31
2014£168,185 £2,086 42
2013£143,810 £1,916 35
2012£134,814 £1,805 22
2011£134,967 £1,891 25
2010£142,141 £1,791 32
2009£134,587 £1,703 25
2008£152,850 £2,221 20
2007£158,675 £2,085 51
2006£140,299 £1,937 55
2005£143,172 £1,892 43
2004£128,389 £1,660 46
2003£117,804 £1,509 36
2002£93,052 £1,291 58
2001£74,858 £1,016 51
2000£68,079 £909 46
1999£57,733 £818 41
1998£51,806 £669 57
1997£49,607 £627 45
1996£44,112 £541 38
1995£45,893 £657 28
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£176,200 £3,738 10
2023£189,100 £3,418 10
2022£207,708 £3,360 24
2021£167,238 £3,115 21
2020£147,077 £2,798 13
2019£165,261 £3,235 23
2018£164,550 £2,882 15
2017£163,917 £2,910 21
2016£159,091 £2,865 24
2015£135,500 £2,533 31
2014£107,410 £1,976 25
2013£113,200 £2,006 15
2012£118,300 £2,079 10
2011£118,955 £2,250 11
2010£108,786 £2,062 14
2009£105,937 £2,092 8
2008£114,142 £1,990 14
2007£139,173 £2,387 46
2006£116,911 £2,094 23
2005£130,969 £2,211 27
2004£131,009 £2,396 37
2003£86,090 £1,680 22
2002£63,587 £1,274 17
2001£65,346 £1,226 26
2000£45,062 £859 12
1999£43,388 £813 18
1998£42,277 £699 13
1997£33,759 £606 15
1996£32,200 £586 10
1995£40,625 £740 12
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£207,643 £2,741 7
2022£2,291,440 £6,122 6
2021£277,000 £2,856 6
2020£11,728,667 £2,417 6
2019£237,6676
2018£176,3005
2017£424,786 £6,867 7
2016£282,417 £3,646 3
2015£565,0001

House Type in ME8 7RR area

The most common house types in the ME8 7RR postcode area are Flat (60), Terraced (47), and Detached (18).

Total164
Flat60
Terraced47
Detached18
commercial building17
Semi-detached15
Shared house7
converted building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (81), and Owned: Owns outright (40).

Private rented: Private landlord or letting agency81
Owned: Owns outright40
Owned: Owns with a mortgage or loan23
Social rented: Other social rented10
Private rented: Other private rented6
Social rented: Rents from council or Local Authority3
Shared ownership: Shared ownership1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the ME8 7RR have 1 person in household (72), and 2 people in household (44).

1 person in household72
2 people in household44
4 people in household20
3 people in household15
5 people in household9
6 people in household3
0 people in household0
7 people in household0
8 or more people in household0