Housing Market Analysis for LOWER RAINHAM ROAD, ME8 7TP

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

Overview of Sold House prices

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

Semi-Detached
- The average price is around £201,636 median price is £195,000 Standard Deviation is £100,364 with Total Sold: 22
- The Last 5 Year average price is £346,700 with Total Sold: 5
- The most recent sale happened at this postcode is 597 LOWER RAINHAM ROAD: £325,000 (Sold on 14 Jul 2023)
- The first recorded sale happened at this postcode is 571 LOWER RAINHAM ROAD: £57,500 (Sold on 26 Apr 1996)
Detached
- The average price is around £493,800 median price is £270,000 Standard Deviation is £409,831 with Total Sold: 5
- The Last 5 Year average price is £735,000 with Total Sold: 2
- The most recent sale happened at this postcode is BLOORS PLACE LOWER RAINHAM ROAD: £1,200,000 (Sold on 27 Sep 2022)
- The first recorded sale happened at this postcode is 565 LOWER RAINHAM ROAD: £74,000 (Sold on 30 Oct 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average ME8 7TP 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£325,000	£5,702	1
2022	£350,000	£5,738	1
2021	£359,250	£3,665	2
2019	£340,000	£3,036	1
2016	£310,000	£2,768	1
2015	£198,333	£3,372	3
2014	£212,000	£4,061	1
2013	£180,000	£1,607	1
2011	£137,500	£2,487	1
2006	£222,250		2
2003	£179,995		1
2002	£135,000		1
2001	£124,000	£2,102	2
1999	£72,000		1
1997	£65,500	£1,065	2
1996	£57,500	£1,173	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£1,200,000		1
2019	£270,000	£987	1
2013	£700,000		1
2007	£225,000	£822	1
1998	£74,000		1

All the Sales in the LOWER RAINHAM ROAD, ME8 7TP

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

Address	Sold Date	Price	% Change
597 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 57 Sq.mtrAge: 1930-1949	14 Jul 2023	£325,000	407.81%
	09 Jul 1997	£64,000	First Sale
577 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 61 Sq.mtrAge: 1930-1949	18 Nov 2022	£350,000	133.33%
	08 Dec 2015	£150,000	First Sale
BLOORS PLACE LOWER RAINHAM ROADDetached, Freehold	27 Sep 2022	£1,200,000	71.43%
BLOORS PLACE LOWER RAINHAM ROADDetached, Freehold	07 Jun 2013	£700,000	First Sale
585 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 121 Sq.mtrAge: 1930-1949	06 Apr 2021	£390,000	First Sale
575 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 80 Sq.mtrAge: 1930-1949	03 Feb 2021	£328,500	First Sale
595 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 112 Sq.mtrAge: 1950-1966	29 Nov 2019	£340,000	9.68%
	25 Nov 2016	£310,000	72.22%
	17 Jun 2013	£180,000	First Sale
THE WAGON LODGE, BLOORS FARM, 540 LOWER RAINHAM ROADDetached, FreeholdArea: 273.68 Sq.mtrAge: 1991-1995	28 Jun 2019	£270,000	20.00%
	15 Jan 2007	£225,000	First Sale
571 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 49 Sq.mtrAge: 1930-1949	16 Jun 2015	£210,000	103.88%
	12 Mar 2001	£103,000	79.13%
	26 Apr 1996	£57,500	First Sale
FORMOSA, 591 LOWER RAINHAM ROADSemi-Detached, Freehold	10 Mar 2015	£235,000	7.55%
FORMOSA, 591 LOWER RAINHAM ROADSemi-Detached, Freehold	04 Aug 2006	£218,500	First Sale
573 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 52.2 Sq.mtrAge: 1930-1949	18 Dec 2014	£212,000	First Sale
593 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 55.28 Sq.mtrAge: 1930-1949	22 Jul 2011	£137,500	First Sale
599 LOWER RAINHAM ROADSemi-Detached, Freehold	26 Apr 2006	£226,000	25.56%
	31 Oct 2003	£179,995	24.13%
	10 Aug 2001	£145,000	First Sale
581 LOWER RAINHAM ROADSemi-Detached, Freehold	03 May 2002	£135,000	87.50%
581 LOWER RAINHAM ROADSemi-Detached, Freehold	02 Jul 1999	£72,000	First Sale
565 LOWER RAINHAM ROADDetached, Freehold	30 Oct 1998	£74,000	First Sale
579 LOWER RAINHAM ROADSemi-Detached, FreeholdArea: 66.55 Sq.mtrAge: 1930-1949	02 Oct 1997	£67,000	First Sale

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

LOWER RAINHAM ROAD, ME8 7TP Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £242,143 median price is £226,750 Standard Deviation is £113,664 with Total Sold: 68
- The Last 5 Year average price is £372,033 with Total Sold: 15
- The most recent sale happened at this postcode is , 4 NUTHATCH PLACE: £440,000 (Sold on 22 Sep 2023)
- The first recorded sale happened at this postcode is , 571 LOWER RAINHAM ROAD: £57,500 (Sold on 26 Apr 1996)
Detached
- The average price is around £380,953 median price is £325,000 Standard Deviation is £229,475 with Total Sold: 85
- The Last 5 Year average price is £634,675 with Total Sold: 20
- The most recent sale happened at this postcode is , 9 NUTHATCH PLACE: £550,000 (Sold on 11 Jul 2023)
- The first recorded sale happened at this postcode is , 632 LOWER RAINHAM ROAD: £87,500 (Sold on 05 Jul 1996)
Terraced
- The average price is around £184,024 median price is £158,000 Standard Deviation is £120,249 with Total Sold: 49
- The Last 5 Year average price is £345,000 with Total Sold: 5
- The most recent sale happened at this postcode is , 673A LOWER RAINHAM ROAD: £230,000 (Sold on 03 Mar 2023)
- The first recorded sale happened at this postcode is , 498 LOWER RAINHAM ROAD: £39,995 (Sold on 08 Sep 1995)
Other
- The average price is around £680,900 median price is £625,000 Standard Deviation is £454,149 with Total Sold: 10
- The Last 5 Year average price is £841,000 with Total Sold: 5
- The most recent sale happened at this postcode is , 5 MOTNEY HILL ROAD: £235,000 (Sold on 24 Jun 2022)
- The first recorded sale happened at this postcode is , 521 LOWER RAINHAM ROAD: £305,000 (Sold on 03 Jun 2016)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£423,875	£4,507	4
2022	£350,000	£5,738	1
2021	£354,375	£3,523	8
2019	£350,000	£2,851	2
2018	£364,167	£3,543	6
2017	£357,500	£3,845	2
2016	£303,333	£2,796	3
2015	£206,250	£3,270	4
2014	£212,000	£4,061	1
2013	£171,250	£1,794	2
2012	£160,500	£1,888	1
2011	£199,000	£2,590	4
2010	£176,000	£2,033	2
2009	£220,000	£1,950	1
2008	£248,750	£1,835	2
2007	£275,000		2
2006	£222,167	£2,699	3
2004	£250,000	£1,613	1
2003	£192,999	£1,730	4
2002	£135,000		1
2001	£112,875	£2,102	4
2000	£125,000	£1,520	1
1999	£109,500		2
1998	£79,500	£764	1
1997	£72,749	£1,007	4
1996	£65,125	£1,173	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£590,000	£6,790	2
2022	£917,500	£6,287	2
2021	£552,000	£4,212	7
2020	£607,500	£3,478	2
2019	£657,071	£4,407	7
2018	£451,300	£3,655	10
2017	£502,500	£5,090	2
2016	£412,500	£2,769	2
2015	£595,000	£2,519	3
2013	£475,000	£2,572	3
2012	£221,250	£2,062	4
2011	£332,500	£2,714	2
2010	£317,500	£2,737	1
2009	£240,000	£2,001	2
2008	£310,000	£2,612	2
2007	£258,333	£1,808	6
2006	£257,000	£943	5
2005	£296,750	£2,316	4
2004	£287,500		2
2002	£162,167	£1,466	3
2001	£181,000	£484	2
2000	£192,000		1
1999	£158,250		2
1998	£178,000	£781	4
1997	£103,375	£647	4
1996	£87,500	£663	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£230,000	£4,600	1
2021	£375,000	£3,066	3
2019	£370,000	£2,846	1
2018	£436,667	£2,672	3
2017	£218,000		1
2016	£205,583	£3,143	3
2015	£187,500	£3,409	1
2014	£140,000	£2,692	1
2013	£172,500	£1,903	2
2010	£160,000	£2,140	1
2009	£135,000	£2,079	1
2008	£235,832	£2,035	3
2007	£301,500	£2,200	2
2006	£158,599	£2,057	5
2005	£140,998	£2,130	3
2004	£153,625	£1,332	4
2002	£120,624	£2,092	4
2001	£77,475	£1,234	2
2000	£70,000	£1,273	1
1999	£48,995	£908	1
1998	£52,000	£703	1
1997	£54,000	£909	2
1996	£41,250	£744	2
1995	£39,995	£741	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£235,000	£1,478	1
2021	£1,470,000	£13,611	1
2020	£550,000	£4,412	2
2019	£1,400,000	£12,963	1
2018	£566,333	£3,717	3
2017	£600,000	£3,571	1
2016	£305,000	£2,259	1

House Type in ME8 7TP area

The most common house types in the ME8 7TP postcode area are Detached (68), Semi-detached (57), and Terraced (43).

Total	170
Detached	68
Semi-detached	57
Terraced	43
Flat	1
temporary structure	1
Shared house	0
converted building	0
commercial building	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (78), and Owned: Owns outright (69).

Owned: Owns with a mortgage or loan	78
Owned: Owns outright	69
Private rented: Private landlord or letting agency	18
Private rented: Other private rented	5
Social rented: Rents from council or Local Authority	1
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the ME8 7TP have 2 people in household (73), and 1 person in household (34).

2 people in household	73
1 person in household	34
4 people in household	32
3 people in household	20
5 people in household	6
6 people in household	2
8 or more people in household	1
0 people in household	0
7 people in household	0