Housing Market Analysis for ME8 7TW

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

Overview of Sold House prices

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

    Sold Price Trend Over the Years:

    Below table and chart gives the average ME8 7TW 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.

    All the Sales in the ME8 7TW

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

    AddressSold DatePrice% Change

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

    ME8 7TW Near By properties

    Interactive Map

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

    • Terraced
      • The average price is around £249,207 median price is £257,500 Standard Deviation is £106,911 with Total Sold: 85
      • The Last 5 Year average price is £347,500 with Total Sold: 18
      • The most recent sale happened at this postcode is , 13 RUSSETT FARM: £365,000 (Sold on 24 Aug 2023)
      • The first recorded sale happened at this postcode is , 498 LOWER RAINHAM ROAD: £39,995 (Sold on 08 Sep 1995)
    • Semi-Detached
      • The average price is around £224,701 median price is £215,250 Standard Deviation is £111,993 with Total Sold: 46
      • The Last 5 Year average price is £367,727 with Total Sold: 11
      • 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 £355,738 median price is £310,500 Standard Deviation is £207,701 with Total Sold: 40
      • The Last 5 Year average price is £583,312 with Total Sold: 8
      • The most recent sale happened at this postcode is , 366 PUMP LANE: £630,000 (Sold on 15 Jun 2023)
      • The first recorded sale happened at this postcode is , 632 LOWER RAINHAM ROAD: £87,500 (Sold on 05 Jul 1996)
    • Other
      • The average price is around £319,000 median price is £305,000 Standard Deviation is £264,730 with Total Sold: 3
      • The Last 5 Year average price is £650,000 with Total Sold: 1
      • The most recent sale happened at this postcode is , PUMP FARM HOUSE, 281 PUMP LANE: £650,000 (Sold on 23 Jan 2020)
      • 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: Terraced
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2023£375,667 £4,094 3
    2021£367,214 £3,351 7
    2020£318,750 £3,602 2
    2019£320,000 £3,361 6
    2018£393,400 £3,109 5
    2017£345,000 £2,828 1
    2016£259,188 £3,265 4
    2015£247,500 £3,008 7
    2014£236,000 £2,596 3
    2011£195,000 £2,715 1
    2010£209,500 £2,605 2
    2008£235,832 £2,035 3
    2007£277,590 £2,483 5
    2006£236,391 £2,622 23
    2005£127,995 £2,371 1
    2004£210,000 £871 1
    2002£97,500 £1,773 1
    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: Semi-Detached
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2023£463,750 £4,900 2
    2022£350,000 £5,738 1
    2021£344,583 £3,315 6
    2019£350,000 £2,851 2
    2018£325,000 £3,521 2
    2017£315,000 £3,029 1
    2016£280,000 £2,686 2
    2015£198,333 £3,372 3
    2014£212,000 £4,061 1
    2013£171,250 £1,794 2
    2012£160,500 £1,888 1
    2011£166,750 £2,422 2
    2010£177,000 £2,295 1
    2009£220,000 £1,950 1
    2008£270,0001
    2007£250,0001
    2006£222,2502
    2004£250,000 £1,613 1
    2003£182,498 £1,667 2
    2002£135,0001
    2001£112,875 £2,102 4
    1999£109,5002
    1998£79,500 £764 1
    1997£65,500 £1,065 2
    1996£65,125 £1,173 2
    House Type: Detached
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2023£630,000 £9,317 1
    2022£917,500 £6,287 2
    2021£422,500 £3,578 2
    2020£510,000 £3,864 1
    2019£423,250 £2,134 2
    2017£585,000 £6,290 1
    2016£412,500 £2,769 2
    2015£525,000 £2,337 2
    2013£475,000 £2,572 3
    2012£255,000 £2,576 3
    2011£332,500 £2,714 2
    2010£317,500 £2,737 1
    2008£310,000 £2,612 2
    2007£255,000 £1,808 5
    2006£260,333 £943 3
    2005£300,000 £2,586 1
    2004£195,0001
    2002£176,500 £1,773 2
    2001£170,000 £484 1
    1998£74,0001
    1997£75,000 £647 1
    1996£87,500 £663 1
    House Type: Other
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2020£650,0001
    2018£2,000 £26 1
    2016£305,000 £2,259 1

    House Type in ME8 7TW area

    The most common house types in the ME8 7TW postcode area are Detached (42), Terraced (39), and Semi-detached (29).

    Total110
    Detached42
    Terraced39
    Semi-detached29
    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 (56), and Owned: Owns with a mortgage or loan (45).

    Owned: Owns outright56
    Owned: Owns with a mortgage or loan45
    Private rented: Private landlord or letting agency7
    Social rented: Other social rented2
    Private rented: Other private rented1
    Does not apply0
    Shared ownership: Shared ownership0
    Social rented: Rents from council or Local Authority0
    Lives rent free0

    Number of People in a Household

    The most houses in the ME8 7TW have 2 people in household (45), and 4 people in household (21).

    2 people in household45
    4 people in household21
    1 person in household19
    3 people in household18
    5 people in household8
    0 people in household0
    6 people in household0
    7 people in household0
    8 or more people in household0