Housing Market Analysis for CHERRY TREE ROAD, ME8 8JY

Are you looking to understand ME8 8JY 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 8JY area, explore the ME8 8JY Area information page.
For comprehensive crime statistics in the ME8 8JY area, explore the ME8 8JY Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME8 8JY postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £198,511 median price is £213,000 Standard Deviation is £87,608 with Total Sold: 14
- The Last 5 Year average price is £362,500 with Total Sold: 1
- The most recent sale happened at this postcode is 33 CHERRY TREE ROAD: £362,500 (Sold on 26 May 2021)
- The first recorded sale happened at this postcode is 23 CHERRY TREE ROAD: £71,000 (Sold on 01 Dec 1997)
Detached
- The average price is around £300,000 median price is £300,000 Standard Deviation is £130,000 with Total Sold: 2
- The most recent sale happened at this postcode is 53 CHERRY TREE ROAD: £430,000 (Sold on 13 Jul 2017)
- The first recorded sale happened at this postcode is 53 CHERRY TREE ROAD: £170,000 (Sold on 10 Sep 2002)
Terraced
- The average price is around £117,058 median price is £138,000 Standard Deviation is £61,023 with Total Sold: 9
- The most recent sale happened at this postcode is 63 CHERRY TREE ROAD: £235,000 (Sold on 03 Mar 2017)
- The first recorded sale happened at this postcode is 65 CHERRY TREE ROAD: £42,000 (Sold on 26 Jun 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average ME8 8JY 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
2021	£362,500	£3,898	1
2016	£318,000	£3,495	1
2013	£258,750	£2,433	2
2007	£244,000		1
2006	£244,150	£2,069	1
2005	£213,000	£2,281	2
2004	£184,000		1
2000	£125,000	£1,359	1
1999	£87,000	£929	2
1998	£113,000	£958	1
1997	£71,000	£780	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2017	£430,000	£5,059	1
2002	£170,000	£2,000	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2017	£235,000	£2,733	1
2009	£145,172	£1,647	1
2007	£154,500	£1,988	2
2006	£138,000		1
2001	£71,500	£937	2
1999	£41,350	£481	1
1996	£42,000		1

All the Sales in the CHERRY TREE ROAD, ME8 8JY

See the table below for more details on the sold house prices in the ME8 8JY, Medway postcode.

Address	Sold Date	Price	% Change
33 CHERRY TREE ROADSemi-Detached, FreeholdArea: 93 Sq.mtrAge: 1950-1966	26 May 2021	£362,500	First Sale
53 CHERRY TREE ROADDetached, FreeholdArea: 85 Sq.mtrAge: 1950-1966	13 Jul 2017	£430,000	152.94%
	10 Sep 2002	£170,000	First Sale
63 CHERRY TREE ROADTerraced, FreeholdArea: 86 Sq.mtrAge: 1967-1975	03 Mar 2017	£235,000	53.59%
	15 Oct 2007	£153,000	270.01%
	22 Jan 1999	£41,350	First Sale
23 CHERRY TREE ROADSemi-Detached, FreeholdArea: 91 Sq.mtrAge: 1950-1966	29 Mar 2016	£318,000	45.21%
	26 Oct 2005	£219,000	170.37%
	26 Feb 1999	£81,000	14.08%
	01 Dec 1997	£71,000	First Sale
51 CHERRY TREE ROADSemi-Detached, FreeholdArea: 96 Sq.mtrAge: 1950-1966	30 Oct 2013	£247,500	19.57%
	28 Oct 2005	£207,000	122.58%
	25 Jun 1999	£93,000	First Sale
39 CHERRY TREE ROADSemi-Detached, FreeholdArea: 118 Sq.mtrAge: 1950-1966	02 Jul 2013	£270,000	10.59%
	08 May 2006	£244,150	116.06%
	16 Sep 1998	£113,000	First Sale
55 CHERRY TREE ROADTerraced, FreeholdArea: 88.16 Sq.mtrAge: 1967-1975	28 Oct 2009	£145,172	First Sale
61 CHERRY TREE ROADTerraced, FreeholdArea: 71 Sq.mtrAge: 1967-1975	18 Oct 2007	£156,000	134.59%
	30 May 2001	£66,500	First Sale
35 CHERRY TREE ROADSemi-Detached, Freehold	27 Feb 2007	£244,000	First Sale
65 CHERRY TREE ROADTerraced, Freehold	11 Sep 2006	£138,000	80.39%
	29 May 2001	£76,500	82.14%
	26 Jun 1996	£42,000	First Sale
29 CHERRY TREE ROADSemi-Detached, Freehold	12 Feb 2004	£184,000	First Sale
49 CHERRY TREE ROADSemi-Detached, FreeholdArea: 92 Sq.mtrAge: 1930-1949	17 Aug 2000	£125,000	First Sale

Check out the sold house prices near the ME8 8JY postcode. Properties currently for saleProperties currently for rent

CHERRY TREE ROAD, ME8 8JY Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME8 8JY 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 8JY postcode.

Detached
- The average price is around £299,285 median price is £270,000 Standard Deviation is £178,054 with Total Sold: 365
- The Last 5 Year average price is £484,213 with Total Sold: 96
- The most recent sale happened at this postcode is , 2 BRAMLING WAY: £525,000 (Sold on 23 Sep 2024)
- The first recorded sale happened at this postcode is , 4 THAMES AVENUE: £67,000 (Sold on 24 Apr 1995)
Terraced
- The average price is around £145,615 median price is £137,750 Standard Deviation is £78,210 with Total Sold: 1,406
- The Last 5 Year average price is £264,317 with Total Sold: 194
- 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 , 293 HIGH STREET: £29,500 (Sold on 14 Jan 1995)
Semi-Detached
- The average price is around £189,627 median price is £173,500 Standard Deviation is £102,739 with Total Sold: 798
- The Last 5 Year average price is £334,147 with Total Sold: 124
- The most recent sale happened at this postcode is , 21 OASTVIEW: £335,000 (Sold on 27 Aug 2024)
- The first recorded sale happened at this postcode is , 24 IVY STREET: £29,000 (Sold on 06 Jan 1995)
Flat
- The average price is around £132,877 median price is £135,000 Standard Deviation is £56,792 with Total Sold: 457
- The Last 5 Year average price is £183,591 with Total Sold: 82
- 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 £1,869,965 median price is £230,000 Standard Deviation is £9,643,058 with Total Sold: 51
- The Last 5 Year average price is £2,732,118 with Total Sold: 33
- The most recent sale happened at this postcode is , 66 WHEATCROFT GROVE: £311,000 (Sold on 25 Mar 2024)
- 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£615,950	£10,987	10
2023	£475,000	£4,090	5
2022	£463,900	£5,839	5
2021	£479,400	£4,130	19
2020	£448,554	£3,795	18
2019	£473,022	£4,009	39
2018	£460,286	£3,861	31
2017	£322,350	£3,666	10
2016	£311,857	£3,208	14
2015	£331,220	£3,196	5
2014	£247,364	£2,719	11
2013	£241,278	£2,652	9
2012	£231,500	£2,528	10
2011	£271,786	£2,533	7
2010	£269,850	£2,439	7
2009	£208,857	£2,247	7
2008	£205,667	£1,899	6
2007	£267,929	£2,640	17
2006	£237,545	£2,500	11
2005	£259,667	£2,948	3
2004	£252,611	£3,358	9
2003	£220,299	£1,977	10
2002	£172,656	£1,884	16
2001	£154,900	£1,439	10
2000	£141,294	£1,363	27
1999	£130,200	£1,106	5
1998	£112,231	£994	13
1997	£94,097	£948	15
1996	£95,365	£821	10
1995	£86,750	£846	6

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£277,747	£3,425	17
2023	£286,375	£3,698	32
2022	£279,016	£3,633	32
2021	£267,867	£3,338	45
2020	£253,625	£2,951	30
2019	£231,592	£2,886	38
2018	£227,949	£2,891	43
2017	£235,207	£2,897	51
2016	£226,374	£2,687	49
2015	£184,017	£2,414	35
2014	£182,230	£2,273	51
2013	£146,124	£1,897	38
2012	£144,544	£1,868	32
2011	£147,519	£1,980	35
2010	£145,280	£1,838	41
2009	£142,365	£1,735	32
2008	£154,897	£2,145	29
2007	£159,320	£1,948	56
2006	£146,609	£1,898	78
2005	£145,646	£1,869	61
2004	£129,114	£1,731	42
2003	£125,344	£1,638	55
2002	£102,565	£1,342	76
2001	£82,544	£1,063	83
2000	£69,664	£941	55
1999	£61,992	£781	59
1998	£54,692	£709	67
1997	£51,116	£629	59
1996	£48,687	£574	44
1995	£48,104	£636	41

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£294,625		10
2023	£365,789	£4,593	19
2022	£370,737	£4,501	19
2021	£351,053	£4,177	19
2020	£295,184	£3,725	19
2019	£321,460	£3,682	38
2018	£334,602	£3,361	29
2017	£286,486	£3,526	29
2016	£270,907	£3,436	27
2015	£249,650	£2,960	20
2014	£229,227	£2,449	22
2013	£210,444	£2,417	18
2012	£194,820	£2,335	23
2011	£211,500	£2,234	18
2010	£181,750	£2,160	16
2009	£180,036	£2,152	21
2008	£208,500	£2,143	18
2007	£200,778	£2,332	42
2006	£182,160	£2,110	40
2005	£160,541	£2,036	23
2004	£169,946	£2,072	28
2003	£146,454	£1,885	33
2002	£134,670	£1,537	29
2001	£110,763	£1,269	34
2000	£93,235	£1,113	34
1999	£90,149	£931	30
1998	£80,225	£859	33
1997	£66,903	£756	45
1996	£65,004	£761	34
1995	£56,839	£677	28

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£171,500	£3,837	8
2023	£197,625	£3,562	8
2022	£198,357	£3,616	14
2021	£186,357	£3,272	21
2020	£164,091	£3,185	11
2019	£180,300	£3,442	20
2018	£213,723	£3,436	27
2017	£178,562	£3,117	16
2016	£167,952	£2,973	21
2015	£142,370	£2,598	23
2014	£116,038	£2,203	13
2013	£117,538	£2,072	13
2012	£129,375	£2,218	8
2011	£120,500	£2,293	10
2010	£140,071	£2,443	7
2009	£123,582	£2,411	6
2008	£128,100	£2,121	10
2007	£142,852	£2,423	41
2006	£126,386	£2,180	18
2005	£134,667	£2,249	25
2004	£135,304	£2,453	34
2003	£89,332	£1,745	15
2002	£81,213	£1,407	7
2001	£69,761	£1,279	21
2000	£50,875	£935	8
1999	£45,933	£833	15
1998	£38,950	£679	8
1997	£34,030	£605	13
1996	£38,000	£592	4
1995	£40,625	£740	12

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£311,000	£3,987	1
2023	£192,250	£2,085	6
2022	£2,291,440	£6,122	6
2021	£263,821	£2,746	7
2020	£10,239,144	£2,417	7
2019	£237,667		6
2018	£209,150		7
2017	£333,143	£6,867	7
2016	£282,417	£3,646	3
2015	£565,000		1

House Type in ME8 8JY area

The most common house types in the ME8 8JY postcode area are Semi-detached (83), Terraced (53), and Detached (5).

Total	141
Semi-detached	83
Terraced	53
Detached	5
Flat	0
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (70), and Owned: Owns with a mortgage or loan (60).

Owned: Owns outright	70
Owned: Owns with a mortgage or loan	60
Private rented: Private landlord or letting agency	7
Private rented: Other private rented	2
Shared ownership: Shared ownership	1
Social rented: Rents from council or Local Authority	1
Does not apply	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the ME8 8JY have 2 people in household (46), and 1 person in household (42).

2 people in household	46
1 person in household	42
4 people in household	25
3 people in household	20
5 people in household	6
7 people in household	2
0 people in household	0
6 people in household	0
8 or more people in household	0