Housing Market Analysis for CHESHAM DRIVE, ME8 9LY

Are you looking to understand ME8 9LY 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 9LY area, explore the ME8 9LY Area information page.
For comprehensive crime statistics in the ME8 9LY area, explore the ME8 9LY Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the ME8 9LY postcode area, The average prices are as follows,

Terraced
- The average price is around £130,582 median price is £87,748 Standard Deviation is £87,159 with Total Sold: 6
- The Last 5 Year average price is £312,000 with Total Sold: 1
- The most recent sale happened at this postcode is 18 CHESHAM DRIVE: £312,000 (Sold on 12 Nov 2021)
- The first recorded sale happened at this postcode is 12 CHESHAM DRIVE: £68,000 (Sold on 29 Mar 1996)
Semi-Detached
- The average price is around £193,615 median price is £181,500 Standard Deviation is £80,912 with Total Sold: 13
- The Last 5 Year average price is £300,000 with Total Sold: 1
- The most recent sale happened at this postcode is 14 CHESHAM DRIVE: £300,000 (Sold on 10 May 2021)
- The first recorded sale happened at this postcode is 20 CHESHAM DRIVE: £58,000 (Sold on 01 Mar 1996)
Detached
- The average price is around £407,500 median price is £407,500 Standard Deviation is £2,500 with Total Sold: 2
- The Last 5 Year average price is £407,500 with Total Sold: 2
- The most recent sale happened at this postcode is 22 CHESHAM DRIVE: £410,000 (Sold on 07 Apr 2020)
- The first recorded sale happened at this postcode is 22 CHESHAM DRIVE: £405,000 (Sold on 25 Jan 2019)

Sold Price Trend Over the Years:

Below table and chart gives the average ME8 9LY 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: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£312,000	£3,586	1
2005	£160,000	£1,888	1
2001	£99,995	£2,559	1
1997	£75,500		1
1996	£68,000	£792	2

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£300,000	£2,655	1
2018	£299,000	£3,088	2
2017	£275,000	£3,161	1
2015	£235,000	£2,611	1
2013	£185,000	£1,697	1
2011	£160,000	£4,095	1
2010	£181,500	£1,665	1
2006	£166,000	£1,844	1
2005	£174,000	£1,740	1
2002	£122,000	£1,220	1
1996	£60,250		2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£410,000	£3,083	1
2019	£405,000	£3,045	1

All the Sales in the CHESHAM DRIVE, ME8 9LY

See the table below for more details on the sold house prices in the ME8 9LY, Medway postcode.

Address	Sold Date	Price	% Change
18 CHESHAM DRIVETerraced, FreeholdArea: 87 Sq.mtrAge: 1950-1966	12 Nov 2021	£312,000	358.82%
	23 Sep 1996	£68,000	First Sale
14 CHESHAM DRIVESemi-Detached, FreeholdArea: 113 Sq.mtrAge: 1967-1975	10 May 2021	£300,000	1.69%
	26 Oct 2018	£295,000	First Sale
22 CHESHAM DRIVEDetached, FreeholdArea: 133 Sq.mtrAge: 1967-1975	07 Apr 2020	£410,000	1.23%
	25 Jan 2019	£405,000	First Sale
2 CHESHAM DRIVESemi-Detached, FreeholdArea: 85 Sq.mtrAge: 1950-1966	26 Oct 2018	£303,000	First Sale
10 CHESHAM DRIVESemi-Detached, FreeholdArea: 87 Sq.mtrAge: 1950-1966	01 Mar 2017	£275,000	58.05%
	14 Oct 2005	£174,000	42.62%
	26 Jul 2002	£122,000	First Sale
16 CHESHAM DRIVESemi-Detached, FreeholdArea: 90 Sq.mtrAge: 1967-1975	07 Apr 2015	£235,000	41.57%
	07 Jun 2006	£166,000	First Sale
12 CHESHAM DRIVESemi-Detached, FreeholdArea: 109 Sq.mtrAge: 1967-1975	01 Feb 2013	£185,000	1.93%
	25 Jun 2010	£181,500	13.44%
	20 Dec 2005	£160,000	135.29%
	29 Mar 1996	£68,000	First Sale
4 CHESHAM DRIVESemi-Detached, FreeholdArea: 39.07 Sq.mtrAge: 1967-1975	17 Aug 2011	£160,000	60.01%
	08 Jun 2001	£99,995	First Sale
8 CHESHAM DRIVETerraced, Freehold	01 Dec 1997	£75,500	First Sale
20 CHESHAM DRIVESemi-Detached, Freehold	18 Oct 1996	£62,500	7.76%
20 CHESHAM DRIVESemi-Detached, Freehold	01 Mar 1996	£58,000	First Sale

Check out the sold house prices near the ME8 9LY postcode. Properties currently for saleProperties currently for rent

CHESHAM DRIVE, ME8 9LY Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the ME8 9LY 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 9LY postcode.

Semi-Detached
- The average price is around £187,176 median price is £175,000 Standard Deviation is £99,571 with Total Sold: 1,290
- The Last 5 Year average price is £332,948 with Total Sold: 208
- The most recent sale happened at this postcode is , 209 LONSDALE DRIVE: £293,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 42 NIGHTINGALE CLOSE: £50,000 (Sold on 06 Jan 1995)
Detached
- The average price is around £239,618 median price is £235,000 Standard Deviation is £120,592 with Total Sold: 437
- The Last 5 Year average price is £397,407 with Total Sold: 59
- The most recent sale happened at this postcode is , 7 DE MERE CLOSE: £495,000 (Sold on 16 Aug 2024)
- The first recorded sale happened at this postcode is , 1 WOODPECKER GLADE: £71,000 (Sold on 30 Jan 1995)
Terraced
- The average price is around £151,304 median price is £145,500 Standard Deviation is £82,554 with Total Sold: 1,218
- The Last 5 Year average price is £277,650 with Total Sold: 177
- The most recent sale happened at this postcode is , 15 STONEACRE CLOSE: £280,000 (Sold on 02 Aug 2024)
- The first recorded sale happened at this postcode is , 355 LONSDALE DRIVE: £53,000 (Sold on 04 Jan 1995)
Other
- The average price is around £133,422 median price is £11,500 Standard Deviation is £218,774 with Total Sold: 16
- The Last 5 Year average price is £163,521 with Total Sold: 12
- The most recent sale happened at this postcode is THE SQUARE OAST, SILOAM FARM MIERSCOURT ROAD: £875,000 (Sold on 31 May 2024)
- The first recorded sale happened at this postcode is GARAGE, 106 PLOUGHMANS WAY: £7,000 (Sold on 10 Jan 2017)
Flat
- The average price is around £97,946 median price is £105,000 Standard Deviation is £46,541 with Total Sold: 137
- The Last 5 Year average price is £153,200 with Total Sold: 25
- The most recent sale happened at this postcode is , 15 FINDLAY CLOSE: £120,000 (Sold on 23 Feb 2024)
- The first recorded sale happened at this postcode is , 15 GOODALL CLOSE: £21,000 (Sold on 08 Feb 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£356,438	£3,859	16
2023	£349,273	£4,454	22
2022	£374,727	£4,500	35
2021	£342,153	£4,084	49
2020	£309,634	£3,868	43
2019	£294,674	£3,821	43
2018	£320,118	£3,614	34
2017	£312,224	£3,799	38
2016	£274,362	£3,204	47
2015	£238,695	£2,903	39
2014	£221,184	£2,547	38
2013	£187,839	£2,287	31
2012	£182,567	£2,320	30
2011	£177,750	£2,302	36
2010	£179,933	£2,277	21
2009	£184,035	£2,113	21
2008	£191,385	£2,358	26
2007	£204,609	£2,460	45
2006	£184,442	£2,209	65
2005	£177,250	£2,137	56
2004	£179,340	£2,156	44
2003	£159,305	£1,940	57
2002	£129,947	£1,634	59
2001	£115,251	£1,360	65
2000	£101,492	£1,193	47
1999	£87,499	£978	59
1998	£79,793	£1,000	37
1997	£71,175	£853	74
1996	£62,575	£804	64
1995	£63,658	£813	49

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£547,500		2
2023	£412,143	£4,871	7
2022	£414,857	£5,033	7
2021	£395,444	£3,903	18
2020	£386,111	£3,352	9
2019	£373,125	£3,677	16
2018	£381,083	£3,939	12
2017	£341,576	£3,612	22
2016	£324,731	£3,247	13
2015	£296,558	£2,889	26
2014	£290,617	£2,780	17
2013	£268,500	£2,327	10
2012	£235,218	£2,361	16
2011	£226,167	£2,292	9
2010	£251,912	£2,212	12
2009	£217,789	£2,707	9
2008	£250,188	£2,717	8
2007	£251,692	£2,480	13
2006	£244,083	£2,329	24
2005	£226,034	£2,287	13
2004	£221,642	£2,438	14
2003	£250,897	£1,894	20
2002	£173,217	£1,915	17
2001	£149,237	£1,294	19
2000	£146,367	£1,269	19
1999	£113,112	£1,032	16
1998	£100,273	£990	21
1997	£91,868	£1,003	17
1996	£87,908	£763	18
1995	£79,000	£805	13

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£286,344	£4,218	16
2023	£295,708	£3,908	24
2022	£315,360	£4,106	28
2021	£274,439	£3,683	46
2020	£259,767	£3,456	33
2019	£247,967	£3,385	30
2018	£253,162	£3,212	34
2017	£252,493	£3,299	37
2016	£217,239	£3,013	46
2015	£204,806	£2,714	31
2014	£183,932	£2,531	34
2013	£161,948	£2,188	36
2012	£156,238	£2,056	41
2011	£149,223	£1,873	31
2010	£162,879	£2,030	29
2009	£143,485	£1,960	33
2008	£169,690	£2,243	21
2007	£172,275	£2,318	47
2006	£157,125	£2,103	64
2005	£145,368	£2,022	38
2004	£144,331	£1,949	45
2003	£123,003	£1,805	36
2002	£102,975	£1,480	53
2001	£90,319	£1,267	51
2000	£74,922	£1,090	59
1999	£66,227	£924	59
1998	£57,669	£799	57
1997	£56,903	£772	58
1996	£51,553	£680	69
1995	£49,349	£663	32

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£875,000		1
2023	£163,000	£3,841	2
2022	£109,312	£4,177	4
2021	£20,000		2
2020	£138,500	£3,732	2
2019	£7,000		1
2018	£55,167		3
2017	£7,000		1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£120,000	£2,985	1
2023	£180,000	£2,769	1
2022	£169,500	£3,286	5
2021	£150,167	£3,251	6
2020	£143,786	£3,068	7
2019	£155,000	£2,693	5
2018	£211,000	£2,898	2
2017	£134,000	£2,994	2
2016	£126,125	£2,716	4
2015	£118,500	£2,382	6
2014	£121,667	£2,215	3
2013	£92,000	£1,938	1
2012	£106,500	£1,974	3
2011	£81,000	£1,770	2
2010	£103,667	£1,972	3
2008	£134,500	£2,171	4
2007	£118,442	£2,486	13
2006	£116,150	£2,124	5
2005	£103,667	£2,414	3
2004	£101,937	£2,253	8
2003	£93,332	£2,073	3
2002	£68,240	£1,426	6
2001	£58,281	£1,169	8
2000	£50,590	£996	5
1999	£46,502	£836	14
1998	£41,875	£726	4
1997	£36,299	£698	5
1996	£29,800	£695	5
1995	£30,333	£602	3

House Type in ME8 9LY area

The most common house types in the ME8 9LY postcode area are Terraced (59), Flat (31), and Semi-detached (18).

Total	125
Terraced	59
Flat	31
Semi-detached	18
Detached	17
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 with a mortgage or loan (52), and Owned: Owns outright (45).

Owned: Owns with a mortgage or loan	52
Owned: Owns outright	45
Private rented: Private landlord or letting agency	24
Social rented: Other social rented	3
Private rented: Other private rented	2
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the ME8 9LY have 1 person in household (47), and 2 people in household (39).

1 person in household	47
2 people in household	39
3 people in household	24
4 people in household	9
5 people in household	5
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0