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House Prices in ME5 House Prices in ME5 (Chatham)

The average house price in ME5 (Chatham) is £338,310 using HM Land Registry data.

The average property price increased by £59,773 (19.92%) over the last 5 years and increased by £11,973 (3.13%) over the last 12 months.

Over the last year, there were 491 residential property sales – a decrease of 159 transactions (-32.38%) relative to the previous year. The majority of house sales (150) were in the £250,000 - £300,000 range. Then came properties in the £300,000 - £350,000 range, where 100 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 178 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,639 (-2%).

In January 2025, there were 103 new estate agency instructions, 84 agreed home sales and 50 property price reductions.

Nearby Postcodes: CT2, CT4, CT5, DA13, ME1, ME10, ME11, ME12, ME13, ME14, ME15, ME16, ME17, ME18, ME19, ME2, ME20, ME3, ME4, ME6, ME7, ME8, ME9, TN11, TN12, TN15, TN25, TN27

5-Year Average Property Prices in ME5 (Chatham)

19.92%

Property prices in ME5 (Chatham) increased by 19.92% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in ME5 (Chatham) Over the Last Year

3.13%

Property prices in ME5 (Chatham) increased by 3.13% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for ME5 (Chatham) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in ME5 (Chatham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in ME5 (Chatham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in ME5 (Chatham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the ME5 (Chatham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the ME5 postcode area since 1995.

Recent Sales in ME5 (Chatham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Sheraton Court, Chatham, Kent, ME5 9EG£285,000£285,000£029 Jan 202412 Dec 2024318 Days
28 Woodhurst, Chatham, Medway, ME5 9SL£270,000£268,000-£2,00023 Apr 202412 Dec 2024233 Days
101 Sundridge Drive, Chatham, Medway, ME5 8JE£280,000£277,000-£3,00016 Sep 202406 Dec 202481 Days
93 Downsview, Chatham, Medway, ME5 0AL£330,000£315,000-£15,00012 Jul 202405 Dec 2024146 Days
71 Sussex Drive, Chatham, Medway, ME5 0NW£375,000£365,000-£10,00025 Apr 202405 Dec 2024224 Days
1 Urquhart Close, Chatham, Medway, ME5 7SD£325,000£325,000£031 Jul 202402 Dec 2024124 Days
323 Churchill Avenue, Chatham, Medway, ME5 0LA£275,000£272,000-£3,00025 Jul 202429 Nov 2024127 Days
10 Forestdale Road, Chatham, Kent, ME5 9NB£400,000£395,550-£4,45014 May 202429 Nov 2024199 Days
17 Spencer Close, Chatham, Medway, ME5 7RE£450,000£450,000£012 Apr 202428 Nov 2024230 Days
79 Tunbury Avenue, Chatham, Kent, ME5 9FB£350,000£345,000-£5,00005 Sep 202427 Nov 202483 Days
19 Redwing Road, Chatham, Medway, ME5 7TQ£280,000£280,000£016 May 202426 Nov 2024194 Days
34 Devon Close, Chatham, Medway, ME5 7SJ£280,000£278,000-£2,00012 Jun 202422 Nov 2024163 Days
50 Carlton Crescent, Chatham, Medway, ME5 7PJ£400,000£385,000-£15,00004 May 202412 Nov 2024192 Days
5 Southbourne Grove, Chatham, Medway, ME5 8HX£425,000£422,000-£3,00026 Jun 202408 Nov 2024135 Days
20 Henley Close, Chatham, Medway, ME5 7SU£250,000£250,000£019 Apr 202401 Nov 2024196 Days
11 Nicklaus Drive, Chatham, Medway, ME5 9HQ£260,000£255,000-£5,00027 Jun 202431 Oct 2024126 Days
11 Aintree Road, Chatham, Medway, ME5 8PY£450,000£450,000£012 Apr 202431 Oct 2024202 Days
49 Christie Close, Chatham, Medway, ME5 7NQ£280,000£280,000£003 Jul 202428 Oct 2024117 Days
16 Farm Road, Chatham, Kent, ME5 9HD£325,000£325,000£016 May 202428 Oct 2024165 Days
57 Scotby Avenue, Chatham, Medway, ME5 8ER£270,000£270,000£016 May 202428 Oct 2024165 Days

Most Expensive Streets in ME5 (Chatham)

PostcodeStreetAreaAverageNo. of Sales
ME5 9FGOak Gardens, Blue Bell HillChatham£939,0005
ME5 9RDWarren Road, Blue Bell HillChatham£930,6124
ME5 9JBCossington RoadChatham£825,0003
ME5 7HLHunters Way WestChatham£693,3333
ME5 9LYPodkin WoodChatham£681,2504
ME5 9SBRochester RoadChatham£638,3333
ME5 9NJRobin Hood Lane, WaldersladeChatham£637,0005
ME5 9ABManor Gardens, WaldersladeChatham£635,0003
ME5 9JXWoodlandsChatham£619,0005
ME5 8JYRyegrass CloseChatham£615,0007

Least Expensive Streets in ME5 (Chatham)

PostcodeStreetAreaAverageNo. of Sales
ME5 7DUTroudau House, Chatham HillChatham£77,0003
ME5 8TJSultan RoadChatham£91,87315
ME5 7RNApollo House, Illustrious CloseChatham£92,3754
ME5 7NNKingsdale Court, Hopewell DriveChatham£97,91023
ME5 7TYEdward CourtChatham£100,50010
ME5 7PXDove CloseChatham£104,56311
ME5 7NRGlenwood CloseChatham£126,0004
ME5 7BTRomany Court, Beacon RoadChatham£141,1254
ME5 8BQKatherine Court, Dargets RoadChatham£147,6663
ME5 9GJWoodlands Court, Walderslade CentreChatham£155,47520

Explore ME5 (Chatham) using map

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