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House Prices in ME5 House Prices in ME5 (Chatham)

The average house price in ME5 (Chatham) is £296,533 using HM Land Registry data.

The average property price increased by £71,837 (19.92%) over the last 5 years and increased by £14,393 (3.13%) over the last 12 months.

Over the last year, there were 435 residential property sales – a decrease of 230 transactions (-52.87%) relative to the previous year. The majority of house sales (133) were in the £242,000 - £294,000 range. Then came properties in the £294,000 - £346,000 range, where 99 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 81 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,908 (-2%).

In Oct 24, there were 105 new estate agency instructions, 90 agreed home sales and 55 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 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 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) - Oct 24

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 Betteridge Close, Chatham, Medway, ME5 9GY£350,000£347,000-£3,00022 Jan 202409 Aug 2024200 Days
3 Manchester Close, Chatham, Medway, ME5 7QU£270,000£265,000-£5,00019 Apr 202409 Aug 2024112 Days
33 Beacon Road, Chatham, Medway, ME5 7BW£300,000£300,000£0012 Feb 202408 Aug 2024178 Days
128 Ballens Road, Chatham, Medway, ME5 8PH£260,000£260,000£0026 Mar 202405 Aug 2024132 Days
35 Princes Avenue, Chatham, Medway, ME5 8BA£400,000£383,000-£17,00007 Feb 202401 Aug 2024176 Days
311 Beacon Road, Chatham, Medway, ME5 7BU£325,000£312,000-£13,00011 Jan 202431 Jul 2024202 Days
19 Swallow Rise, Chatham, Medway, ME5 7PR£465,000£450,000-£15,00026 Mar 202431 Jul 2024127 Days
46 Wittersham Close, Chatham, Medway, ME5 7NA£270,000£270,000£0008 May 202431 Jul 202484 Days
10 Winchelsea Road, Chatham, Medway, ME5 7LY£285,000£282,500-£2,50022 Feb 202429 Jul 2024158 Days
101 Snodhurst Avenue, Chatham, Medway, ME5 0TB£400,000£400,000£0018 Mar 202429 Jul 2024133 Days
12 Colchester Close, Chatham, Medway, ME5 0HQ£205,000£200,000-£5,00018 Apr 202426 Jul 202499 Days
4 Millfields, Chatham, Medway, ME5 8HQ£325,000£325,000£0022 Apr 202424 Jul 202493 Days
76 Courtfield Avenue, Chatham, Medway, ME5 8QP£325,000£317,000-£8,00016 Aug 202309 Jul 2024328 Days
106 Ballens Road, Chatham, Medway, ME5 8PG£400,000£390,000-£10,00030 Mar 202408 Jul 2024100 Days
Mullion, Boxley Road, Chatham, Kent, ME5 9JD£350,000£330,000-£20,00026 Dec 202303 Jul 2024190 Days
28 Montfort Road, Walderslade, Chatham, Kent, ME5 9EZ£250,000£245,000-£5,00020 Mar 202428 Jun 2024100 Days
117 Snodhurst Avenue, Chatham, Medway, ME5 0TN£475,000£440,000-£35,00011 Mar 202427 Jun 2024108 Days
3 Sultan Road, Chatham, Medway, ME5 8TJ£80,000£78,000-£2,00010 Jun 202325 Jun 2024381 Days
213 Churchill Avenue, Chatham, Medway, ME5 0DQ£325,000£310,000-£15,00013 Mar 202421 Jun 2024100 Days
108 Common Road, Chatham, Kent, ME5 9RG£350,000£350,000£0023 Nov 202314 Jun 2024204 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 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
ME5 9LARobin Hood LaneChatham£586,0004

Least Expensive Streets in ME5 (Chatham)

PostcodeStreetAreaAverageNo. of Sales
ME5 7DUTroudau House, Chatham HillChatham£75,2504
ME5 8TJSultan RoadChatham£91,87315
ME5 7RNApollo House, Illustrious CloseChatham£92,3754
ME5 7NNKingsdale Court, Hopewell DriveChatham£98,17123
ME5 7PXDove CloseChatham£99,6619
ME5 7TYEdward CourtChatham£100,86011
ME5 7NRGlenwood CloseChatham£126,0004
ME5 7BTRomany Court, Beacon RoadChatham£141,1254
ME5 8RPShepperton CloseChatham£141,4068
ME5 7SNSomerset CloseChatham£156,6663

Explore ME5 (Chatham) using map

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