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House Prices in ME7 House Prices in ME7 (Gillingham)

The average house price in ME7 (Gillingham) is £291,416 using HM Land Registry data.

The average property price increased by £45,121 (31.91%) over the last 5 years and increased by £9,041 (4.63%) over the last 12 months.

Over the last year, there were 423 residential property sales – a decrease of 101 transactions (-23.88%) relative to the previous year. The majority of house sales (114) were in the £238,000 - £286,000 range. Then came properties in the £190,000 - £238,000 range, where 108 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 159 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,843 (-2%).

In Dec 24, there were 67 new estate agency instructions, 43 agreed home sales and 12 property price reductions.

Nearby Postcodes: , DA12, ME1, ME10, ME11, ME12, ME13, ME14, ME15, ME16, ME17, ME2, ME20, ME3, ME4, ME5, ME8, ME9, ME99, SS8

5-Year Average Property Prices in ME7 (Gillingham)

31.91%

Property prices in Gillingham increased by 31.91% 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 ME7 (Gillingham) Over the Last Year

4.63%

Property prices in Gillingham increased by 4.63% 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 ME7 (Gillingham) - Dec 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 ME7 (Gillingham)

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 ME7 (Gillingham)

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 ME7 (Gillingham)

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 ME7 (Gillingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the ME7 postcode area since 1995.

Recent Sales in ME7 (Gillingham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
76 Kingswood Road, Gillingham, Medway, ME7 1DX£350,000£350,000£0022 May 202413 Nov 2024175 Days
16 Conqueror Drive, Gillingham, Medway, ME7 2WP£170,000£163,000-£7,00017 Jun 202431 Oct 2024136 Days
14 Trafalgar Street, Gillingham, Medway, ME7 4RL£230,000£225,000-£5,00014 May 202431 Oct 2024170 Days
271 Woodlands Road, Gillingham, Medway, ME7 2SY£270,000£265,000-£5,00011 Jun 202429 Oct 2024140 Days
10 West Street, Gillingham, Medway, ME7 1EE£210,000£210,000£0029 Mar 202425 Oct 2024210 Days
21 Elm Road, Gillingham, Medway, ME7 2NR£280,000£280,000£0025 Jun 202425 Oct 2024122 Days
20 Blowers Wood Grove, Hempstead, Gillingham, Medway, ME7 3RD£550,000£520,000-£30,00009 Oct 202302 Aug 2024298 Days
51 Greenfinches, Hempstead, Gillingham, Medway, ME7 3PW£265,000£260,000-£5,00026 Sep 202331 Jul 2024309 Days
47 Court Lodge Road, Gillingham, Medway, ME7 2QX£240,000£240,000£0006 Mar 202426 Jul 2024142 Days
123 Nelson Road, Gillingham, Medway, ME7 4LT£350,000£350,000£0017 Jan 202424 Jul 2024189 Days
86 Nelson Road, Gillingham, Medway, ME7 4LL£275,000£270,000-£5,00026 Jan 202428 Jun 2024154 Days
111 Britton Street, Gillingham, Medway, ME7 5ES£250,000£242,500-£7,50006 Mar 202428 Jun 2024114 Days
78 Kingsway, Gillingham, Medway, ME7 3AT£500,000£490,000-£10,00010 Jul 202327 Jun 2024353 Days
124 Saunders Street, Gillingham, Medway, ME7 1HX£210,000£205,500-£4,50028 Feb 202424 Jun 2024117 Days
18 Pippin Croft, Hempstead, Gillingham, Medway, ME7 3SH£360,000£360,000£0017 Apr 202421 Jun 202465 Days
30 Birch Grove, Hempstead, Gillingham, Medway, ME7 3RA£435,000£417,000-£18,00026 Oct 202314 Jun 2024232 Days
86 Sunnymead Avenue, Gillingham, Medway, ME7 2EA£152,500£99,427-£53,07308 Mar 201803 Jun 20242279 Days
147 Shakespeare Road, Gillingham, Medway, ME7 5QB£240,000£240,000£0006 Feb 202430 May 2024114 Days
389 Capstone Road, Gillingham, Medway, ME7 3JE£625,000£620,000-£5,00023 Jan 202429 May 2024127 Days
35 The Everglades, Hempstead, Gillingham, Medway, ME7 3PY£450,000£450,000£0016 Feb 202417 May 202491 Days

Most Expensive Streets in ME7 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
ME7 3JUBlacksmiths Court, BredhurstGillingham£794,1666
ME7 3RTSpekes Road, HempsteadGillingham£761,2504
ME7 3RULambsfrith Grove, HempsteadGillingham£733,3333
ME7 3AZBanksview Drive, HempsteadGillingham£728,54112
ME7 3JWForge Lane, BredhurstGillingham£702,2504
ME7 3DXLamplighters Close, HempsteadGillingham£692,5003
ME7 3SFThe Rise, HempsteadGillingham£688,3333
ME7 3LXDunn Street Road, BredhurstGillingham£671,0003
ME7 3BFBrickmakers Way, HempsteadGillingham£625,92932
ME7 3JECapstone RoadGillingham£623,7779

Least Expensive Streets in ME7 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
ME7 1GQEnsign House, Pegasus WayGillingham£103,4264
ME7 2WDBayeux GardensGillingham£116,1663
ME7 1LZEthel Maud CourtGillingham£117,0003
ME7 1RJPier RoadGillingham£119,3333
ME7 5HHKestrel House, Marlborough RoadGillingham£128,5005
ME7 1FYSouth Shore, Ocean DriveGillingham£129,68111
ME7 1LLRichmond RoadGillingham£137,2504
ME7 1XFRailway StreetGillingham£141,0836
ME7 5ATBoleyn Court, Manor Street, GillinghamGillingham£141,6663
ME7 2ALCypress CourtGillingham£144,4166

Explore ME7 (Gillingham) using map

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