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House Prices in ME7

The average house price in ME7 (Gillingham) is £282,568 using HM Land Registry data.

The average property price increased by £50,696 (31.91%) over the last 5 years and increased by £10,157 (4.63%) over the last 12 months.

Over the last year, there were 383 residential property sales – a decrease of 169 transactions (-44.13%) relative to the previous year. The majority of house sales (101) were in the £238,000 - £286,000 range. Then came properties in the £190,000 - £238,000 range, where 98 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,592 (-1%).

In Oct 24, there were 86 new estate agency instructions, 79 agreed home sales and 46 property price reductions.

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.

Property Market Heat Gauge for ME7 (Gillingham) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
20 Blowers Wood Grove, Hempstead, Gillingham, Medway, ME7 3RD	£550,000	£520,000	-£30,000	09 Oct 2023	02 Aug 2024	298 Days
51 Greenfinches, Hempstead, Gillingham, Medway, ME7 3PW	£265,000	£260,000	-£5,000	26 Sep 2023	31 Jul 2024	309 Days
47 Court Lodge Road, Gillingham, Medway, ME7 2QX	£240,000	£240,000	£00	06 Mar 2024	26 Jul 2024	142 Days
123 Nelson Road, Gillingham, Medway, ME7 4LT	£350,000	£350,000	£00	17 Jan 2024	24 Jul 2024	189 Days
86 Nelson Road, Gillingham, Medway, ME7 4LL	£275,000	£270,000	-£5,000	26 Jan 2024	28 Jun 2024	154 Days
111 Britton Street, Gillingham, Medway, ME7 5ES	£250,000	£242,500	-£7,500	06 Mar 2024	28 Jun 2024	114 Days
78 Kingsway, Gillingham, Medway, ME7 3AT	£500,000	£490,000	-£10,000	10 Jul 2023	27 Jun 2024	353 Days
124 Saunders Street, Gillingham, Medway, ME7 1HX	£210,000	£205,500	-£4,500	28 Feb 2024	24 Jun 2024	117 Days
18 Pippin Croft, Hempstead, Gillingham, Medway, ME7 3SH	£360,000	£360,000	£00	17 Apr 2024	21 Jun 2024	65 Days
30 Birch Grove, Hempstead, Gillingham, Medway, ME7 3RA	£435,000	£417,000	-£18,000	26 Oct 2023	14 Jun 2024	232 Days
86 Sunnymead Avenue, Gillingham, Medway, ME7 2EA	£152,500	£99,427	-£53,073	08 Mar 2018	03 Jun 2024	2279 Days
147 Shakespeare Road, Gillingham, Medway, ME7 5QB	£240,000	£240,000	£00	06 Feb 2024	30 May 2024	114 Days
389 Capstone Road, Gillingham, Medway, ME7 3JE	£625,000	£620,000	-£5,000	23 Jan 2024	29 May 2024	127 Days
35 The Everglades, Hempstead, Gillingham, Medway, ME7 3PY	£450,000	£450,000	£00	16 Feb 2024	17 May 2024	91 Days
Orchard View, Eastcourt Lane, Gillingham, Medway, ME7 2UW	£350,000	£340,000	-£10,000	15 Nov 2023	15 May 2024	182 Days
52 Longfellow Road, Gillingham, Medway, ME7 5QG	£250,000	£240,000	-£10,000	28 Feb 2024	03 May 2024	65 Days
117 Chaucer Road, Gillingham, Medway, ME7 5LT	£200,000	£178,500	-£21,500	17 Oct 2023	03 May 2024	199 Days
71 St Marys Road, Gillingham, Medway, ME7 1JL	£350,000	£345,000	-£5,000	14 Jul 2023	03 May 2024	294 Days
219 Grange Road, Gillingham, Medway, ME7 2TL	£290,000	£287,500	-£2,500	21 Jul 2023	26 Apr 2024	280 Days
75 The Everglades, Hempstead, Gillingham, Medway, ME7 3PZ	£225,000	£225,000	£00	22 Jan 2024	26 Apr 2024	95 Days

Most Expensive Streets in ME7 (Gillingham)

Postcode	Street	Area	Average	No. of Sales
ME7 3JU	Blacksmiths Court, Bredhurst	Gillingham	£794,166	6
ME7 3RT	Spekes Road, Hempstead	Gillingham	£761,250	4
ME7 3RU	Lambsfrith Grove, Hempstead	Gillingham	£733,333	3
ME7 3AZ	Banksview Drive, Hempstead	Gillingham	£718,653	13
ME7 3JW	Forge Lane, Bredhurst	Gillingham	£702,250	4
ME7 3DX	Lamplighters Close, Hempstead	Gillingham	£692,500	3
ME7 3SF	The Rise, Hempstead	Gillingham	£688,333	3
ME7 3LX	Dunn Street Road, Bredhurst	Gillingham	£671,000	3
ME7 3BF	Brickmakers Way, Hempstead	Gillingham	£625,143	33
ME7 3QJ	Hempstead Road, Hempstead	Gillingham	£616,642	7

Least Expensive Streets in ME7 (Gillingham)

Postcode	Street	Area	Average	No. of Sales
ME7 1GQ	Ensign House, Pegasus Way	Gillingham	£103,426	4
ME7 2WD	Bayeux Gardens	Gillingham	£116,166	3
ME7 1LZ	Ethel Maud Court	Gillingham	£117,000	3
ME7 1RJ	Pier Road	Gillingham	£119,333	3
ME7 5HH	Kestrel House, Marlborough Road	Gillingham	£128,500	5
ME7 1FY	South Shore, Ocean Drive	Gillingham	£129,833	9
ME7 1LL	Richmond Road	Gillingham	£137,250	4
ME7 1XF	Railway Street	Gillingham	£141,083	6
ME7 5AT	Boleyn Court, Manor Street, Gillingham	Gillingham	£141,666	3
ME7 2AL	Cypress Court	Gillingham	£144,416	6