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House Prices in ME8 House Prices in ME8 (Gillingham)

The average house price in ME8 (Gillingham) is £357,242 using HM Land Registry data.

The average property price increased by £53,699 (21.51%) over the last 5 years and increased by £10,760 (3.35%) over the last 12 months.

Over the last year, there were 515 residential property sales – a decrease of 96 transactions (-18.64%) relative to the previous year. The majority of house sales (149) were in the £290,000 - £340,000 range. Then came properties in the £240,000 - £290,000 range, where 112 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 111 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,547 (-2%).

In Dec 24, there were 56 new estate agency instructions, 54 agreed home sales and 16 property price reductions.

Nearby Postcodes: , ME10, ME11, ME12, ME13, ME14, ME17, ME3, ME4, ME5, ME7, ME9, ME99

5-Year Average Property Prices in ME8 (Gillingham)

21.51%

Property prices in Gillingham increased by 21.51% 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 ME8 (Gillingham) Over the Last Year

3.35%

Property prices in Gillingham increased by 3.35% 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 ME8 (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 ME8 (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 ME8 (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 ME8 (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 ME8 (Gillingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the ME8 postcode area since 1995.

Recent Sales in ME8 (Gillingham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
97 Burnham Walk, Rainham, Gillingham, Medway, ME8 8RY£270,000£270,000£0023 Aug 202420 Nov 202489 Days
110 Langdale Close, Rainham, Gillingham, Medway, ME8 7AG£325,000£325,000£0019 Jun 202415 Nov 2024149 Days
9 Burrstock Way, Rainham, Gillingham, Medway, ME8 8TS£280,000£275,000-£5,00009 Sep 202411 Nov 202463 Days
496 Lower Rainham Road, Rainham, Gillingham, Medway, ME8 7TN£220,000£215,000-£5,00019 Jul 202408 Nov 2024112 Days
65 Maidstone Road, Gillingham, Medway, ME8 0DR£440,000£420,000-£20,00009 Jul 202431 Oct 2024114 Days
33 Chalkenden Avenue, Gillingham, Medway, ME8 6AQ£290,000£290,000£0008 May 202430 Oct 2024175 Days
23 Camellia Close, Gillingham, Medway, ME8 0HJ£695,000£665,000-£30,00018 Sep 202323 Aug 2024340 Days
48 Moor Park Close, Rainham, Gillingham, Medway, ME8 8QT£300,000£280,000-£20,00004 Sep 202315 Aug 2024346 Days
16 Old Castle Walk, Gillingham, Medway, ME8 9UE£270,000£265,000-£5,00001 Feb 202408 Aug 2024189 Days
14a, Orchard Street, Gillingham, Medway, ME8 9AA£350,000£340,000-£10,00024 Oct 202308 Aug 2024289 Days
1b, Asquith Road, Gillingham, Medway, ME8 0JD£425,000£415,000-£10,00016 Jan 202402 Aug 2024199 Days
26 Swain Road, Gillingham, Medway, ME8 0SN£425,000£410,000-£15,00023 Feb 202431 Jul 2024159 Days
135 Broadway, Gillingham, Medway, ME8 6DR£260,000£255,000-£5,00004 Mar 202426 Jul 2024144 Days
6 Roystons Close, Rainham, Gillingham, Medway, ME8 7NW£345,000£342,500-£2,50004 May 202425 Jul 202482 Days
38 Thames Avenue, Gillingham, Medway, ME8 9BN£250,000£250,000£0002 Apr 202419 Jul 2024108 Days
40 Mardale Close, Rainham, Gillingham, Medway, ME8 8NX£250,000£250,000£0004 Dec 202315 Jul 2024224 Days
18 Locarno Avenue, Gillingham, Medway, ME8 6ET£450,000£435,000-£15,00005 Feb 202412 Jul 2024158 Days
89 Bayswater Drive, Rainham, Gillingham, Medway, ME8 8SY£305,000£305,000£0019 Jan 202408 Jul 2024171 Days
57 Shorefields, Rainham, Gillingham, Medway, ME8 8SA£325,000£325,000£0015 Feb 202428 Jun 2024134 Days
12 Solomon Road, Rainham, Gillingham, Medway, ME8 8EA£350,000£335,000-£15,00004 Mar 202428 Jun 2024116 Days

Most Expensive Streets in ME8 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
ME8 0AWMarshall RoadGillingham£718,7504
ME8 0QLFairview AvenueGillingham£672,6314
ME8 0HZMaidstone RoadGillingham£661,2504
ME8 0AGEdwin RoadGillingham£654,1666
ME8 9DBBroadview AvenueGillingham£642,5003
ME8 0PNWoodsideGillingham£630,0005
ME8 6YSLondon RoadGillingham£626,6663
ME8 0JNDurham RoadGillingham£621,6663
ME8 7XQWoodruff Close, RainhamGillingham£607,10010
ME8 0THWigmore RoadGillingham£606,2147

Least Expensive Streets in ME8 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
ME8 6XWRiver ViewGillingham£114,1666
ME8 7BECozenton House, Birling AvenueGillingham£116,5004
ME8 7HQGuardian Court, RainhamGillingham£131,23214
ME8 8APStratford Court, Stratford LaneGillingham£142,8333
ME8 8BLScott Avenue, RainhamGillingham£144,2005
ME8 8ELMersham Court, Wakeley RoadGillingham£145,5003
ME8 8SRMeresborough Road, RainhamGillingham£158,15510
ME8 8ESDurling Court, RainhamGillingham£162,37510
ME8 8AYHigh Street, RainhamGillingham£162,5003
ME8 9LJGregory CloseGillingham£165,13611

Explore ME8 (Gillingham) using map

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