FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in ME2

House Prices in ME2 House Prices in ME2 (Rochester)

The average house price in ME2 (Rochester) is £316,000 using HM Land Registry data.

The average property price increased by £69,901 (22.4%) over the last 5 years and increased by £14,006 (3.46%) over the last 12 months.

Over the last year, there were 333 residential property sales – a decrease of 172 transactions (-51.65%) relative to the previous year. The majority of house sales (85) were in the £270,000 - £310,000 range. Then came properties in the £310,000 - £350,000 range, where 63 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 75 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,360 (-1%).

In Oct 24, there were 92 new estate agency instructions, 81 agreed home sales and 44 property price reductions.

Nearby Postcodes: CT2, CT4, CT5, DA10, DA11, DA12, DA13, DA2, DA3, ME1, ME10, ME11, ME12, ME13, ME14, ME15, ME16, ME17, ME18, ME19, ME20, ME3, ME4, ME5, ME6, ME7, ME9, SS8, TN11, TN12, TN15, TN25, TN27

5-Year Average Property Prices in ME2 (Rochester)

22.4%

Property prices in Rochester increased by 22.4% 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 ME2 (Rochester) Over the Last Year

3.46%

Property prices in Rochester increased by 3.46% 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 ME2 (Rochester) - 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 ME2 (Rochester)

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 ME2 (Rochester)

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 ME2 (Rochester)

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 ME2 (Rochester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the ME2 postcode area since 1995.

Recent Sales in ME2 (Rochester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
58 Lingley Drive, Wainscott, Rochester, Medway, ME2 4NE£425,000£415,000-£10,00026 Jan 202416 Jul 2024172 Days
25 Prospect Avenue, Rochester, Medway, ME2 3BZ£265,000£245,000-£20,00022 Dec 202312 Jul 2024203 Days
69 Southwark Road, Rochester, Medway, ME2 2RB£425,000£410,000-£15,00029 Jan 202405 Jul 2024158 Days
186 Laburnum Road, Rochester, Medway, ME2 2LD£300,000£300,000£0028 Feb 202405 Jul 2024128 Days
2 Benedict Close, Halling, Rochester, Medway, ME2 1NJ£325,000£320,000-£5,00013 Jan 202401 Jul 2024170 Days
17 Woodhurst Close, Cuxton, Rochester, Medway, ME2 1LU£360,000£355,000-£5,00002 Jan 202407 Jun 2024157 Days
28 Charles Drive, Cuxton, Rochester, Medway, ME2 1DP£375,000£372,500-£2,50012 Jan 202407 Jun 2024147 Days
99 Rushdean Road, Rochester, Medway, ME2 2PD£250,000£248,000-£2,00007 Sep 202307 Jun 2024274 Days
14 Schooner Walk, Upnor, Rochester, Medway, ME2 4GZ£600,000£595,000-£5,00017 Jan 202407 Jun 2024142 Days
6 Chequers Court, Strood, Rochester, Medway, ME2 3NG£425,000£400,000-£25,00002 Aug 202305 Jun 2024308 Days
125 Broom Hill Road, Rochester, Medway, ME2 3LQ£335,000£335,000£0010 Feb 202424 May 2024104 Days
161 Brompton Farm Road, Strood, Rochester, Medway, ME2 3RH£475,000£475,000£0030 Jan 202423 May 2024114 Days
183 Rushdean Road, Rochester, Medway, ME2 2QA£260,000£260,000£0014 Jul 202317 May 2024308 Days
2 Albatross Avenue, Rochester, Medway, ME2 2XL£330,000£330,000£0023 Nov 202310 May 2024169 Days
16 Chartwell Close, Rochester, Medway, ME2 4RJ£425,000£420,000-£5,00005 Oct 202307 May 2024215 Days
33 Quixote Crescent, Rochester, Medway, ME2 3XB£300,000£300,000£0015 Mar 202403 May 202449 Days
17 Stanhope Road, Rochester, Medway, ME2 3EJ£190,000£175,000-£15,00016 Oct 202329 Apr 2024196 Days
2 Admiralty Road, Upnor, Rochester, Medway, ME2 4XY£309,995£305,000-£4,99503 Oct 202322 Apr 2024202 Days
15 Merrals Wood Road, Rochester, Medway, ME2 2PP£300,000£300,000£0023 Oct 202319 Apr 2024179 Days
28 Lancelot Avenue, Strood, Rochester, Medway, ME2 2YU£250,000£245,000-£5,00022 Mar 202419 Apr 202428 Days

Most Expensive Streets in ME2 (Rochester)

PostcodeStreetAreaAverageNo. of Sales
ME2 1HPPilgrims Road, HallingRochester£822,0004
ME2 3UHCrutches LaneRochester£764,0005
ME2 3UEColewood DriveRochester£693,5003
ME2 3LYLychfield DriveRochester£571,6663
ME2 3REBrompton Farm RoadRochester£571,2504
ME2 2UDThe ShadesRochester£546,0003
ME2 1PACarroll Close, HallingRochester£535,6663
ME2 3QXBrompton Farm RoadRochester£534,8754
ME2 3QJWatling StreetRochester£527,5004
ME2 3TTRede Court RoadRochester£521,6663

Least Expensive Streets in ME2 (Rochester)

PostcodeStreetAreaAverageNo. of Sales
ME2 4QEChilham House, Cypress CourtRochester£118,3333
ME2 2PNMerrals Wood CourtRochester£121,7504
ME2 3EDWarblers CloseRochester£128,32114
ME2 4PXMereworth House, Cypress CourtRochester£140,3333
ME2 2HZMaple RoadRochester£143,7504
ME2 2PLRanscombe CloseRochester£147,3333
ME2 4JZBrick Field ViewRochester£148,1663
ME2 2DXFuchsia House, Humber CrescentRochester£154,1663
ME2 2DPHillside CourtRochester£163,7779
ME2 4DFSt Marys Road, StroodRochester£170,3336

Explore ME2 (Rochester) using map

Sell Your
House Fast
Property Auctions Kent
Property Auctions Kent
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark