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House Prices in ME5

The average house price in ME5 (Chatham) is £328,423 using HM Land Registry data.

The average property price increased by £57,312 (19.92%) over the last 5 years and increased by £11,484 (3.13%) over the last 12 months.

Over the last year, there were 551 residential property sales – a decrease of 45 transactions (-8.17%) relative to the previous year. The majority of house sales (167) were in the £250,000 - £300,000 range. Then came properties in the £300,000 - £350,000 range, where 112 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 194 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,639 (-2%).

In March 2025, there were 112 new estate agency instructions, 83 agreed home sales and 51 property price reductions.

5-Year Average Property Prices in ME5 (Chatham)

19.92%

Property prices in ME5 (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 ME5 (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.

Property Market Heat Gauge for ME5 (Chatham) - March 2025

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
8 Redbridge Close, Chatham, Medway, ME5 8YR	£280,000	£270,000	-£10,000	01 Jul 2024	14 Feb 2025	228 Days
33 Heritage Road, Chatham, Medway, ME5 7SQ	£285,000	£280,000	-£5,000	20 Nov 2024	13 Feb 2025	85 Days
9 Hepplewhite Mews, Chatham, Kent, ME5 9ED	£280,000	£275,000	-£5,000	19 Aug 2024	07 Feb 2025	172 Days
7 Woodbury Road, Chatham, Kent, ME5 9HS	£500,000	£487,000	-£13,000	26 Apr 2024	06 Feb 2025	286 Days
30 Resolution Close, Chatham, Medway, ME5 7RJ	£230,000	£229,000	-£1,000	23 Sep 2024	06 Feb 2025	136 Days
11 Raleigh Close, Chatham, Medway, ME5 7SB	£240,000	£228,500	-£11,500	08 Aug 2024	31 Jan 2025	176 Days
1 Quinion Close, Chatham, Kent, ME5 9JS	£290,000	£285,000	-£5,000	06 Jul 2024	30 Jan 2025	208 Days
2a, Sussex Drive, Chatham, Medway, ME5 0NJ	£300,000	£285,000	-£15,000	02 Sep 2024	29 Jan 2025	149 Days
11 Kings Road, Chatham, Medway, ME5 7JY	£220,000	£220,000	£0	17 Aug 2024	27 Jan 2025	163 Days
16 Church Terrace, Chatham, Medway, ME5 7JP	£230,000	£230,000	£0	30 Aug 2024	27 Jan 2025	150 Days
30 Mayford Road, Chatham, Medway, ME5 8QZ	£360,000	£360,000	£0	07 Aug 2024	27 Jan 2025	173 Days
13 Chippendale Close, Chatham, Kent, ME5 9EF	£325,000	£315,000	-£10,000	27 Aug 2024	24 Jan 2025	150 Days
32 King George Road, Chatham, Medway, ME5 0TX	£375,000	£350,000	-£25,000	29 Jul 2024	24 Jan 2025	179 Days
19 Dunkirk Drive, Chatham, Medway, ME5 0JE	£340,000	£332,000	-£8,000	19 Aug 2024	24 Jan 2025	158 Days
1 Pyrus Close, Chatham, Kent, ME5 9QF	£300,000	£300,000	£0	21 Jun 2024	20 Jan 2025	213 Days
2 Gentian Close, Chatham, Medway, ME5 0RP	£260,000	£260,000	£0	19 Jul 2024	17 Jan 2025	182 Days
177 Robin Hood Lane, Walderslade, Chatham, Kent, ME5 9NJ	£599,995	£595,000	-£4,995	24 Jun 2024	14 Jan 2025	204 Days
8 Leybourne Close, Chatham, Kent, ME5 9JN	£460,000	£460,000	£0	08 Jul 2024	10 Jan 2025	186 Days
34 Upper Luton Road, Chatham, Medway, ME5 7BG	£245,000	£245,000	£0	10 Oct 2023	20 Dec 2024	437 Days
9 Sheraton Court, Chatham, Kent, ME5 9EG	£285,000	£285,000	£0	29 Jan 2024	12 Dec 2024	318 Days

Most Expensive Streets in ME5 (Chatham)

Postcode	Street	Area	Average	No. of Sales
ME5 9FG	Oak Gardens, Blue Bell Hill	Chatham	£939,000	5
ME5 9RD	Warren Road, Blue Bell Hill	Chatham	£930,612	4
ME5 9JB	Cossington Road	Chatham	£825,000	3
ME5 9LY	Podkin Wood	Chatham	£681,250	4
ME5 9SB	Rochester Road	Chatham	£638,333	3
ME5 9AB	Manor Gardens, Walderslade	Chatham	£635,000	3
ME5 7HL	Hunters Way West	Chatham	£631,250	4
ME5 9NJ	Robin Hood Lane, Walderslade	Chatham	£630,000	6
ME5 9JX	Woodlands	Chatham	£619,000	5
ME5 9QU	Robin Hood Lane, Blue Bell Hill	Chatham	£615,333	6

Least Expensive Streets in ME5 (Chatham)

Postcode	Street	Area	Average	No. of Sales
ME5 8TJ	Sultan Road	Chatham	£91,873	15
ME5 7RN	Apollo House, Illustrious Close	Chatham	£92,375	4
ME5 7NN	Kingsdale Court, Hopewell Drive	Chatham	£96,956	24
ME5 7TY	Edward Court	Chatham	£100,500	10
ME5 7PX	Dove Close	Chatham	£103,162	12
ME5 7NR	Glenwood Close	Chatham	£120,833	3
ME5 7BT	Romany Court, Beacon Road	Chatham	£141,125	4
ME5 8BQ	Katherine Court, Dargets Road	Chatham	£147,666	3
ME5 9GJ	Woodlands Court, Walderslade Centre	Chatham	£155,023	21
ME5 8RP	Shepperton Close	Chatham	£169,625	10