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Chatham House Prices Chatham House Prices

The average house price in Chatham is £315,134 using HM Land Registry data.

The average property price increased by £82,155 (34.3%) over the last 5 years and increased by £16,419 (5.38%) over the last 12 months.

Over the last year, there were 699 residential property sales – a decrease of 320 transactions (-45.78%) relative to the previous year. The majority of house sales (162) were in the £272,000 - £318,000 range. Then came properties in the £226,000 - £272,000 range, where 159 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 99 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,619 (-1%).

In April 2024, there were 136 new estate agency instructions, 108 agreed home sales and 65 property price reductions.

Neighbouring Areas: Rochester, Gillingham (Kent)

Postcodes Covered: ME1, ME4, ME5, ME7

5-Year Average Property Prices in Chatham

34.3%

Property prices in Chatham increased by 34.3% 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 Chatham Over the Last Year

5.38%

Property prices in Chatham increased by 5.38% 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 Chatham - April 2024

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 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 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 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 Chatham since 1995

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

Recent Property Sales in Chatham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28a, East Street, Chatham, Medway, ME4 5NJ£220,000£166,000-£54,00019 Dec 202318 Mar 202490 Days
5 Scarlett Close, Chatham, Medway, ME5 8LE£350,000£350,000£0001 Nov 202305 Mar 2024125 Days
27 Woolwich Close, Chatham, Medway, ME5 0HU£350,000£345,000-£5,00006 Sep 202301 Mar 2024177 Days
16 Timber Bank, Chatham, Medway, ME5 0LF£152,500£148,500-£4,00007 Mar 202329 Feb 2024359 Days
111 Chestnut Avenue, Chatham, Medway, ME5 9BE£340,000£340,000£0016 Oct 202323 Feb 2024130 Days
57 Churchill Avenue, Chatham, Medway, ME5 0DF£250,000£240,000-£10,00019 Oct 202319 Feb 2024123 Days
31 Ramillies Close, Chatham, Medway, ME5 7SA£250,000£250,000£0018 Aug 202316 Feb 2024182 Days
50 Ernest Road, Chatham, Medway, ME4 5PT£260,000£259,000-£1,00027 Sep 202315 Feb 2024141 Days
18 Marlow Copse, Chatham, Kent, ME5 9DR£310,000£297,500-£12,50026 Sep 202309 Feb 2024136 Days
31 Gleaming Wood Drive, Chatham, Kent, ME5 8XY£175,000£175,000£0031 Jul 202309 Feb 2024193 Days
32 Alamein Avenue, Chatham, Medway, ME5 0HZ£525,000£512,500-£12,50007 Sep 202309 Feb 2024155 Days
23 Sultan Road, Chatham, Medway, ME5 8TJ£85,000£85,000£0003 May 202305 Feb 2024278 Days
29 Cobden Road, Chatham, Medway, ME4 5HW£205,000£205,000£0009 Oct 202331 Jan 2024114 Days
24 Ballens Road, Chatham, Medway, ME5 8NT£340,000£330,000-£10,00006 Oct 202330 Jan 2024116 Days
75 Ewart Road, Chatham, Medway, ME4 6LA£300,000£290,000-£10,00027 Jun 202326 Jan 2024213 Days
51 Wyles Road, Chatham, Medway, ME4 6LE£240,000£235,000-£5,00024 Jul 202326 Jan 2024186 Days
23 Papion Grove, Chatham, Kent, ME5 9BS£300,000£300,000£0019 Aug 202324 Jan 2024158 Days
Flat 21, Kingsdale Court, Hopewell Drive, Chatham, Medway, ME5 7NN£67,000£66,000-£1,00005 Oct 202223 Jan 2024475 Days
32 Lambourn Way, Chatham, Medway, ME5 8PU£580,000£565,000-£15,00007 Jun 202319 Jan 2024226 Days
31 Bradfields Avenue, Chatham, Medway, ME5 0LE£450,000£450,000£0001 Sep 202319 Jan 2024140 Days

Most Expensive Streets in Chatham

PostcodeStreetAreaAverageNo. of Sales
ME5 9FGOak GardensBlue Bell Hill£939,0005
ME5 9JBCossington RoadChatham£825,0003
ME4 6JGMaidstone RoadChatham£775,0004
ME7 3AZBanksview DriveHempstead£718,65313
ME5 7HLHunters Way WestChatham£693,3333
ME5 9NJRobin Hood LaneWalderslade£637,0005
ME5 9ABManor GardensWalderslade£635,0003
ME4 6PDThe RidgewayChatham£634,2779
ME7 3BFBrickmakers WayHempstead£625,14333
ME5 9JXWoodlandsChatham£623,6666

Least Expensive Streets in Chatham

PostcodeStreetAreaAverageNo. of Sales
ME4 4ENEmpire ReachHigh Street, Chatham£69,5003
ME5 7DUTroudau HouseChatham Hill£73,6666
ME4 4PGHigh StreetChatham£75,74719
ME5 8TJSultan RoadChatham£90,22114
ME5 7RNApollo HouseIllustrious Close£92,3754
ME5 7PXDove CloseChatham£96,4217
ME4 5RGSilver Hill GardensChatham£98,3333
ME5 7NNKingsdale CourtHopewell Drive£99,33822
ME4 5DSConnaught MewsChatham£100,2504
ME5 7TYEdward CourtChatham£105,16312

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