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Gillingham (Kent) House Prices

The average house price in Gillingham (Kent) is £340,666 using HM Land Registry data.

The average property price increased by £68,886 (25.25%) over the last 5 years and increased by £13,767 (4.2%) over the last 12 months.

Over the last year, there were 955 residential property sales – a decrease of 345 transactions (-36.13%) relative to the previous year. The majority of house sales (250) were in the £254,000 - £308,000 range. Then came properties in the £308,000 - £362,000 range, where 193 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 £-6,918 (-1%).

In April 2024, there were 243 new estate agency instructions, 171 agreed home sales and 101 property price reductions.

5-Year Average Property Prices in Gillingham (Kent)

25.25%

Property prices in Gillingham (Kent) increased by 25.25% 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 Gillingham (Kent) Over the Last Year

4.2%

Property prices in Gillingham (Kent) increased by 4.2% 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 Gillingham (Kent) - 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 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 Gillingham (Kent)

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 Gillingham (Kent)

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 Gillingham (Kent)

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 Gillingham (Kent) since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Gillingham (Kent) area since 1995.

Recent Property Sales in Gillingham (Kent)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
12 Plumtree Grove, Hempstead, Gillingham, Medway, ME7 3RW	£325,000	£325,000	£00	23 Oct 2023	15 Mar 2024	144 Days
31 Chart Place, Gillingham, Medway, ME8 0LW	£350,000	£140,000	-£210,000	24 Feb 2020	08 Mar 2024	1474 Days
43 Orchard Street, Gillingham, Medway, ME8 9AB	£230,000	£230,000	£00	30 Jun 2023	06 Mar 2024	250 Days
5 Bayswater Drive, Rainham, Gillingham, Medway, ME8 8TH	£400,000	£398,000	-£2,000	06 Nov 2023	04 Mar 2024	119 Days
18 Tappan Drive, St Marys Island, Chatham, Medway, ME4 3SY	£574,995	£555,000	-£19,995	09 Dec 2023	04 Mar 2024	86 Days
55 Windermere Drive, Gillingham, Medway, ME8 9DX	£325,000	£315,000	-£10,000	15 Sep 2023	29 Feb 2024	167 Days
9 Teynham Green, Gillingham, Medway, ME8 6NZ	£325,000	£325,000	£00	13 Nov 2023	28 Feb 2024	107 Days
93 Hawbeck Road, Gillingham, Medway, ME8 9UY	£350,000	£345,000	-£5,000	01 Jun 2023	26 Feb 2024	270 Days
61 Orchard Street, Gillingham, Medway, ME8 9AB	£335,000	£330,000	-£5,000	27 Sep 2023	20 Feb 2024	146 Days
39 Harvesters Close, Rainham, Gillingham, Medway, ME8 8PB	£290,000	£285,000	-£5,000	16 Oct 2023	16 Feb 2024	123 Days
21 Sutherland Gardens, Gillingham, Medway, ME8 9LZ	£290,000	£285,000	-£5,000	16 Oct 2023	16 Feb 2024	123 Days
30 Lonsdale Drive, Gillingham, Medway, ME8 9HZ	£375,000	£375,000	£00	13 Jun 2023	14 Feb 2024	246 Days
84 St Marys Road, Gillingham, Medway, ME7 1JL	£240,000	£235,000	-£5,000	25 Aug 2023	09 Feb 2024	168 Days
17 Pump Lane, Rainham, Gillingham, Medway, ME8 7AB	£630,000	£615,000	-£15,000	31 Mar 2023	08 Feb 2024	314 Days
2 Lambourne Place, Rainham, Gillingham, Medway, ME8 7PW	£350,000	£347,000	-£3,000	05 Oct 2023	02 Feb 2024	120 Days
187 Hempstead Road, Hempstead, Gillingham, Medway, ME7 3QG	£825,000	£825,000	£00	27 Sep 2023	29 Jan 2024	124 Days
65 Byron Road, Gillingham, Medway, ME7 5QH	£220,000	£220,000	£00	19 Oct 2023	19 Jan 2024	92 Days
35 Sutherland Gardens, Gillingham, Medway, ME8 9LZ	£240,000	£232,500	-£7,500	01 May 2019	17 Jan 2024	1722 Days
19 Finwell Road, Rainham, Gillingham, Medway, ME8 7PZ	£400,000	£395,000	-£5,000	09 Aug 2023	17 Jan 2024	161 Days
140 Gillingham Road, Gillingham, Medway, ME7 4EY	£250,000	£250,000	£00	26 May 2023	12 Jan 2024	231 Days

Most Expensive Streets in Gillingham (Kent)

Postcode	Street	Area	Average	No. of Sales
ME8 0AW	Marshall Road	Gillingham	£800,000	3
ME7 3RT	Spekes Road	Hempstead	£761,250	4
ME8 7UJ	Berengrave Lane	Rainham	£736,500	6
ME7 3RU	Lambsfrith Grove	Hempstead	£733,333	3
ME7 3DX	Lamplighters Close	Hempstead	£692,500	3
ME8 0TW	Wigmore Road	Gillingham	£687,666	3
ME8 0QL	Fairview Avenue	Gillingham	£672,631	4
ME8 0HZ	Maidstone Road	Gillingham	£661,250	4
ME8 0AG	Edwin Road	Gillingham	£654,166	6
ME7 3RS	Spekes Road	Hempstead	£651,000	5

Least Expensive Streets in Gillingham (Kent)

Postcode	Street	Area	Average	No. of Sales
ME8 7BE	Cozenton House	Birling Avenue	£86,500	4
ME7 1GQ	Ensign House	Pegasus Way	£103,426	4
ME8 6XW	River View	Gillingham	£105,833	3
ME7 2WD	Bayeux Gardens	Gillingham	£116,166	3
ME7 1FY	South Shore	Ocean Drive	£118,944	9
ME7 1RJ	Pier Road	Gillingham	£119,333	3
ME7 5HH	Kestrel House	Marlborough Road	£130,000	6
ME8 7HQ	Guardian Court	Rainham	£131,096	13
ME7 1LZ	Ethel Maud Court	Gillingham	£132,833	3
ME7 1XF	Railway Street	Gillingham	£141,083	6