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Hoo St Werburgh House Prices Hoo St Werburgh House Prices

The average house price in Hoo St Werburgh is £224,500 using HM Land Registry data.

The average property price increased by £54,768 (19.91%) over the last 5 years and increased by £10,946 (3.43%) over the last 12 months.

Over the last year, there were 63 residential property sales – a decrease of 22 transactions (-34.92%) relative to the previous year. The majority of house sales (15) were in the £280,000 - £320,000 range. Then came properties in the £320,000 - £360,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,315 (-1%).

In April 2024, there were 30 new estate agency instructions, 12 agreed home sales and 10 property price reductions.

Postcodes Covered: ME3

5-Year Average Property Prices in Hoo St Werburgh

19.91%

Property prices in Hoo St Werburgh increased by 19.91% 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 Hoo St Werburgh Over the Last Year

3.43%

Property prices in Hoo St Werburgh increased by 3.43% 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 Hoo St Werburgh - 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 Hoo St Werburgh

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 Hoo St Werburgh

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 Hoo St Werburgh

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 Hoo St Werburgh since 1995

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

Recent Property Sales in Hoo St Werburgh

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
162 Knights Road, Hoo, Rochester, Medway, ME3 9BY£325,000£320,000-£5,00019 Sep 202301 Mar 2024164 Days
24 Flack Gardens, Hoo, Rochester, Medway, ME3 9AX£240,000£240,000£0002 Sep 202326 Feb 2024177 Days
12 Kingshill Drive, Hoo, Rochester, Medway, ME3 9JP£280,000£280,000£0015 Sep 202316 Feb 2024154 Days
60 Stoke Road, Hoo, Rochester, Medway, ME3 9BL£330,000£305,000-£25,00010 Oct 202311 Feb 2024124 Days
21 Marley Road, Hoo, Rochester, Medway, ME3 9DH£280,000£275,000-£5,00013 Oct 202308 Dec 202356 Days
4 Flack Gardens, Hoo, Rochester, Medway, ME3 9AX£130,000£100,000-£30,00019 Apr 202330 Nov 2023225 Days
48 Fourwents Road, Hoo, Rochester, Medway, ME3 9JZ£355,000£330,000-£25,00008 Jun 202303 Nov 2023148 Days
137 Bells Lane, Hoo, Rochester, Medway, ME3 9HY£550,000£550,000£0010 May 202319 Oct 2023162 Days
13 Trubridge Road, Hoo, Rochester, Medway, ME3 9EN£400,000£395,000-£5,00026 Jun 202329 Sep 202395 Days
68 Trubridge Road, Hoo, Rochester, Medway, ME3 9EW£325,000£325,000£0016 Jan 202306 Sep 2023233 Days
3 Sanctus Court, Hoo, Rochester, Medway, ME3 9GN£400,000£400,000£0021 Mar 202325 Aug 2023157 Days
41 Robson Drive, Hoo, Rochester, Medway, ME3 9DZ£360,000£355,000-£5,00004 May 202324 Aug 2023112 Days
49 Grandsire Gardens, Hoo, Rochester, Medway, ME3 9LH£275,000£275,000£0019 May 202304 Aug 202377 Days
23 Newitt Road, Hoo, Rochester, Medway, ME3 9ES£365,000£360,000-£5,00016 May 202319 Jul 202364 Days
60 Stoke Road, Hoo, Rochester, Medway, ME3 9BL£248,000£240,000-£8,00007 Jul 202218 Jul 2023376 Days
21 Wylie Road, Hoo, Rochester, Medway, ME3 9EF£315,000£305,500-£9,50020 Mar 202305 Jul 2023107 Days
51 Kingshill Drive, Hoo, Rochester, Medway, ME3 9JW£385,000£375,000-£10,00001 Oct 202221 Apr 2023202 Days
63 Vidgeon Avenue, Hoo, Rochester, Medway, ME3 9DE£350,000£340,000-£10,00027 Jul 202229 Mar 2023245 Days
3 Vicarage Lane, Hoo, Rochester, Medway, ME3 9AZ£335,000£335,000£0006 Sep 202210 Mar 2023185 Days
5 Everest Drive, Hoo, Rochester, Medway, ME3 9AN£400,000£400,000£0004 Oct 202116 Feb 2023500 Days

Most Expensive Streets in Hoo St Werburgh

PostcodeStreetAreaAverageNo. of Sales
ME3 9HGMain RoadHoo£460,7504
ME3 9HYBells LaneHoo£451,6663
ME3 9BHStoke RoadHoo£410,9005
ME3 9JWKingshill DriveHoo£399,6878
ME3 9EEWylie RoadHoo£379,3333
ME3 9BLStoke RoadHoo£378,8128
ME3 9ENTrubridge RoadHoo£375,0003
ME3 9JABells LaneHoo£373,0005
ME3 9HXBells LaneHoo£363,3326
ME3 9ELCoombe RoadHoo£357,0005

Least Expensive Streets in Hoo St Werburgh

PostcodeStreetAreaAverageNo. of Sales
ME3 9AXFlack GardensHoo£145,34316
ME3 9BNNursery GardensHoo£153,9378
ME3 9ATEverest MewsHoo£173,3333
ME3 9HSWillow GrangeHoo£176,38217
ME3 9HBMain RoadHoo£215,0003
ME3 9JEKingsnorth CloseHoo£234,8333
ME3 9BWJennifer CourtHoo£240,6663
ME3 9JYFourwents RoadHoo£249,8333
ME3 9DYKnights RoadHoo£259,3754
ME3 9EFWylie RoadHoo£266,8333

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