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Sheerness House Prices Sheerness House Prices

The average house price in Sheerness is £102,000 using HM Land Registry data.

The average property price increased by £60,460 (37.23%) over the last 5 years and increased by £12,084 (5.73%) over the last 12 months.

Over the last year, there were 74 residential property sales – a decrease of 68 transactions (-91.89%) relative to the previous year. The majority of house sales (17) were in the £220,000 - £250,000 range. Then came properties in the £190,000 - £220,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,413 (-2%).

In April 2024, there were 24 new estate agency instructions, 13 agreed home sales and 12 property price reductions.

Neighbouring Areas: Queenborough

Postcodes Covered: ME11, ME12

5-Year Average Property Prices in Sheerness

37.23%

Property prices in Sheerness increased by 37.23% 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 Sheerness Over the Last Year

5.73%

Property prices in Sheerness increased by 5.73% 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 Sheerness - 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 Sheerness

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 Sheerness

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 Sheerness

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 Sheerness since 1995

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

Recent Property Sales in Sheerness

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
133 St Georges Avenue, Sheerness, Kent, ME12 1QT£280,000£270,000-£10,00028 Aug 202304 Mar 2024189 Days
21 Harris Road, Sheerness, Kent, ME12 1UF£190,000£180,000-£10,00013 Oct 202316 Feb 2024126 Days
15 Winstanley Road, Sheerness, Kent, ME12 2PL£180,000£180,000£0024 Aug 202329 Jan 2024158 Days
50 Invicta Road, Sheerness, Kent, ME12 2AH£190,000£175,000-£15,00005 Sep 202305 Jan 2024122 Days
241 St Georges Avenue, Sheerness, Kent, ME12 1ET£180,000£177,000-£3,00005 Jun 202315 Nov 2023163 Days
60 Vincent Gardens, Sheerness, Kent, ME12 1XX£250,000£250,000£0024 May 202320 Oct 2023149 Days
59 Broad Street, Sheerness, Kent, ME12 1EA£260,000£260,000£0030 May 202329 Sep 2023122 Days
74 Alma Road, Sheerness, Kent, ME12 2PD£230,000£207,500-£22,50020 Jun 202322 Sep 202394 Days
125 Jefferson Road, Sheerness, Kent, ME12 2PX£175,000£175,000£0015 Sep 202315 Sep 20230 Days
35 Galway Road, Sheerness, Kent, ME12 2QL£210,000£195,000-£15,00024 Apr 202301 Sep 2023130 Days
Flat 3, Alexandra Mews, Alexandra Road, Sheerness, Kent, ME12 2AS£85,000£77,000-£8,00006 Jun 202324 Aug 202379 Days
22 Maple Street, Sheerness, Kent, ME12 1XH£220,000£218,000-£2,00025 Apr 202311 Aug 2023108 Days
286 High Street, Sheerness, Kent, ME12 1UU£250,000£236,000-£14,00003 Dec 202217 May 2023165 Days
36 Clyde Street, Sheerness, Kent, ME12 2QG£220,000£215,000-£5,00012 Aug 202221 Apr 2023252 Days
93 Coronation Road, Sheerness, Kent, ME12 2QP£245,000£240,000-£5,00012 Sep 202220 Apr 2023220 Days
41 Granville Road, Sheerness, Kent, ME12 1QL£200,000£194,000-£6,00010 Feb 202309 Apr 202358 Days
169 Invicta Road, Sheerness, Kent, ME12 2AG£260,000£255,000-£5,00024 Jan 202306 Apr 202372 Days
98 Unity Street, Sheerness, Kent, ME12 2PS£170,000£170,000£0011 Jan 202306 Apr 202385 Days
25 Thames Avenue, Sheerness, Kent, ME12 1DH£275,000£260,000-£15,00023 Nov 202230 Mar 2023127 Days
127 Invicta Road, Sheerness, Kent, ME12 2AQ£190,000£190,000£0004 Nov 202213 Mar 2023129 Days

Most Expensive Streets in Sheerness

PostcodeStreetAreaAverageNo. of Sales
ME12 2BEMarine ParadeSheerness£325,0003
ME12 2FNSeaview TerraceSheerness£295,0005
ME12 2BQBeckley RoadSheerness£290,8577
ME12 2BXMarine ParadeSheerness£266,2504
ME12 1UYPark RoadSheerness£266,0004
ME12 1YGSecond AvenueSheerness£257,5006
ME12 1TFWindmill CourtBroadway£256,6663
ME12 1LLQueenswaySheerness£253,3333
ME12 1JGHartlip CloseSheerness£250,8504
ME12 1XNSt Agnes GardensSheerness£250,8005

Least Expensive Streets in Sheerness

PostcodeStreetAreaAverageNo. of Sales
ME12 1SWRoyal Fountain MewsWest Street, Sheerness£54,0833
ME12 2NYFonblanque RoadSheerness£101,5004
ME12 1UWPortland HouseHigh Street, Sheerness£101,5004
ME12 2PFTrinity RoadSheerness£123,0333
ME12 2PYJames StreetSheerness£143,0836
ME12 2QARichmond StreetSheerness£148,3333
ME12 2QFClyde StreetSheerness£150,2506
ME12 1QXSt Georges AvenueSheerness£151,6395
ME12 1TSBroadwaySheerness£154,2857
ME12 1RBDelamark RoadSheerness£158,8336

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