Key indicators for buyers
The ME1 market is moderately favourable for buyers. Affordability has improved from a peak of 9.1x in 2023 to 8.3x today. Rising rents (£1,238/mo, +5.7%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Medway area
A home in Medway costs 8.3x the local median salary — stretched, improving from a peak of 9.1x in 2023.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Medway area
Average monthly rent in Medway is £1,238, up 5.7% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Medway price of £329,500 with a 25% deposit (£82k), a 2-year fixed mortgage at 3.97% costs around £1,300 per month.
Monthly cost comparison based on current data
Uses ME1 avg. price with Medway rental data
Monthly mortgage payments (£1,300) are £62 more than renting (£1,238). However, buying requires an upfront deposit of £82k — it would take around 10 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
48, NICKLEBY CLOSE ME1 2LE | Semi-detached | £338,000 | 23 Jan 2026 |
28, FLORIN DRIVE ME1 1TP | Terraced | £187,500 | 20 Jan 2026 |
12, HORSLEY ROAD ME1 1UW | Terraced | £220,000 | 19 Jan 2026 |
17, MARLEY WAY ME1 2LJ | Terraced | £340,000 | 16 Jan 2026 |
40, AMHERST ROAD ME1 2AR | Terraced | £260,000 | 16 Jan 2026 |
20, GALLEON CLOSE ME1 3PF | Terraced | £322,500 | 14 Jan 2026 |
42, MARLEY WAY ME1 2LJ | Semi-detached | £312,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in ME1 sold for £329,500 in 2026, with a median of £330,250 across 12 transactions. Prices fell 1.5% compared to the previous year.
| 12 Jan 2026 |
31, VILLAGE ROAD, WOULDHAM ME1 3FJ | Detached | £430,000 | 9 Jan 2026 |
MOAT COTTAGE, 7, CASTLE HILL ME1 1QQ | Detached | £515,000 | 9 Jan 2026 |
FLAT 46, BRIDGE HOUSE, VALETTA WAY ME1 1LQ | Flat/Maisonette | £249,000 | 6 Jan 2026 |
19, MAY ROAD ME1 2HY | Terraced | £350,000 | 5 Jan 2026 |
18, VILLAGE ROAD, WOULDHAM ME1 3FL | Semi-detached | £430,000 | 5 Jan 2026 |
19, BERKELEY CLOSE ME1 2UA | Semi-detached | £350,000 | 19 Dec 2025 |
13, SIR EVELYN ROAD ME1 3NB | Terraced | £365,000 | 19 Dec 2025 |
5, HOLCOMBE ROAD ME1 2HU | Terraced | £257,500 | 18 Dec 2025 |
30, WELLER AVENUE ME1 2LG | Terraced | £298,000 | 18 Dec 2025 |
15, SHELLEY RISE ME1 1BH | Flat/Maisonette | £195,000 | 18 Dec 2025 |
19, HOLCOMBE ROAD ME1 2HU | Terraced | £210,000 | 18 Dec 2025 |
272, WILSON AVENUE ME1 2SR | Detached | £425,000 | 17 Dec 2025 |
261, ROCHESTER ROAD, BURHAM ME1 3RT | Terraced | £278,000 | 17 Dec 2025 |
The most recent recorded sale in ME1 was a semi-detached property on Nickleby Close for £338,000 in January 2026. Across the last 20 sales, the median price was £322,500.