Key indicators for buyers
The ME2 market presents a mixed picture for buyers. Prices are rising at 28.3%, which may favour acting sooner rather than later. 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 £441,833 with a 25% deposit (£110k), a 2-year fixed mortgage at 3.97% costs around £1,744 per month.
Monthly cost comparison based on current data
Uses ME2 avg. price with Medway rental data
Monthly mortgage payments (£1,744) are £506 more than renting (£1,238). However, buying requires an upfront deposit of £110k — it would take around 17 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
136, BROMPTON FARM ROAD, STROOD ME2 3RE | Semi-detached | £420,000 | 16 Jan 2026 |
7, COLEWOOD DRIVE ME2 3UE | Detached | £650,500 | 15 Jan 2026 |
5, BURGESS ROAD ME2 4DE | Terraced | £255,000 | 8 Jan 2026 |
6, RAVENSBOURNE HOUSE, SEALAND DRIVE, STROOD ME2 2EQ | Flat/Maisonette | £207,000 | 19 Dec 2025 |
239, RUSHDEAN ROAD ME2 2QD | Terraced | £290,000 | 19 Dec 2025 |
51, KENT ROAD, HALLING ME2 1AR | Terraced | £270,000 | 19 Dec 2025 |
24, TUCANO COURT, SILVER STREAK WAY, STROOD ME2 2GP | Flat/Maisonette |
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 ME2 sold for £441,833 in 2026, with a median of £420,000 across 3 transactions. Prices rose 28.3% compared to the previous year.
| £210,000 |
| 19 Dec 2025 |
24, SEAGULL ROAD ME2 2SG | Terraced | £340,000 | 19 Dec 2025 |
20, WOODVIEW RISE ME2 3RP | Semi-detached | £415,000 | 19 Dec 2025 |
42, TERN CRESCENT ME2 2RG | Terraced | £280,000 | 18 Dec 2025 |
76, STATION ROAD, STROOD ME2 4BS | Terraced | £240,000 | 18 Dec 2025 |
21, WINDMILL STREET ME2 3XH | Semi-detached | £385,000 | 18 Dec 2025 |
41, OSWALD DRIVE, STROOD ME2 2GD | Detached | £277,500 | 18 Dec 2025 |
65, BROMPTON FARM ROAD, STROOD ME2 3QX | Detached | £540,000 | 18 Dec 2025 |
139, KITCHENER ROAD ME2 3AS | Terraced | £244,600 | 17 Dec 2025 |
24, WINDMILL STREET ME2 3XQ | Terraced | £242,000 | 16 Dec 2025 |
81, WESTON ROAD ME2 3HB | Terraced | £380,000 | 15 Dec 2025 |
75, SOUTHWARK ROAD ME2 2RB | Terraced | £315,000 | 15 Dec 2025 |
FLAT 4, ELAINE COURT, ELAINE AVENUE ME2 2YR | Flat/Maisonette | £174,500 | 15 Dec 2025 |
21, HAWTHORN ROAD ME2 2HW | Semi-detached | £286,000 | 15 Dec 2025 |
The most recent recorded sale in ME2 was a semi-detached property on Brompton Farm Road for £420,000 in January 2026. Across the last 20 sales, the median price was £286,000.