Key indicators for buyers
The ME3 market presents a mixed picture for buyers. Prices are rising at 18.1%, 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 £448,083 with a 25% deposit (£112k), a 2-year fixed mortgage at 3.97% costs around £1,768 per month.
Monthly cost comparison based on current data
Uses ME3 avg. price with Medway rental data
Monthly mortgage payments (£1,768) are £530 more than renting (£1,238). However, buying requires an upfront deposit of £112k — it would take around 18 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
THE SHIP HOUSE, HIGH STREET, LOWER STOKE ME3 9RD | Detached | £550,000 | 22 Jan 2026 |
14, PEAL CLOSE, HOO ME3 9HE | Terraced | £294,000 | 15 Jan 2026 |
5, GAMMA COURT, HOO ME3 9UL | Flat/Maisonette | £185,000 | 13 Jan 2026 |
3, GYPSY WAY, HIGH HALSTOW ME3 8DX | Detached | £445,000 | 9 Jan 2026 |
22, COOMBE ROAD, HOO ME3 9EL | Semi-detached | £378,250 | 9 Jan 2026 |
7, BERRY WOOD CLOSE, CLIFFE WOODS ME3 7TB | Detached | £606,000 | 9 Jan 2026 |
25, PEAL CLOSE, HOO ME3 9HE | Terraced |
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 ME3 sold for £448,083 in 2026, with a median of £397,000 across 9 transactions. Prices rose 18.1% compared to the previous year.
| £277,500 |
| 8 Jan 2026 |
RECTORY HOUSE, RECTORY ROAD, CLIFFE ME3 7RP | Semi-detached | £900,000 | 8 Jan 2026 |
52, HOGARTH CLOSE, HOO ME3 9XQ | Semi-detached | £397,000 | 8 Jan 2026 |
1, MARSHGATE VILLAS, COOLING ME3 8DP | Semi-detached | £470,000 | 19 Dec 2025 |
29, FLORA WAY, HOO ME3 9FU | Terraced | £400,000 | 19 Dec 2025 |
23, CHRISTMAS LANE, HIGH HALSTOW ME3 8SN | Detached | £615,000 | 18 Dec 2025 |
57, HARRISON DRIVE, HIGH HALSTOW ME3 8TF | Semi-detached | £375,000 | 18 Dec 2025 |
53, KINGSHILL DRIVE, HOO ME3 9JW | Terraced | £332,000 | 18 Dec 2025 |
16, ST DAVIDS ROAD, ALLHALLOWS ME3 9PW | Semi-detached | £328,400 | 18 Dec 2025 |
5, COOMBE ROAD, HOO ME3 9EL | Semi-detached | £350,000 | 17 Dec 2025 |
12, VICARAGE LANE, HOO ME3 9AZ | Terraced | £225,000 | 17 Dec 2025 |
64, HARRISON DRIVE, HIGH HALSTOW ME3 8TG | Semi-detached | £350,000 | 17 Dec 2025 |
2, DUX COURT COTTAGE, DUX COURT ROAD, HOO ME3 8RZ | Semi-detached | £394,070 | 17 Dec 2025 |
34, WYLIE ROAD, HOO ME3 9EE | Semi-detached | £358,000 | 12 Dec 2025 |
The most recent recorded sale in ME3 was a detached property on High Street for £550,000 in January 2026. Across the last 20 sales, the median price was £378,250.