Key indicators for buyers
The ME4 market is moderately favourable for buyers. Prices have softened (-18.5%), which could present a buying opportunity. 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 £248,875 with a 25% deposit (£62k), a 2-year fixed mortgage at 3.97% costs around £982 per month.
Monthly cost comparison based on current data
Uses ME4 avg. price with Medway rental data
Monthly mortgage payments (£982) are £256 less than renting (£1,238). However, buying requires an upfront deposit of £62k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
38, INSTITUTE ROAD ME4 4PE | Terraced | £227,500 | 23 Jan 2026 |
5, MAIN STREET, ST MARYS ISLAND ME4 3SE | Detached | £482,500 | 16 Jan 2026 |
10, BEACONSFIELD ROAD ME4 5SW | Semi-detached | £295,000 | 16 Jan 2026 |
96, DALE STREET ME4 6QH | Terraced | £205,000 | 13 Jan 2026 |
62, NEW ROAD ME4 4QR | Terraced | £196,000 | 13 Jan 2026 |
23, ARMADA WAY ME4 6PH | Terraced | £220,000 | 9 Jan 2026 |
1, COTTALL AVENUE ME4 6HG | Terraced | £235,000 |
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 ME4 sold for £248,875 in 2026, with a median of £223,750 across 8 transactions. Prices fell 18.5% compared to the previous year.
| 8 Jan 2026 |
FLAT, 19, CHATHAM GROVE ME4 6LX | Flat/Maisonette | £130,000 | 6 Jan 2026 |
8, BOMBARDIER WALK ME4 6FL | Semi-detached | £500,000 | 22 Dec 2025 |
45, EDINBURGH ROAD ME4 5BY | Terraced | £120,000 | 19 Dec 2025 |
41, PORT RISE ME4 6QA | Terraced | £335,000 | 18 Dec 2025 |
148, PAGITT STREET ME4 6RB | Terraced | £355,000 | 18 Dec 2025 |
APARTMENT 65, MARINA POINT EAST, CHATHAM QUAYS ME4 4ZH | Flat/Maisonette | £190,000 | 18 Dec 2025 |
108, GORDON ROAD ME4 5LX | Terraced | £180,000 | 18 Dec 2025 |
4A, WALDERSLADE ROAD ME4 6NY | Detached | £380,000 | 17 Dec 2025 |
6, CONNAUGHT ROAD ME4 5DJ | Terraced | £187,500 | 17 Dec 2025 |
12, EWART ROAD ME4 6LB | Terraced | £267,000 | 17 Dec 2025 |
39, GROSVENOR AVENUE ME4 6UY | Semi-detached | £320,000 | 17 Dec 2025 |
90, PALMERSTON ROAD ME4 5SL | Terraced | £225,000 | 16 Dec 2025 |
73, SALISBURY ROAD ME4 5NN | Terraced | £226,000 | 15 Dec 2025 |
The most recent recorded sale in ME4 was a terraced property on Institute Road for £227,500 in January 2026. Across the last 20 sales, the median price was £227,500.