Key indicators for buyers
The ME5 market is moderately favourable for buyers. Prices have softened (-5.7%), 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 £309,261 with a 25% deposit (£77k), a 2-year fixed mortgage at 3.97% costs around £1,220 per month.
Monthly cost comparison based on current data
Uses ME5 avg. price with Medway rental data
Monthly mortgage payments (£1,220) are £18 less than renting (£1,238). However, buying requires an upfront deposit of £77k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
147, CRESTWAY ME5 0BH | Semi-detached | £270,000 | 20 Jan 2026 |
4, FLAMINGO CLOSE ME5 7RF | Semi-detached | £266,000 | 16 Jan 2026 |
40, WINCHELSEA ROAD ME5 7LY | Semi-detached | £345,000 | 16 Jan 2026 |
29, BOWER GREEN ME5 8TN | Terraced | £270,000 | 16 Jan 2026 |
26, ROOSEVELT AVENUE ME5 0ER | Semi-detached | £375,000 | 16 Jan 2026 |
26, ALAMEIN AVENUE ME5 0HZ | Semi-detached | £370,000 | 16 Jan 2026 |
17, BARNFIELD ME5 0HT | Terraced | £240,000 |
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 ME5 sold for £309,261 in 2026, with a median of £270,000 across 23 transactions. Prices fell 5.7% compared to the previous year.
| 16 Jan 2026 |
12, DEVON CLOSE ME5 7SJ | Terraced | £312,500 | 16 Jan 2026 |
23, FRESHWATER ROAD ME5 7SZ | Terraced | £258,000 | 15 Jan 2026 |
29, GATCOMBE CLOSE ME5 7RD | Semi-detached | £350,000 | 12 Jan 2026 |
8, COMPTON CLOSE ME5 8SF | Semi-detached | £246,000 | 12 Jan 2026 |
19, TYNE CLOSE ME5 8JQ | Semi-detached | £260,000 | 9 Jan 2026 |
100C, TUNBURY AVENUE ME5 9HY | Flat/Maisonette | £250,000 | 9 Jan 2026 |
1, COMPTON CLOSE ME5 8SF | Terraced | £245,000 | 9 Jan 2026 |
1, GOLDSTONE WALK ME5 9QB | Detached | £427,500 | 9 Jan 2026 |
11, WOODCHURCH CLOSE ME5 7LW | Detached | £345,000 | 8 Jan 2026 |
1, WAVERLEY CLOSE ME5 8UQ | Terraced | £243,000 | 8 Jan 2026 |
38, CORONATION ROAD ME5 7DE | Terraced | £240,000 | 7 Jan 2026 |
33, CHARLOTTE CLOSE ME5 7LQ | Semi-detached | £410,000 | 7 Jan 2026 |
34, EDEN AVENUE ME5 0HW | Semi-detached | £365,000 | 7 Jan 2026 |
The most recent recorded sale in ME5 was a semi-detached property on Crestway for £270,000 in January 2026. Across the last 20 sales, the median price was £270,000.