Key indicators for buyers
The ME7 market is moderately favourable for buyers. Prices have softened (-8.0%), 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 £266,579 with a 25% deposit (£67k), a 2-year fixed mortgage at 3.97% costs around £1,052 per month.
Monthly cost comparison based on current data
Uses ME7 avg. price with Medway rental data
Monthly mortgage payments (£1,052) are £186 less than renting (£1,238). However, buying requires an upfront deposit of £67k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
32B, GILLINGHAM ROAD ME7 4RR | Semi-detached | £300,000 | 26 Jan 2026 |
78, SECOND AVENUE ME7 2HS | Terraced | £300,500 | 26 Jan 2026 |
33, GARDINER STREET ME7 1DW | Terraced | £260,000 | 23 Jan 2026 |
115, CORPORATION ROAD ME7 1RG | Terraced | £252,000 | 23 Jan 2026 |
81, THE EVERGLADES, HEMPSTEAD ME7 3PZ | Terraced | £250,000 | 21 Jan 2026 |
14, LAMPLIGHTERS CLOSE, HEMPSTEAD ME7 3NZ | Semi-detached | £400,000 | 16 Jan 2026 |
5, WATER MEADOW CLOSE, HEMPSTEAD ME7 3QF | Detached |
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 ME7 sold for £266,579 in 2026, with a median of £250,000 across 19 transactions. Prices fell 8.0% compared to the previous year.
| £620,000 |
| 16 Jan 2026 |
191, GILLINGHAM ROAD ME7 4EP | Terraced | £292,000 | 15 Jan 2026 |
53, ALBANY ROAD ME7 4HP | Terraced | £100,000 | 12 Jan 2026 |
49, MILTON ROAD ME7 5LP | Terraced | £242,000 | 12 Jan 2026 |
16, CORNWALL ROAD ME7 1LP | Terraced | £185,000 | 12 Jan 2026 |
16, CORNWALL ROAD ME7 1LP | Terraced | £185,000 | 12 Jan 2026 |
13, MARINERS VIEW ME7 2RW | Terraced | £385,000 | 9 Jan 2026 |
82, WINDMILL ROAD ME7 5NX | Terraced | £226,000 | 9 Jan 2026 |
23, ALBANY ROAD ME7 4HS | Terraced | £266,000 | 8 Jan 2026 |
11, GRANGE ROAD ME7 2PS | Semi-detached | £206,500 | 6 Jan 2026 |
44, MILTON ROAD ME7 5LN | Terraced | £150,000 | 6 Jan 2026 |
24, ALBANY ROAD ME7 4HS | Terraced | £215,000 | 6 Jan 2026 |
13, CHARTER STREET ME7 1NQ | Terraced | £230,000 | 5 Jan 2026 |
15, DIAL CLOSE ME7 2SD | Terraced | £220,000 | 22 Dec 2025 |
The most recent recorded sale in ME7 was a semi-detached property on Gillingham Road for £300,000 in January 2026. Across the last 20 sales, the median price was £250,000.