ME13 7QU is a residential postcode situated on Wells Way, Faversham, ME13 with 22 addresses.
It ranks as the 795th largest and 401st most expensive of the 1,005 postcodes in the ME13 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 22 properties: 22 houses.
ME13 7QU is a residential postcode situated on Wells Way, Faversham, ME13 with 22 addresses.
It ranks as the 795th largest and 401st most expensive of the 1,005 postcodes in the ME13 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 22 properties: 22 houses.
Sale prices range from £249,827 for 2 bedroom freehold houses with a garden (484 ft2) to £406,465 for 3 bedroom freehold houses with a garden (1,161 ft2) .
Monthly rental prices range from £1,104 pcm for 2 bed houses to £1,665 pcm for 3 bed houses.
The gross rental yield is between 4.9% and 5.4%.
The average value per square foot is £419.
The last sale in ME13 7QU sold for £340,000 on 24th November 2023. Since then prices are down an average of 2.2%.
The current average value in the postcode is £332,573.
The ME13 7QU Sales Market has increased by 29.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.5% | £332,573 |
| April 2025 | 1.8% | £337,482 |
| April 2024 | -6.1% | £331,674 |
| April 2023 | 3.7% | £353,305 |
| April 2022 | 9% | £340,615 |
| April 2021 | 10.3% | £312,610 |
| April 2020 | -1.2% | £283,465 |
| April 2019 | -0.7% | £286,958 |
| April 2018 | 4.4% | £289,087 |
| April 2017 | 7.6% | £276,939 |
| April 2016 | 12% | £257,339 |
| April 2015 | 9.9% | £229,803 |
| April 2014 | 12.3% | £209,119 |
| April 2013 | -1.6% | £186,215 |
| April 2012 | 4.8% | £189,200 |
| April 2011 | 1.5% | £180,460 |
| April 2010 | 8.4% | £177,824 |
| April 2009 | -16% | £164,041 |
| April 2008 | 6.1% | £195,354 |
| April 2007 | 0% | £184,136 |
The current average rental value in the postcode is £1,448.
The ME13 7QU Rental Market has increased by 52.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.6% | £1,448pcm |
| April 2025 | 6.5% | £1,425pcm |
| April 2024 | 1.9% | £1,339pcm |
| April 2023 | 9% | £1,314pcm |
| April 2022 | 9.5% | £1,205pcm |
| April 2021 | 8.8% | £1,100pcm |
| April 2020 | -0.7% | £1,011pcm |
| April 2019 | 0.6% | £1,019pcm |
| April 2018 | 3% | £1,012pcm |
| April 2017 | 3.6% | £983pcm |
| April 2016 | 4.7% | £949pcm |
| April 2015 | 8.7% | £906pcm |
| April 2014 | 2.2% | £834pcm |
| April 2013 | 3.8% | £817pcm |
| April 2012 | -0.3% | £787pcm |
| April 2011 | 3.2% | £789pcm |
| April 2010 | 4% | £765pcm |
| April 2009 | -4.2% | £735pcm |
| April 2008 | 4.9% | £767pcm |
| April 2007 | 0% | £731pcm |
The last sale was on 24th November 2023 for £340,000 and since then the market in the area has decreased by 2.2%. The postcode has had a total of 22 sales since 1995.
ME13 7QU has seen 2 sales in the last three years and no sales in the last twelve months.
ME13 7QU is the 795th largest and the 401st most expensive postcode out of the 1,005 postcodes in the ME13 area.
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The closest station to ME13 7QU is Faversham station which is 1.4 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around ME13 7QU, % of property is and % is .
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around ME13 7QU, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around ME13 7QU, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around ME13 7QU, there are an average of 0.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.