Merton Road - ME15 8LR
Key Postcode Insights
ME15 8LR is a residential postcode situated on Merton Road, Bearsted, Maidstone, ME15 with 16 addresses.
It ranks as the 740th largest and 466th most expensive of the 1,321 postcodes in the ME15 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 16 properties: 14 houses and 2 flats.
- Ave. Sale Price
- £275,856
- 10 Year change
- up 22.1%
- Ave. Rental Price
- £1,302pcm
- 10 Year change
- up 45.4%
- Ave. £ per ft²
- £443/ft²
- Ave. Gross Yield
- 5.7%/year/yr
Key Postcode Insights
ME15 8LR is a residential postcode situated on Merton Road, Bearsted, Maidstone, ME15 with 16 addresses.
It ranks as the 740th largest and 466th most expensive of the 1,321 postcodes in the ME15 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 16 properties: 14 houses and 2 flats.
- Ave. Sale Price
- £275,856
- 10 Year change
- up 22.1%
- Ave. Rental Price
- £1,302pcm
- 10 Year change
- up 45.4%
- Ave. £ per ft²
- £443/ft²
- Ave. Gross Yield
- 5.7%/year/yr
Explore Propertiesin ME15 8LR
- 87 Merton Road
Unknown
- 89 Merton Road
Unknown
- 91 Merton Road
3 Bed Mid-century House
- 93 Merton Road
Unknown
- 95 Merton Road
Unknown
Sales Market Trends
The last sale in ME15 8LR sold for £290,000 on 31st May 2024. Since then prices are up an average of 2.4%.
The current average value in the postcode is £275,856.
The ME15 8LR Sales Market has increased by 22.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0% | £275,856 |
| June 2025 | 1.9% | £275,920 |
| June 2024 | -2.7% | £270,742 |
| June 2023 | 0.2% | £278,292 |
| June 2022 | 9.3% | £277,725 |
| June 2021 | 7.1% | £254,205 |
| June 2020 | -0.4% | £237,422 |
| June 2019 | -0.8% | £238,360 |
| June 2018 | 1.3% | £240,372 |
| June 2017 | 5% | £237,303 |
| June 2016 | 10.9% | £225,954 |
| June 2015 | 8.9% | £203,719 |
| June 2014 | 10% | £187,119 |
| June 2013 | 1.6% | £170,101 |
| June 2012 | 2% | £167,390 |
| June 2011 | -1.8% | £164,033 |
| June 2010 | 5.8% | £166,960 |
| June 2009 | -13.7% | £157,860 |
| June 2008 | -0.1% | £183,010 |
| June 2007 | 0% | £183,233 |
Rental Market Trends
The current average rental value in the postcode is £1,302.
The ME15 8LR Rental Market has increased by 45.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.2% | £1,302pcm |
| June 2025 | 3.2% | £1,274pcm |
| June 2024 | 7.3% | £1,234pcm |
| June 2023 | 9% | £1,150pcm |
| June 2022 | 8.6% | £1,055pcm |
| June 2021 | 4.6% | £971pcm |
| June 2020 | 1.3% | £929pcm |
| June 2019 | 1% | £917pcm |
| June 2018 | -0.3% | £908pcm |
| June 2017 | 1.7% | £911pcm |
| June 2016 | 7.4% | £895pcm |
| June 2015 | 7.4% | £834pcm |
| June 2014 | 4.4% | £776pcm |
| June 2013 | 2.8% | £744pcm |
| June 2012 | 1.1% | £724pcm |
| June 2011 | 2.1% | £716pcm |
| June 2010 | 4.8% | £701pcm |
| June 2009 | -6.9% | £669pcm |
| June 2008 | 5.3% | £718pcm |
| June 2007 | 0% | £682pcm |
Sales History
The last sale was on 31st May 2024 for £290,000 and since then the market in the area has increased by 2.4%. The postcode has had a total of 26 sales since 1995.
ME15 8LR has seen 2 sales in the last three years and no sales in the last twelve months.
- Sold May 2024£290,000 | 2 Bed House99, Merton Road, Maidstone, ME15 8LR99, Merton Road, Maidstone, ME15 8LR
- Sold Apr 2023£282,000 | 2 Bed House107, Merton Road, Maidstone, ME15 8LR107, Merton Road, Maidstone, ME15 8LR
- Sold Jul 2022£275,000 | 2 Bed House99, Merton Road, Maidstone, ME15 8LR99, Merton Road, Maidstone, ME15 8LR
- Sold Jun 2021£262,000 | 3 Bed House101, Merton Road, Maidstone, ME15 8LR101, Merton Road, Maidstone, ME15 8LR
- Sold Dec 2020£247,500 | 2 Bed House105, Merton Road, Maidstone, ME15 8LR105, Merton Road, Maidstone, ME15 8LR
Nearby Postcodes
ME15 8LR is the 740th largest and the 466th most expensive postcode out of the 1,321 postcodes in the ME15 area.
- ME15 8QX, Willington Street, Maidstone, ME15ME15 8QX1 Addresses|33 m away
- ME15 8GR, Grenadier Close, Bearsted, Maidstone, ME15ME15 8GR5 Addresses|72 m away
- ME15 8LT, Merton Road, Bearsted, Maidstone, ME15ME15 8LT20 Addresses|82 m away
- ME15 8LS, Merton Road, Bearsted, Maidstone, ME15ME15 8LS34 Addresses|85 m away
- ME15 8LL, Merton Road, Bearsted, Maidstone, ME15ME15 8LL56 Addresses|99 m away
Property Types
- 2 modern flats built after 1980
- 9 mid-century houses built between 1936 and 1979
- 5 other addresses of unknown type
- modern flat (2)
- mid-century house (9)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 11 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (9)
- G (0)
- D (1)
- No EPC (5)
Top 3 Most Expensive Sales
- Sold Oct 2024£427,500 | 4 Bed House170, Merton Road, Maidstone, ME15 8LW170, Merton Road, Maidstone, ME15 8LW
- Sold Feb 2025£406,000 | 4 Bed House156, Merton Road, Maidstone, ME15 8LS156, Merton Road, Maidstone, ME15 8LS
- Sold Apr 2026£400,000 | 4 Bed House217, Merton Road, Maidstone, ME15 8LN217, Merton Road, Maidstone, ME15 8LN
Schools Nearby
- Madginford Primary School300 m away
- Greenfields Community Primary School1.0 km away
- Roseacre Junior School1.2 km away
- School of Science and Technology Maidstone1.6 km away
- Valley Park School1.9 km away
- Maidstone Grammar School2.1 km away
More reading links
Public Transport Nearby
The closest station to ME15 8LR is Bearsted station, which is 1.8 kilometres away.
- Bearsted|1.8 km away
- Maidstone East|3.2 km away
- Maidstone West|3.3 km away
- Maidstone Barracks|3.7 km away
