ME15 8ZE is a residential postcode situated on St. Nicholas Way, Otham, Maidstone, ME15 with 9 addresses.
It ranks as the 468th largest and 2nd most expensive of the 1,320 postcodes in the ME15 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 9 properties: 9 flats.
ME15 8ZE is a residential postcode situated on St. Nicholas Way, Otham, Maidstone, ME15 with 9 addresses.
It ranks as the 468th largest and 2nd most expensive of the 1,320 postcodes in the ME15 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 9 properties: 9 flats.
Sale prices range from £73,031 for 2 bedroom leasehold flats (581 ft2) to £84,433 for 3 bedroom leasehold flats (796 ft2) .
Monthly rental prices range from £473 pcm for 2 bed flats to £524 pcm for 3 bed flats.
The gross rental yield is between 7.3% and 7.8%.
The average value per square foot is £115.
The last sale in ME15 8ZE sold for £85,500 on 19th June 2024. Since then prices are down an average of 0.7%.
The current average value in the postcode is £78,614.
The ME15 8ZE Sales Market has increased by 14.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.1% | £78,614 |
| April 2025 | -0.5% | £78,699 |
| April 2024 | -2.2% | £79,078 |
| April 2023 | 0.9% | £80,876 |
| April 2022 | 7.1% | £80,187 |
| April 2021 | 4.6% | £74,885 |
| April 2020 | -0.7% | £71,562 |
| April 2019 | -0.9% | £72,035 |
| April 2018 | 1% | £72,657 |
| April 2017 | 4.3% | £71,945 |
| April 2016 | 7.6% | £68,976 |
| April 2015 | 7.5% | £64,087 |
| April 2014 | 7.4% | £59,614 |
| April 2013 | -0.4% | £55,514 |
| April 2012 | 0.1% | £55,762 |
| April 2011 | 1.1% | £55,718 |
| April 2010 | 0% | £55,088 |
| April 2009 | -13.6% | £55,100 |
| April 2008 | 6.4% | £63,792 |
| April 2007 | 0% | £59,972 |
The current average rental value in the postcode is £493.
The ME15 8ZE Rental Market has increased by 35.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.6% | £493pcm |
| April 2025 | 2.1% | £490pcm |
| April 2024 | 10.8% | £480pcm |
| April 2023 | 7.3% | £434pcm |
| April 2022 | 4.6% | £404pcm |
| April 2021 | 2.9% | £387pcm |
| April 2020 | 1.9% | £376pcm |
| April 2019 | 1.8% | £369pcm |
| April 2018 | -1.6% | £362pcm |
| April 2017 | 0.8% | £368pcm |
| April 2016 | 5.2% | £365pcm |
| April 2015 | 5.6% | £347pcm |
| April 2014 | 1.8% | £329pcm |
| April 2013 | 2% | £323pcm |
| April 2012 | 0.8% | £316pcm |
| April 2011 | 4% | £314pcm |
| April 2010 | -0.4% | £302pcm |
| April 2009 | -4.5% | £303pcm |
| April 2008 | 7.1% | £317pcm |
| April 2007 | 0% | £297pcm |
The last sale was on 19th June 2024 for £85,500 and since then the market in the area has decreased by 0.7%. The postcode has had a total of 8 sales since 1995.
ME15 8ZE has seen 8 sales in the last three years and no sales in the last twelve months.
ME15 8ZE is the 468th largest and the 2nd most expensive postcode out of the 1,320 postcodes in the ME15 area.
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