ME2 3LU is a residential postcode situated on Richborough Drive, Strood, Rochester, ME2 with 10 addresses.
It ranks as the 266th largest and 867th most expensive of the 889 postcodes in the ME2 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 10 properties: 10 houses.
ME2 3LU is a residential postcode situated on Richborough Drive, Strood, Rochester, ME2 with 10 addresses.
It ranks as the 266th largest and 867th most expensive of the 889 postcodes in the ME2 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 10 properties: 10 houses.
Sale prices range from £531,502 for 4 bedroom freehold houses with a garden (1,582 ft2) to £696,050 for 5 bedroom freehold houses with a garden (1,883 ft2) .
Monthly rental prices range from £1,940 pcm for 4 bed houses to £2,457 pcm for 5 bed houses.
The gross rental yield is between 4.1% and 4.4%.
The average value per square foot is £392.
The last sale in ME2 3LU sold for £665,000 on 24th April 2023. Since then prices are down an average of 1.6%.
The current average value in the postcode is £599,580.
The ME2 3LU Sales Market has increased by 33.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.8% | £599,580 |
| April 2025 | 1.9% | £604,547 |
| April 2024 | -2.7% | £593,379 |
| April 2023 | 3.2% | £610,116 |
| April 2022 | 8.1% | £590,969 |
| April 2021 | 6.8% | £546,492 |
| April 2020 | 1.1% | £511,563 |
| April 2019 | 0% | £506,029 |
| April 2018 | 4.3% | £505,837 |
| April 2017 | 8% | £485,187 |
| April 2016 | 14.5% | £449,137 |
| April 2015 | 8.8% | £392,348 |
| April 2014 | 13.3% | £360,618 |
| April 2013 | 4% | £318,422 |
| April 2012 | 0.3% | £306,260 |
| April 2011 | -1.1% | £305,464 |
| April 2010 | 8.1% | £308,962 |
| April 2009 | -15.7% | £285,691 |
| April 2008 | 2.7% | £338,924 |
| April 2007 | 0% | £330,134 |
The current average rental value in the postcode is £2,126.
The ME2 3LU Rental Market has increased by 46.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.4% | £2,126pcm |
| April 2025 | 1.8% | £2,076pcm |
| April 2024 | 8.7% | £2,040pcm |
| April 2023 | 12.7% | £1,877pcm |
| April 2022 | 7.1% | £1,665pcm |
| April 2021 | 4.7% | £1,555pcm |
| April 2020 | 2.4% | £1,485pcm |
| April 2019 | 0.7% | £1,449pcm |
| April 2018 | 0.2% | £1,440pcm |
| April 2017 | -0.9% | £1,437pcm |
| April 2016 | 6.7% | £1,451pcm |
| April 2015 | 9.1% | £1,360pcm |
| April 2014 | 3% | £1,247pcm |
| April 2013 | 7.5% | £1,211pcm |
| April 2012 | 2.2% | £1,126pcm |
| April 2011 | 5.7% | £1,102pcm |
| April 2010 | 0.7% | £1,043pcm |
| April 2009 | -3.5% | £1,036pcm |
| April 2008 | 5.9% | £1,073pcm |
| April 2007 | 0% | £1,013pcm |
The last sale was on 24th April 2023 for £665,000 and since then the market in the area has decreased by 1.6%. The postcode has had a total of 18 sales since 1995.
ME2 3LU has seen 1 sale in the last three years and no sales in the last twelve months.
ME2 3LU is the 266th largest and the 867th most expensive postcode out of the 889 postcodes in the ME2 area.
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The closest station to ME2 3LU is Strood (Kent) station which is 1.0 kilometres away.
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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.
The recent census recorded whether a resident owned or rented their home.
In the area around ME2 3LU, 47.6% of property is privately owned with a mortgage and 30.7% is privately owned outright.
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 ME2 3LU, 20.6% of residents are recorded as possessing school level qualifications and 30.6% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around ME2 3LU, the average age was 37.3 and the most common age was 32.
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 ME2 3LU, 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 ME2 3LU, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.