ME2 4LY is a residential postcode situated on Enterprise Close, Medway City Estate, Rochester, ME2 with 9 addresses.
It ranks as the 249th largest and 84th most expensive of the 889 postcodes in the ME2 area.
The postcode contains a total of 9 properties: 1 house and 8 flats.
ME2 4LY is a residential postcode situated on Enterprise Close, Medway City Estate, Rochester, ME2 with 9 addresses.
It ranks as the 249th largest and 84th most expensive of the 889 postcodes in the ME2 area.
The postcode contains a total of 9 properties: 1 house and 8 flats.
Sale prices range from £159,771 for 2 bedroom leasehold flats (699 ft2) to £300,025 for 3 bedroom leasehold houses with a garden (898 ft2) .
Monthly rental prices range from £944 pcm for 2 bed flats to £1,547 pcm for 3 bed houses.
The gross rental yield is between 6.2% and 7.1%.
The average value per square foot is £228.
The last sale in ME2 4LY sold for £150,000 on 23rd July 2024. Since then prices are down an average of 0.0%.
The current average value in the postcode is £175,355.
The ME2 4LY Sales Market has increased by 28.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.1% | £175,355 |
| April 2025 | 1.8% | £177,354 |
| April 2024 | -2.8% | £174,250 |
| April 2023 | 2.9% | £179,240 |
| April 2022 | 7.7% | £174,262 |
| April 2021 | 5.4% | £161,812 |
| April 2020 | 1.8% | £153,587 |
| April 2019 | -0.6% | £150,943 |
| April 2018 | 2.9% | £151,854 |
| April 2017 | 8% | £147,563 |
| April 2016 | 15.3% | £136,680 |
| April 2015 | 8.1% | £118,519 |
| April 2014 | 11.9% | £109,627 |
| April 2013 | 0.7% | £97,949 |
| April 2012 | -0.6% | £97,227 |
| April 2011 | -1.2% | £97,782 |
| April 2010 | 6.4% | £98,937 |
| April 2009 | -16.4% | £92,962 |
| April 2008 | 2.5% | £111,198 |
| April 2007 | 0% | £108,453 |
The current average rental value in the postcode is £1,011.
The ME2 4LY Rental Market has increased by 43.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2% | £1,011pcm |
| April 2025 | 2.3% | £991pcm |
| April 2024 | 8.6% | £969pcm |
| April 2023 | 12.1% | £892pcm |
| April 2022 | 6.1% | £796pcm |
| April 2021 | 4.2% | £750pcm |
| April 2020 | 1.8% | £720pcm |
| April 2019 | 0.6% | £707pcm |
| April 2018 | -0.2% | £703pcm |
| April 2017 | 0.1% | £704pcm |
| April 2016 | 6.7% | £703pcm |
| April 2015 | 8% | £659pcm |
| April 2014 | 2.6% | £610pcm |
| April 2013 | 4% | £594pcm |
| April 2012 | 1.4% | £572pcm |
| April 2011 | 4.3% | £563pcm |
| April 2010 | -0.7% | £540pcm |
| April 2009 | -3.4% | £544pcm |
| April 2008 | 5.1% | £563pcm |
| April 2007 | 0% | £536pcm |
The last sale was on 23rd July 2024 for £150,000 and since then the market in the area has remained stable. The postcode has had a total of 5 sales since 1995.
ME2 4LY has seen 1 sale in the last three years and no sales in the last twelve months.
ME2 4LY is the 249th largest and the 84th most expensive postcode out of the 889 postcodes in the ME2 area.
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The closest station to ME2 4LY is Strood (Kent) station which is 1.0 kilometres away.
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