ME5 7LG is a residential postcode situated on Luton High Street, Chatham, ME5 with 15 addresses.
It ranks as the 365th largest and 49th most expensive of the 976 postcodes in the ME5 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 15 properties: 15 flats.
ME5 7LG is a residential postcode situated on Luton High Street, Chatham, ME5 with 15 addresses.
It ranks as the 365th largest and 49th most expensive of the 976 postcodes in the ME5 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 15 properties: 15 flats.
Sale prices range from £115,396 for 1 bedroom Leasehold flats (398 ft2) to £156,685 for 2 bedroom Leasehold flats (452 ft2) .
Monthly rental prices range from £653 pcm for 1 bed flats to £771 pcm for 2 bed flats.
The gross rental yield is between 5.9% and 6.8%.
The average value per square foot is £290.
The last sale in ME5 7LG sold for £95,995 on 3rd July 2006. Since then prices are down an average of 0.0%.
The current average value in the postcode is £148,427.
The ME5 7LG Sales Market has increased by 24.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.1% | £148,427 |
| April 2025 | 2.1% | £150,118 |
| April 2024 | -3.9% | £147,089 |
| April 2023 | 2% | £153,022 |
| April 2022 | 9.1% | £149,952 |
| April 2021 | 2.6% | £137,484 |
| April 2020 | 3.5% | £133,991 |
| April 2019 | -0.4% | £129,495 |
| April 2018 | 1.9% | £130,056 |
| April 2017 | 6.9% | £127,578 |
| April 2016 | 17.3% | £119,352 |
| April 2015 | 6% | £101,767 |
| April 2014 | 9% | £96,034 |
| April 2013 | -2.4% | £88,131 |
| April 2012 | -2% | £90,329 |
| April 2011 | -0.9% | £92,181 |
| April 2010 | 3.8% | £93,005 |
| April 2009 | -16.5% | £89,574 |
| April 2008 | 1.2% | £107,310 |
| April 2007 | 0% | £106,070 |
The current average rental value in the postcode is £747.
The ME5 7LG Rental Market has increased by 42.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.6% | £747pcm |
| April 2025 | 2.4% | £735pcm |
| April 2024 | 9.6% | £718pcm |
| April 2023 | 11.4% | £655pcm |
| April 2022 | 4.7% | £588pcm |
| April 2021 | 3.1% | £562pcm |
| April 2020 | 1.8% | £545pcm |
| April 2019 | 0.5% | £536pcm |
| April 2018 | -0.3% | £533pcm |
| April 2017 | 2.1% | £535pcm |
| April 2016 | 6.2% | £524pcm |
| April 2015 | 5.8% | £493pcm |
| April 2014 | 1.5% | £466pcm |
| April 2013 | 1.1% | £459pcm |
| April 2012 | 0.5% | £454pcm |
| April 2011 | 3.1% | £452pcm |
| April 2010 | -2.4% | £438pcm |
| April 2009 | -2.1% | £449pcm |
| April 2008 | 3.8% | £459pcm |
| April 2007 | 0% | £442pcm |
The last sale was on 3rd July 2006 for £95,995 and since then the market in the area has remained stable. The postcode has had a total of 3 sales since 1995.
ME5 7LG has seen no sales in the last three years and no sales in the last twelve months.
ME5 7LG is the 365th largest and the 49th most expensive postcode out of the 976 postcodes in the ME5 area.
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The closest station to ME5 7LG is Gillingham (Kent) station which is 1.9 kilometres away.
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