Hopewell Drive - ME5 7PY
Key Postcode Insights
ME5 7PY is a residential postcode situated on Hopewell Drive, Chatham, ME5 with 1 addresses.
It ranks as the 8th largest and 765th most expensive of the 976 postcodes in the ME5 area.
The postcode contains a total of 1 properties: 1 house.
- Ave. Sale Price
- £388,567
- 10 Year change
- up 34.1%
- Ave. Rental Price
- £1,568pcm
- 10 Year change
- up 54.1%
- Ave. £ per ft²
- £354/ft²
- Ave. Gross Yield
- 4.8%/year/yr
Key Postcode Insights
ME5 7PY is a residential postcode situated on Hopewell Drive, Chatham, ME5 with 1 addresses.
It ranks as the 8th largest and 765th most expensive of the 976 postcodes in the ME5 area.
The postcode contains a total of 1 properties: 1 house.
- Ave. Sale Price
- £388,567
- 10 Year change
- up 34.1%
- Ave. Rental Price
- £1,568pcm
- 10 Year change
- up 54.1%
- Ave. £ per ft²
- £354/ft²
- Ave. Gross Yield
- 4.8%/year/yr
Sales Market Trends
The last sale in ME5 7PY sold for £6,418,202 on 14th February 2023. Since then prices are down an average of 0.0%.
The current average value in the postcode is £388,567.
The ME5 7PY Sales Market has increased by 34.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.2% | £388,567 |
| June 2025 | 3.1% | £389,258 |
| June 2024 | -3.9% | £377,572 |
| June 2023 | 0.8% | £393,093 |
| June 2022 | 12.8% | £389,805 |
| June 2021 | 5.4% | £345,494 |
| June 2020 | 3.9% | £327,842 |
| June 2019 | -0.1% | £315,652 |
| June 2018 | 2.2% | £316,059 |
| June 2017 | 6.7% | £309,245 |
| June 2016 | 19.4% | £289,749 |
| June 2015 | 8% | £242,672 |
| June 2014 | 11.5% | £224,742 |
| June 2013 | 0.9% | £201,547 |
| June 2012 | 1.4% | £199,688 |
| June 2011 | -1.9% | £196,964 |
| June 2010 | 9.3% | £200,714 |
| June 2009 | -14.6% | £183,586 |
| June 2008 | -2% | £214,959 |
| June 2007 | 0% | £219,370 |
Rental Market Trends
The current average rental value in the postcode is £1,568.
The ME5 7PY Rental Market has increased by 54.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.4% | £1,568pcm |
| June 2025 | 4% | £1,531pcm |
| June 2024 | 5.2% | £1,473pcm |
| June 2023 | 12.8% | £1,399pcm |
| June 2022 | 9.2% | £1,241pcm |
| June 2021 | 6.7% | £1,136pcm |
| June 2020 | 1.9% | £1,064pcm |
| June 2019 | 1.2% | £1,044pcm |
| June 2018 | 0.4% | £1,032pcm |
| June 2017 | 1% | £1,028pcm |
| June 2016 | 8.1% | £1,017pcm |
| June 2015 | 9.5% | £941pcm |
| June 2014 | 1.9% | £859pcm |
| June 2013 | 2.2% | £842pcm |
| June 2012 | 4% | £824pcm |
| June 2011 | 4.9% | £792pcm |
| June 2010 | 2.4% | £755pcm |
| June 2009 | -3.1% | £738pcm |
| June 2008 | 3.4% | £762pcm |
| June 2007 | 0% | £737pcm |
Sales History
The last sale was on 14th February 2023 for £6,418,202 and since then the market in the area has remained stable. The postcode has had a total of 1 sales since 1995.
ME5 7PY has seen 1 sale in the last three years and no sales in the last twelve months.
Nearby Postcodes
ME5 7PY is the 8th largest and the 765th most expensive postcode out of the 976 postcodes in the ME5 area.
- ME5 7NL, Hopewell Drive, Chatham, ME5ME5 7NL2 Addresses|53 m away
- ME5 7DX, Hopewell Business Centre, Chatham, ME5ME5 7DX11 Addresses|80 m away
- ME5 0AP, Downsview, Chatham, ME5ME5 0AP24 Addresses|113 m away
- ME5 7SR, Wiltshire Close, Chatham, ME5ME5 7SR68 Addresses|133 m away
- ME5 0AN, Downsview, Chatham, ME5ME5 0AN15 Addresses|155 m away
Property Types
- 1 other address of unknown type
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 0 properties.
- The most common rating is no_epc_ratings.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (1)
Top 3 Most Expensive Sales
- Sold Feb 2023£6,418,202 | 4 Bed House96, Hopewell Drive, Chatham, ME5 7PY96, Hopewell Drive, Chatham, ME5 7PY
- Sold Sep 2021£250,000 | 3 Bed House22, Hopewell Drive, Chatham, ME5 7NW22, Hopewell Drive, Chatham, ME5 7NW
- Sold Sep 2017£230,000 | 4 Bed House16, Hopewell Drive, Chatham, ME5 7NW16, Hopewell Drive, Chatham, ME5 7NW
Schools Nearby
- Kingfisher Community Primary School700 m away
- Luton Primary School800 m away
- Wayfield Primary School1.2 km away
- The Victory Academy1.0 km away
- Chatham Grammar1.0 km away
- Holcombe Grammar School1.8 km away
More reading links
Public Transport Nearby
The closest station to ME5 7PY is Chatham station, which is 2.4 kilometres away.
- Chatham|2.4 km away
- Gillingham (Kent)|2.5 km away
- Rochester|3.4 km away
- Rainham (Kent)|4.6 km away