ME5 8YX is a residential postcode situated on Merton Close, Chatham, ME5 with 25 addresses.
It ranks as the 605th largest and 818th most expensive of the 976 postcodes in the ME5 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 25 properties: 25 houses.
ME5 8YX is a residential postcode situated on Merton Close, Chatham, ME5 with 25 addresses.
It ranks as the 605th largest and 818th most expensive of the 976 postcodes in the ME5 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 25 properties: 25 houses.
Sale prices range from £286,873 for 3 bedroom freehold houses with a garden (699 ft2) to £688,045 for 5 bedroom freehold houses with a garden (1,905 ft2) .
Monthly rental prices range from £1,201 pcm for 3 bed houses to £1,672 pcm for 5 bed houses.
The gross rental yield is between 2.9% and 5.4%.
The average value per square foot is £422.
The last sale in ME5 8YX sold for £470,000 on 3rd May 2024. Since then prices are up an average of 0.9%.
The current average value in the postcode is £408,478.
The ME5 8YX Sales Market has increased by 35.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.1% | £408,478 |
| April 2025 | 1.2% | £408,874 |
| April 2024 | -3.1% | £403,997 |
| April 2023 | 3.1% | £416,904 |
| April 2022 | 10.2% | £404,439 |
| April 2021 | 7.6% | £367,126 |
| April 2020 | 2.3% | £341,315 |
| April 2019 | -1.1% | £333,768 |
| April 2018 | 2.4% | £337,390 |
| April 2017 | 9.3% | £329,348 |
| April 2016 | 17.2% | £301,306 |
| April 2015 | 7.3% | £257,193 |
| April 2014 | 11.9% | £239,782 |
| April 2013 | 6.8% | £214,189 |
| April 2012 | -1.4% | £200,581 |
| April 2011 | -1.8% | £203,344 |
| April 2010 | 7.5% | £207,098 |
| April 2009 | -13.7% | £192,638 |
| April 2008 | 1.1% | £223,216 |
| April 2007 | 0% | £220,877 |
The current average rental value in the postcode is £1,381.
The ME5 8YX Rental Market has increased by 61.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.1% | £1,381pcm |
| April 2025 | 4.8% | £1,340pcm |
| April 2024 | 10.3% | £1,279pcm |
| April 2023 | 8.3% | £1,159pcm |
| April 2022 | 8.5% | £1,070pcm |
| April 2021 | 6.1% | £987pcm |
| April 2020 | 2.9% | £930pcm |
| April 2019 | 2.8% | £903pcm |
| April 2018 | -0.5% | £879pcm |
| April 2017 | 3.4% | £883pcm |
| April 2016 | 5.9% | £854pcm |
| April 2015 | 6.6% | £807pcm |
| April 2014 | 3.7% | £757pcm |
| April 2013 | 6.7% | £730pcm |
| April 2012 | 2.6% | £684pcm |
| April 2011 | 3.4% | £666pcm |
| April 2010 | 1.1% | £645pcm |
| April 2009 | -0.6% | £638pcm |
| April 2008 | 5.7% | £642pcm |
| April 2007 | 0% | £607pcm |
The last sale was on 3rd May 2024 for £470,000 and since then the market in the area has increased by 0.9%. The postcode has had a total of 39 sales since 1995.
ME5 8YX has seen 1 sale in the last three years and no sales in the last twelve months.
ME5 8YX is the 605th largest and the 818th most expensive postcode out of the 976 postcodes in the ME5 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around ME5 8YX, 47.9% of property is privately owned with a mortgage and 26.1% 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 ME5 8YX, 15.4% of residents are recorded as possessing school level qualifications and 28.8% 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 ME5 8YX, the average age was 39.5 and the most common age was 12.
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 ME5 8YX, 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 ME5 8YX, 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.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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.