ME7 1FT

ME7 1FTHouse Prices / South East, Medway, Ocean Drive

Name: ME7 1FT
Address: ME7 1FT, Medway, South East, ME7 1FT, United Kingdom

Last updated May 2026

Key Postcode Insights

ME7 1FT is a residential postcode situated on Ocean Drive, Gillingham, ME7 with 126 addresses.

It ranks as the 954th largest and 151st most expensive of the 960 postcodes in the ME7 area. The dominant property type is a modern flat built after 1980.

The postcode contains a total of 126 properties: 72 flats and 54 other properties.

126

Properties

Flats
Other (unknown)

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Key Postcode Insights

ME7 1FT is a residential postcode situated on Ocean Drive, Gillingham, ME7 with 126 addresses.

It ranks as the 954th largest and 151st most expensive of the 960 postcodes in the ME7 area. The dominant property type is a modern flat built after 1980.

The postcode contains a total of 126 properties: 72 flats and 54 other properties.

126

Properties

Flats
Other (unknown)

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Can I improve my house price estimate?

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House Pricesin ME7 1FT

Sale prices range from £143,673 for 1 bedroom leasehold flats with a balcony (355 ft²) to £215,311 for 2 bedroom leasehold flats with a balcony (837 ft²) .

Monthly rental prices range from £838 pcm for 1 bed flats to £1,084 pcm for 2 bed flats.

The gross rental yield is between 6.0% and 7.0%.

The average value per square foot is £351.

Average Sale Value

£173,645

Average Rental Value

£959 pcm

Average Rental Yield

6.6% /year

Average Value Per Sqft

£351 /ft²

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Prices last updated 1st May 2026

Sales Market Trendsin ME7 1FT

The last sale in ME7 1FT sold for £147,500 on 15th September 2025. Since then prices are down an average of 0.7%.

The current average value in the postcode is £173,645.
The ME7 1FT Sales Market has increased by 23.8% over the last 10 years.

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Period	Year on Year	Average Price
April 2026	-1.9%	£173,645
April 2025	1.5%	£177,074
April 2024	-4.9%	£174,484
April 2023	3.8%	£183,480
April 2022	7.1%	£176,846
April 2021	3%	£165,085
April 2020	2.4%	£160,250
April 2019	-1.7%	£156,437
April 2018	3.9%	£159,174
April 2017	9.2%	£153,203
April 2016	14.5%	£140,317
April 2015	6.7%	£122,542
April 2014	8.3%	£114,806
April 2013	-1.2%	£106,038
April 2012	-0.8%	£107,373
April 2011	-0.5%	£108,237
April 2010	4.5%	£108,783
April 2009	-18.7%	£104,049
April 2008	4.4%	£127,967
April 2007	0%	£122,537

Rental Market Trendsin ME7 1FT

The current average rental value in the postcode is £959.
The ME7 1FT Rental Market has increased by 41.3% over the last 10 years.

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Period	Year on Year	Average Price
April 2026	0.6%	£959pcm
April 2025	1%	£953pcm
April 2024	8.6%	£943pcm
April 2023	11.7%	£869pcm
April 2022	6.3%	£777pcm
April 2021	3.5%	£731pcm
April 2020	0.7%	£706pcm
April 2019	1.9%	£701pcm
April 2018	-1.2%	£688pcm
April 2017	2.7%	£697pcm
April 2016	5.6%	£678pcm
April 2015	6.6%	£642pcm
April 2014	0.9%	£602pcm
April 2013	1.5%	£597pcm
April 2012	1.7%	£588pcm
April 2011	3.3%	£578pcm
April 2010	-1.3%	£560pcm
April 2009	-3.2%	£568pcm
April 2008	5.9%	£586pcm
April 2007	0%	£554pcm

Explore Buildingsin ME7 1FT, Ocean Drive, Gillingham, ME7

The Boathouse, Ocean Drive, Gillingham, ME7 Modern building 126 units

Sales History
in ME7 1FT

The last sale was on 15th September 2025 for £147,500 and since then the market in the area has decreased by 0.7%. The postcode has had a total of 73 sales since 1995.