ME7 1FY is a residential postcode situated on Ocean Drive, Gillingham, ME7 with 43 addresses.
It ranks as the 816th largest and 94th most expensive of the 960 postcodes in the ME7 area.
The postcode contains a total of 43 properties: 43 flats.
ME7 1FY is a residential postcode situated on Ocean Drive, Gillingham, ME7 with 43 addresses.
It ranks as the 816th largest and 94th most expensive of the 960 postcodes in the ME7 area.
The postcode contains a total of 43 properties: 43 flats.
Sale prices range from £138,805 for 1 bedroom leasehold flats with a balcony (373 ft2) to £188,290 for 2 bedroom leasehold flats with a balcony (710 ft2) .
Monthly rental prices range from £852 pcm for 1 bed flats to £1,036 pcm for 2 bed flats.
The gross rental yield is between 6.6% and 7.4%.
The average value per square foot is £313.
The last sale in ME7 1FY sold for £161,000 on 28th November 2024. Since then prices are down an average of 3.1%.
The current average value in the postcode is £169,030.
The ME7 1FY Sales Market has increased by 23.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.9% | £169,030 |
| April 2025 | 1.5% | £172,368 |
| April 2024 | -4.9% | £169,847 |
| April 2023 | 3.8% | £178,603 |
| April 2022 | 7.1% | £172,146 |
| April 2021 | 3% | £160,697 |
| April 2020 | 2.4% | £155,991 |
| April 2019 | -1.7% | £152,280 |
| April 2018 | 3.9% | £154,943 |
| April 2017 | 9.2% | £149,132 |
| April 2016 | 14.5% | £136,588 |
| April 2015 | 6.7% | £119,285 |
| April 2014 | 8.3% | £111,755 |
| April 2013 | -1.2% | £103,220 |
| April 2012 | -0.8% | £104,520 |
| April 2011 | -0.5% | £105,360 |
| April 2010 | 4.5% | £105,892 |
| April 2009 | -18.7% | £101,284 |
| April 2008 | 4.4% | £124,566 |
| April 2007 | 0% | £119,280 |
The current average rental value in the postcode is £986.
The ME7 1FY Rental Market has increased by 41.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.6% | £986pcm |
| April 2025 | 1% | £980pcm |
| April 2024 | 8.6% | £970pcm |
| April 2023 | 11.7% | £893pcm |
| April 2022 | 6.3% | £799pcm |
| April 2021 | 3.5% | £752pcm |
| April 2020 | 0.7% | £726pcm |
| April 2019 | 1.9% | £721pcm |
| April 2018 | -1.2% | £708pcm |
| April 2017 | 2.7% | £717pcm |
| April 2016 | 5.6% | £698pcm |
| April 2015 | 6.6% | £660pcm |
| April 2014 | 0.9% | £619pcm |
| April 2013 | 1.5% | £614pcm |
| April 2012 | 1.7% | £605pcm |
| April 2011 | 3.3% | £595pcm |
| April 2010 | -1.3% | £576pcm |
| April 2009 | -3.2% | £584pcm |
| April 2008 | 5.9% | £603pcm |
| April 2007 | 0% | £569pcm |
The last sale was on 28th November 2024 for £161,000 and since then the market in the area has decreased by 3.1%. The postcode has had a total of 21 sales since 1995.
ME7 1FY has seen 5 sales in the last three years and no sales in the last twelve months.
ME7 1FY is the 816th largest and the 94th most expensive postcode out of the 960 postcodes in the ME7 area.
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The closest station to ME7 1FY is Gillingham (Kent) station which is 1.1 kilometres away.
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