Third Avenue - ME7 2LY
Key Postcode Insights
ME7 2LY is a residential postcode situated on Third Avenue, Gillingham, ME7 with 16 addresses.
It ranks as the 387th largest and 761st most expensive of the 961 postcodes in the ME7 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 16 properties: 16 houses.
- Ave. Sale Price
- £354,478
- 10 Year change
- up 35.3%
- Ave. Rental Price
- £1,515pcm
- 10 Year change
- up 57.6%
- Ave. £ per ft²
- £303/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Key Postcode Insights
ME7 2LY is a residential postcode situated on Third Avenue, Gillingham, ME7 with 16 addresses.
It ranks as the 387th largest and 761st most expensive of the 961 postcodes in the ME7 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 16 properties: 16 houses.
- Ave. Sale Price
- £354,478
- 10 Year change
- up 35.3%
- Ave. Rental Price
- £1,515pcm
- 10 Year change
- up 57.6%
- Ave. £ per ft²
- £303/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Explore Propertiesin ME7 2LY
- 116 Third Avenue
4 Bed Period House
- 118 Third Avenue
4 Bed Period House
- 120 Third Avenue
Unknown
- 122 Third Avenue
3 Bed Period House
- 124 Third Avenue
4 Bed Period House
Sales Market Trends
The last sale in ME7 2LY sold for £445,000 on 24th February 2023. Since then prices are down an average of 1.0%.
The current average value in the postcode is £354,478.
The ME7 2LY Sales Market has increased by 35.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.5% | £354,478 |
| June 2025 | 3.1% | £356,395 |
| June 2024 | -3.8% | £345,712 |
| June 2023 | 2.3% | £359,393 |
| June 2022 | 11.3% | £351,446 |
| June 2021 | 5.4% | £315,770 |
| June 2020 | 3.8% | £299,481 |
| June 2019 | -2% | £288,540 |
| June 2018 | 4.3% | £294,291 |
| June 2017 | 7.7% | £282,095 |
| June 2016 | 17% | £262,023 |
| June 2015 | 9.4% | £223,956 |
| June 2014 | 9.2% | £204,805 |
| June 2013 | 1.1% | £187,577 |
| June 2012 | 0.5% | £185,507 |
| June 2011 | -0.5% | £184,661 |
| June 2010 | 10.8% | £185,631 |
| June 2009 | -14.9% | £167,572 |
| June 2008 | -0.3% | £196,950 |
| June 2007 | 0% | £197,507 |
Rental Market Trends
The current average rental value in the postcode is £1,515.
The ME7 2LY Rental Market has increased by 57.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.2% | £1,515pcm |
| June 2025 | 3.6% | £1,483pcm |
| June 2024 | 6.8% | £1,432pcm |
| June 2023 | 13% | £1,341pcm |
| June 2022 | 9.4% | £1,186pcm |
| June 2021 | 6.9% | £1,084pcm |
| June 2020 | 1.9% | £1,015pcm |
| June 2019 | 1.7% | £996pcm |
| June 2018 | 1.1% | £979pcm |
| June 2017 | 0.7% | £968pcm |
| June 2016 | 7.2% | £961pcm |
| June 2015 | 7.7% | £896pcm |
| June 2014 | 2.5% | £832pcm |
| June 2013 | 3.2% | £812pcm |
| June 2012 | 3.2% | £787pcm |
| June 2011 | 4.1% | £762pcm |
| June 2010 | 4.1% | £732pcm |
| June 2009 | -1.1% | £703pcm |
| June 2008 | 4.6% | £711pcm |
| June 2007 | 0% | £680pcm |
Sales History
The last sale was on 24th February 2023 for £445,000 and since then the market in the area has decreased by 1.0%. The postcode has had a total of 26 sales since 1995.
ME7 2LY has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Feb 2023£445,000 | 4 Bed House124, Third Avenue, Gillingham, ME7 2LY124, Third Avenue, Gillingham, ME7 2LY
- Sold Jan 2022£257,000 | 3 Bed House136, Third Avenue, Gillingham, ME7 2LY136, Third Avenue, Gillingham, ME7 2LY
- Sold Jul 2018£315,000 | 4 Bed House116, Third Avenue, Gillingham, ME7 2LY116, Third Avenue, Gillingham, ME7 2LY
- Sold May 2018£390,000 | 4 Bed House118, Third Avenue, Gillingham, ME7 2LY118, Third Avenue, Gillingham, ME7 2LY
- Sold Aug 2017£230,000 | 3 Bed House146, Third Avenue, Gillingham, ME7 2LY146, Third Avenue, Gillingham, ME7 2LY
Nearby Postcodes
ME7 2LY is the 387th largest and the 761st most expensive postcode out of the 961 postcodes in the ME7 area.
- ME7 2LT, Third Avenue, Gillingham, ME7ME7 2LT1 Addresses|115 m away
- ME7 4JJ, Barnsole Road, Gillingham, ME7ME7 4JJ17 Addresses|118 m away
- ME7 2LN, Larkfield Avenue, Gillingham, ME7ME7 2LN49 Addresses|123 m away
- ME7 2LS, Fourth Avenue, Gillingham, ME7ME7 2LS42 Addresses|142 m away
- ME7 4JH, Barnsole Road, Gillingham, ME7ME7 4JH29 Addresses|177 m away
Property Types
- 7 period houses built between 1800 and 1911
- 2 mid-century houses built between 1936 and 1979
- 1 house of an unknown age
- 6 other addresses of unknown type
- period house (7)
- mid-century house (2)
- house (1)
- Unknown (6)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 9 properties.
- The most common rating is D.
- A (0)
- E (1)
- B (0)
- F (1)
- C (1)
- G (0)
- D (6)
- No EPC (7)
Top 3 Most Expensive Sales
- Sold Feb 2023£445,000 | 4 Bed House124, Third Avenue, Gillingham, ME7 2LY124, Third Avenue, Gillingham, ME7 2LY
- Sold May 2018£390,000 | 4 Bed House118, Third Avenue, Gillingham, ME7 2LY118, Third Avenue, Gillingham, ME7 2LY
- Sold Jun 2022£355,000 | 3 Bed House102, Third Avenue, Gillingham, ME7 2LU102, Third Avenue, Gillingham, ME7 2LU
Schools Nearby
- Barnsole Primary School600 m away
- The Academy of Woodlands600 m away
- Napier Community Primary and Nursery Academy700 m away
- The Robert Napier School100 m away
- Chatham Grammar1.0 km away
- Brompton Academy1.5 km away
More reading links
Public Transport Nearby
The closest station to ME7 2LY is Gillingham (Kent) station, which is 1.2 kilometres away.
- Gillingham (Kent)|1.2 km away
- Chatham|2.7 km away
- Rochester|3.6 km away
- Rainham (Kent)|3.8 km away
