ME8 8PT is a residential postcode situated on London Road, Rainham, Gillingham, ME8 with 3 addresses.
It ranks as the 36th largest and 562nd most expensive of the 1,075 postcodes in the ME8 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 3 properties: 3 houses.
ME8 8PT is a residential postcode situated on London Road, Rainham, Gillingham, ME8 with 3 addresses.
It ranks as the 36th largest and 562nd most expensive of the 1,075 postcodes in the ME8 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 3 properties: 3 houses.
Sale prices range from £314,506 for 3 bedroom freehold houses with a garden (861 ft2) to £359,068 for 4 bedroom freehold houses with a garden (1,097 ft2) .
Monthly rental prices range from £1,471 pcm for 3 bed houses to £1,599 pcm for 4 bed houses.
The gross rental yield is between 5.3% and 5.6%.
The average value per square foot is £346.
The last sale in ME8 8PT sold for £185,000 on 9th August 2004. Since then prices are down an average of 0.0%.
The current average value in the postcode is £335,115.
The ME8 8PT Sales Market has increased by 35.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.4% | £335,115 |
| April 2025 | 2.3% | £333,877 |
| April 2024 | -2.9% | £326,364 |
| April 2023 | 0.9% | £336,202 |
| April 2022 | 11.4% | £333,229 |
| April 2021 | 6.1% | £299,112 |
| April 2020 | 1.5% | £281,815 |
| April 2019 | 0.2% | £277,691 |
| April 2018 | 3.9% | £277,014 |
| April 2017 | 7.9% | £266,696 |
| April 2016 | 15.2% | £247,113 |
| April 2015 | 10.6% | £214,423 |
| April 2014 | 9.3% | £193,907 |
| April 2013 | 5.7% | £177,329 |
| April 2012 | 1.4% | £167,818 |
| April 2011 | -1.2% | £165,444 |
| April 2010 | 7.8% | £167,499 |
| April 2009 | -14.6% | £155,351 |
| April 2008 | 1.4% | £181,862 |
| April 2007 | 0% | £179,317 |
The current average rental value in the postcode is £1,527.
The ME8 8PT Rental Market has increased by 56.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.5% | £1,527pcm |
| April 2025 | 4.7% | £1,489pcm |
| April 2024 | 7.5% | £1,422pcm |
| April 2023 | 14.2% | £1,323pcm |
| April 2022 | 5.6% | £1,158pcm |
| April 2021 | 4.9% | £1,097pcm |
| April 2020 | 1.7% | £1,046pcm |
| April 2019 | 1.1% | £1,028pcm |
| April 2018 | 0.7% | £1,017pcm |
| April 2017 | 3.5% | £1,010pcm |
| April 2016 | 7% | £976pcm |
| April 2015 | 8% | £911pcm |
| April 2014 | 1.4% | £844pcm |
| April 2013 | 6% | £832pcm |
| April 2012 | 3.8% | £785pcm |
| April 2011 | 3.7% | £756pcm |
| April 2010 | 0.8% | £729pcm |
| April 2009 | -2.2% | £723pcm |
| April 2008 | 3.9% | £739pcm |
| April 2007 | 0% | £712pcm |
The last sale was on 9th August 2004 for £185,000 and since then the market in the area has remained stable. The postcode has had a total of 2 sales since 1995.
ME8 8PT has seen no sales in the last three years and no sales in the last twelve months.
ME8 8PT is the 36th largest and the 562nd most expensive postcode out of the 1,075 postcodes in the ME8 area.
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The closest station to ME8 8PT is Rainham (Kent) station which is 1.7 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around ME8 8PT, 60.5% of property is privately owned outright and 31.6% is privately owned with a mortgage.
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 ME8 8PT, 11.3% of residents are recorded as possessing school level qualifications and 25.3% 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 ME8 8PT, the average age was 42.8 and the most common age was 57.
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 ME8 8PT, 2.2% 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 ME8 8PT, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.