House prices in 'ME5 7', Chatham
Price per square metre data and charts revealed. Latest statistics for the housing market in 'ME5 7' (Chatham) - calculated on 02 May 2026.
Defining 'ME5 7'
This analysis is limited to properties whose postcode starts with "ME5 7", this is also called the postcode sector. There are no official postcode sector names so I've just labelled it ME5 7, Chatham. It is shown in red on the map below.
Want to change geography?
You can click on the map above to change to a neighbouring sector, or you can use the search form below.
Price per square metre
Knowing the average house price in ME5 7 is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:
£ per sqm = price ÷ internal area
For example in March 2026, 1, Monarch Close, Chatham, ME5 7PD sold for £290,000. Given the internal area of 71 square metres recorded on the EPC, the price per sqm is £290,000 ÷ 71 sqm = £4,084.
England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). You can change your prefered units from square meters to square feet for all the graphs and charts on ME5 7 and elsewhere. Just visit the My Account page and look for the m2 to ft2 toggle switch. Alternatively just multiply everything by 10, move a decimal place to go from sqm to sqft and you'll be close enough as 1 sqm = 10.76391 sqft.
Distribution of £ per sqm for 'ME5 7' vs 'ME5'
The chart above is called a histogram, it helps you see the distribution of house price per sqm in ME5 7 To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £3,324 to £3,501, £3,501 to £3,678, £3,678 to £3,855 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 396 sales that took place in ME5 7, Chatham in the last 24 months.
Generate a custom histogram like the one above but based on your own criteria.
You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.
The spread of prices will give you a feel of the typical range to expect in ME5 7, Chatham. Notably, only 25% of properties that sold recently were valued at more than £4,410 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of ME5 7 homes.
Box plot of £ per sqm for ME5 7
Tip: click on the chart to see the values.
The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. Chatham. The chart above shows a boxplot for 'ME5 7' as well as the 'ME5' postcode district.
Property price map for Chatham
Have a look at the interactive price map I created for myself. Use it to explore house prices in 'Chatham' all the way down to individual property plots.
Chatham house price forecasting
House prices in ME5 7 grew 10.6% in the last year, 7.2% after inflation. Whether or not this trend will continue depends on many factors, such as wage growth, net migration, interest rates and the level of house building. No one can predict these things with certainty however we can plot the historic trends in house prices in ME5 7 (Chatham) compared with the wider postcode district of ME5.
House price index for ME5 7
Tip: click on the legend items to show/hide different lines
Download house price index as CSV (premium users only).
The chart above shows changes in 'ME5 7' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in ME5 7 and is set to 100 in 2004. I'm comparing the trends for ME5 7,Chatham with the wider postcode district of ME5 What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire Medway local authority.
The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:
Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.
Historic returns for ME5 7
| ME5 7 sector | ME5 district | |||
|---|---|---|---|---|
| Nominal | Real | Nominal | Real | |
| 20 yr per annum | 3.4% | 0.6% | 3.6% | 0.8% |
| 20 yr total | 96.0% | 12.5% | 102.7% | 16.3% |
| 10 yr per annum | 3.3% | -0.1% | 3.4% | 0.0% |
| 10 yr total | 38.5% | -0.8% | 40.1% | 0.4% |
| 5 yr per annum | 3.6% | -1.4% | 3.5% | -1.4% |
| 5 yr total | 19.1% | -6.6% | 18.7% | -6.9% |
| 1 yr per annum | 10.6% | 7.2% | 7.8% | 4.5% |
| 1 yr total | 10.6% | 7.2% | 7.8% | 4.5% |
This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.
The total rate of change represents the overall change over the entire period. The formula for total return is:
Total return = (Index at end of period ÷ Index at start of period) - 1
The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:
CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1
Some specific examples:
- Over the past 20 years, ME5 district have seen a 0.8% annual change when adjusted for inflation. This translates to a total change of 16.3% in real terms.
- Over the past 5 years, ME5 7 sector have seen a -1.4% annual change when adjusted for inflation. This translates to a total change of -6.6% in real terms.
Most recent ME5 7 sales
For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.
Tip: hover over dots to see details
Street level data
| Street | Avg size | Avg £sqm | Recent sales |
|---|---|---|---|
| Beacon Road, Chatham, ME5 7B | 79 sqm | £3,129 | 28 |
| Upper Luton Road, Chatham, ME5 7B | 72 sqm | £3,249 | 26 |
| Hopewell Drive, Chatham, ME5 7N | 50 sqm | £1,898 | 23 |
| Constitution Road, Chatham, ME5 7D | 77 sqm | £2,996 | 17 |
| Wittersham Close, Chatham, ME5 7N | 71 sqm | £4,389 | 14 |
| Swallow Rise, Chatham, ME5 7P | 96 sqm | £4,433 | 12 |
| Winchelsea Road, Chatham, ME5 7L | 60 sqm | £5,041 | 12 |
| Bilsington Close, Chatham, ME5 7N | 63 sqm | £3,954 | 11 |
Search for your street here.
Nearby geographies
The table below shows how 'ME5 7' compares to the other postcode sectors in ME5.
| Sector | Lower quartile | Median | Upper quartile | Sales in last 2yr |
|---|---|---|---|---|
| ME7 5 Gillingham | £2,560 sqm | £2,980 sqm | £3,280 sqm | 216 |
| ME7 4 Gillingham | £2,720 sqm | £3,030 sqm | £3,420 sqm | 272 |
| ME7 3 Hempstead | £3,770 sqm | £4,290 sqm | £4,960 sqm | 176 |
| ME7 2 Gillingham | £3,020 sqm | £3,440 sqm | £3,930 sqm | 322 |
| ME5 9 Chatham | £3,700 sqm | £4,200 sqm | £4,740 sqm | 347 |
| ME5 8 Chatham | £3,420 sqm | £3,980 sqm | £4,480 sqm | 404 |
| ME5 7 Chatham | £2,910 sqm | £3,680 sqm | £4,410 sqm | 396 |
| ME5 0 Chatham | £3,250 sqm | £3,700 sqm | £4,130 sqm | 261 |
| ME4 5 Chatham | £2,470 sqm | £2,900 sqm | £3,220 sqm | 336 |
| ME4 4 Chatham | £2,710 sqm | £3,200 sqm | £3,670 sqm | 186 |
Raw data
Our analysis of ME5 7 is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.
| Address | Paid | sqm | £/sqm |
|---|---|---|---|
| 1, Monarch Close, Chatham | £290,000
Mar-2026
|
71 | 4,084 |
| 14, Christie Close, Chatham | £315,000
Mar-2026
|
75 | 4,200 |
| 58a, Upper Luton Rd, Chatham | £245,000
Mar-2026
|
79 | 3,101 |
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.