ME3 (Hoo) area guide
The ME3 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Allhallows, Chattenden, Cliffe, Cliffe Woods, Cooling, High Halstow, Higham, Hoo, Isle Of Grain, Kent, Lower Stoke, Middle Stoke, Peninsula, Rochester, Rochester West, Shorne, Cobham and Luddesdown, St Mary Hoo, Strood Rural, Upper Stoke, Wainscott.
A Mouseprice property guide for ME3 Hoo is coming soon. In the meantime, please have a look at the raw data and statistics about ME3 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
The size of the property market in ME3 is 10029 homes.
The postcode district ME3 has been experiencing annual growth of 8.6% over the last 5 years excluding the effect of inflation. This growth rate tends to indicatean area which has invested in improving housing stock, transport links or other local infrastructure. It may also suggest proximity to an area of economic growth such as one of the financial clusters (London, Leeds, Bristol etc.) or strong local presence in growth industries (for example investment in university facilities, attractiveness of an area to IT companies or other knowledge- based organisations).
During the last 3 months, property in this postcode district has averaged a value of £198644.
When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 10.5.
New transactions as a percentage of overall sales are 15.6%.
The most commonly found type of housing in this area are Semi- Detached Houses, making up 43.3% of the housing stock.
Flats account for the lowest percentage of the housing stock in this district, at only 6.4%.
This is an area with a high proportion of property suitable for families with children.
There is a high proportion of temporary housing in this area at 7.8%.
Socially rented accommodation represents 10.6% of the total rented accommodation in the area.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is higher than the national average of £187894 at £220223.
Who lives here:
The population of this postcode district is 24005.
The average age in this area is 39.
This area has a high percentage of married people at 23%.
Average working hours in this area for men are 44 and for women are 31.
This area has 2 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (16.6% of workers), followed by Construction (13.1%).