Feb 07, 2023 by HM

House prices in Gravesend (DA12 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Gravesend (DA12 2).

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Price per square metre

Knowing the average house price in Gravesend 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

E.g. Flat 26 Heritage Quay, Commercial Place, Gravesend, sold for £260,000 on Aug-2023. Given the internal area of 94 square metres, the price per sqm is £2,765.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 160 sales in Gravesend (DA12 2) that took place in the last two years.

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.

That said, the spread of prices will give you a feel of the typical range to expect in Gravesend (DA12 2). Of the 160 transactions, half were sold for between £2,910 and £4,160 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,160m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'DA12 2' is £3,520. The table below shows how 'DA12 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DA12 1 Gravesend	£2,880m2	£3,720m2	£4,300m2
DA12 2 Gravesend	£2,910m2	£3,520m2	£4,160m2
DA12 3 Shorne	£4,280m2	£4,740m2	£5,400m2
DA12 4 Gravesend	£3,730m2	£4,380m2	£4,810m2
DA12 5 Gravesend	£3,610m2	£4,100m2	£4,600m2

Will Gravesend house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for DA12 2 (Gravesend). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for DA12 2 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Gravesend and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Gravesend data or any other data I am given.

Price map for Gravesend

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Gravesend. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Gravesend

Street level data

Street	Avg size	Avg £/m2	Recent sales
Lower Higham Road, Gravesend, DA12 2N	98m2	£3,923	30
Fenners Marsh, Gravesend, DA12 2J	63m2	£3,005	16
Suffolk Road, Gravesend, DA12 2S	79m2	£3,449	16
Raphael Road, Gravesend, DA12 2P	85m2	£2,828	13
Admirals Way, Gravesend, DA12 2A	55m2	£3,164	13
Alexandra Road, Gravesend, DA12 2Q	71m2	£3,522	10
Canal Road, Gravesend, DA12 2A	62m2	£3,302	9
Russell Road, Gravesend, DA12 2R	85m2	£2,996	8

Search for your street here.

Raw data

Our analysis of Gravesend 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	m2	£/m2
Flat 26 Heritage Quay, Commercial Pl, Gravesend	£260,000 Aug-2023	94	2,765
15b, Harmer St, Gravesend	£117,000 Aug-2023	37	3,162
6, Pilots Pl, Gravesend	£120,000 Aug-2023	51	2,352

See the entire list of all sales in Gravesend (DA12 2) here.