# House prices in DA12 3 (Shorne)

This article reveals price per square metre data and various charts to help you understand current housing market in Shorne, Gravesend (DA12 3).

## Defining 'DA12 3'

This analysis is limited to properties whose postcode starts with "DA12 3", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Shorne.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Shorne 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. Brooklands, 3, Swillers Lane, Shorne, Gravesend, sold for £670,000 on Nov-2023. Given the internal area of 118 square metres, the price per sqm is £5,677.

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 ;-) They may want to convert square meters 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. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 37 sales in Shorne (DA12 3) that took place in the last two years.

##### Distribution of £ per sqm for Shorne, Gravesend
Distribution of £ per sqm house prices in Shorne

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 Shorne (DA12 3). Of the 37 transactions, half were sold for between £4,260 and £5,860 per square metre. The median, or 'middle', price per square metre in 'DA12 3' is £4,720. Notably, only 25% of properties that sold recently were valued at more than £5,860 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Shorne, Gravesend

Do have a look at the interactive price map I created. 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.

House price heatmap for Shorne, Gravesend

## Comparison with neighbouring postcode sectors

The table below shows how 'DA12 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DA12 1 Gravesend £2,870 sqm £3,720 sqm £4,410 sqm
DA12 3 Shorne £4,260 sqm £4,720 sqm £5,860 sqm
DA12 4 Gravesend £3,820 sqm £4,410 sqm £4,870 sqm
DA12 2 Gravesend £2,950 sqm £3,600 sqm £4,160 sqm
DA12 5 Gravesend £3,680 sqm £4,120 sqm £4,620 sqm

## 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 chart below for DA12 3 (Shorne) compared with both the wider area DA12 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Shorne,Gravesend
House price trends for Shorne

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.

##### Most recent DA12 3 sales
Recent trends for Shorne

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Gravesend to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Warren View, Shorne, DA12 3E 127 sqm £5,491 8
Coutts Avenue, Shorne, DA12 3H 98 sqm £4,337 8
Scratton Fields, Shorne, DA12 3A 94 sqm £4,733 7
Green Farm Lane, Shorne, DA12 3H 97 sqm £5,810 7
Pear Tree Lane, Shorne, DA12 3J 235 sqm £4,801 7
The Street, Shorne, DA12 3B 158 sqm £4,056 6
Bowesden Lane, Shorne, DA12 3L 265 sqm £4,491 5
Gravesend Road, Shorne, DA12 3J 172 sqm £3,451 5

Search for your street here.

## Raw data

Our analysis of Shorne 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
Brooklands, 3, Swillers Lane, Shorne, Gravesend £670,000
Nov-2023
118 5,677
4, Swillers Lane, Shorne, Gravesend £510,000
Nov-2023
76 6,710
12, Scratton Fields, Shorne, Gravesend £413,000
Oct-2023
76 5,434

#### 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.