House prices in 'DA12 5', Gravesend

This article reveals price per square foot data and various charts to help you understand current housing market in 'DA12 5' (Gravesend) - statistics were last calculated on 16 October 2024.

Defining 'DA12 5'

This analysis is limited to properties whose postcode starts with "DA12 5", this is also called the postcode sector. There are no official postcode sector names so I've just labelled it DA12 5, Gravesend. It is shown in red on the map below.

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You can click on the map above to change to a neighbouring sector, or you can use the search form below.

Price per square foot

Knowing the average house price in DA12 5 is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:

£ per sqft = price ÷ internal area

For example in July 2024, 76, Portland Avenue, Gravesend, DA12 5HF sold for £265,000. Given the internal area of 484 square feet recorded on the EPC, the price per sqft is £265,000 ÷ 484 sqft = £547.

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 ;-). It is a huge pain to code the automatic conversion for square meters to square feet for all the graphs and charts on DA12 5 and elsewhere. All the conditionals turn my tidy code for into spaghetti. I will get around to it at some point, but for now you can just divide everything by 10 in your head, move a decimal place and you'll be close enough. If you want to be more precise 1 sqm = 10.76391 sqft.

Distribution of £ per sqft for 'DA12 5' vs 'DA12'

The chart above is called a histogram, it helps you see the distribution of house price per sqft in DA12 5 To make this chart we put all the sales data into a series of £ per sqft 'buckets' (e.g. £404 to £418, £418 to £431, £431 to £445 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 238 sales that took place in DA12 5, Gravesend 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 DA12 5, Gravesend. Notably, only 25% of properties that sold recently were valued at more than £424 sqft. For anything to be valued more than this means it has to be more desireable than the clear majority of DA12 5 homes.

Box plot of £ per sqft for DA12 5

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 foot property price distributions, box plots represent the variation in property prices within a geographic area e.g. Gravesend. The chart above shows a boxplot for 'DA12 5' as well as the 'DA12' postcode district.

  • Median: The horizontal line inside the box represents the median (£ per square meter). This is the midpoint of the data, meaning 50% of the prices are below this value, and 50% are above. The middle price per square foot in 'DA12 5' is £384.
  • Interquartile Range (IQR): The box spans from the 25th percentile (Q1) to the 75th percentile (Q3). This is the range where the middle 50% of the data lies, giving a good indication of the typical price spread. Of the 238 transactions in DA12 5, Gravesend half were sold for between £334 and £424 per square foot.
  • Whiskers: In our case, the whiskers extend from the 9th percentile (at the lower end) to the 91st percentile (at the upper end), This provides a slightly broader view of the distribution by including the middle 82% of records. The whiskers capture most of the variation but exclude extreme outliers caused by data errors in recording sold house prices or internal area.
  • 'n=' is the number of property transactions the box plot is based on; 238 for DA12 5, Gravesend.

    • Property price map for Gravesend

    Have a look at the interactive price map I created for myself. Use it to explore 'DA12 5' house prices all the way down to individual property plots.

    Property price heatmap for Gravesend
    House price map for Gravesend

    Gravesend house price forecasting

    I cannot tell what house prices will do in the future and don't believe anyone who says they can. However we can plot price trends, I have done this in the chart below for DA12 5 (Gravesend) compared with the wider postcode district of DA12. You can extrapolate from this based on your own views on future interest rates, inflation and other factors.

    House price index for DA12 5

    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 'DA12 5' property prices over the last 20 years. The index is calculated from the average price paid per sqft for property in DA12 5 and is set to 100 in 2004. I'm comparing the trends for DA12 5,Gravesend with the wider postcode district of DA12 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 Gravesham 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) – 1
    In 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 DA12 5
    DA12 5 sector DA12 district
    Nominal Real Nominal Real
    20 yr per annum 3.8% 1.1% 3.6% 0.9%
    20 yr total 109.7% 24.2% 101.0% 19.0%
    10 yr per annum 4.4% 1.6% 4.2% 1.4%
    10 yr total 54.0% 16.9% 51.0% 14.7%
    5 yr per annum 3.7% -0.3% 2.5% -1.5%
    5 yr total 20.1% -1.7% 13.0% -7.5%
    1 yr per annum -1.5% -5.5% -4.5% -8.3%
    1 yr total -1.5% -5.5% -4.5% -8.3%

    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, DA12 5 sector have seen a 1.1% annual change when adjusted for inflation. This translates to a total change of 24.2% in real terms.
    • Over the past 5 years, DA12 district have seen a -1.5% annual change when adjusted for inflation. This translates to a total change of -7.5% in real terms.

    Most recent DA12 5 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 £sqft Recent sales
    Livingstone Road, Gravesend, DA12 5D 90 sqm £326 21
    Sun Lane, Gravesend, DA12 5H 90 sqm £344 19
    Whitehill Lane, Gravesend, DA12 5L 106 sqm £379 16
    Portland Avenue, Gravesend, DA12 5H 88 sqm £374 15
    Whitehill Road, Gravesend, DA12 5P 109 sqm £369 15
    Central Avenue, Gravesend, DA12 5A 96 sqm £374 14
    Valley Drive, Gravesend, DA12 5R 92 sqm £399 14
    Thistledown, Gravesend, DA12 5E 61 sqm £419 13

    Search for your street here.

    Nearby geographies

    The table below shows how 'DA12 5' compares to the other postcode sectors in DA12.

    Sector Lower quartile Median Upper quartile Sales in last 2yr
    DA13 9 Istead Rise £406 sqft £457 sqft £520 sqft 109
    DA12 5 Gravesend £334 sqft £384 sqft £424 sqft 238
    DA12 4 Gravesend £350 sqft £398 sqft £452 sqft 222
    DA12 3 Shorne £389 sqft £449 sqft £534 sqft 48
    DA12 2 Gravesend £265 sqft £318 sqft £386 sqft 177
    DA12 1 Gravesend £267 sqft £353 sqft £415 sqft 126
    DA11 7 Northfleet £335 sqft £370 sqft £420 sqft 219
    DA11 0 Gravesend £285 sqft £320 sqft £359 sqft 198

    Raw data

    Our analysis of DA12 5 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 sqft £/sqft
    76, Portland Avenue, Gravesend £265,000
    Jul-2024
    		 484 547
    109, Whitehill Lane, Gravesend £370,000
    Jul-2024
    		 904 409
    10, Thistledown, Gravesend £265,000
    Jun-2024
    		 581 455

    See the entire list of all sales in DA12 5 here.

    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.