Gravesend

Area Guide For Gravesend

Gravesend is a town in northwest Kent, England, on the south bank of the Thames, opposite Tilbury in Essex. It is the administrative town of the Borough of Gravesham and, because of its geographical position, has always had an important role to play in the history and communications of this part of England. It still retains today a strong link with the river. The opening of the Eurostar railway station at Ebbsfleet, the arrival of the High Speed service at Gravesend station itself and the fact that it lies within the Thames Gateway, add to the town's importance. The town was recorded as Gravesham in the Domesday Book in 1086 as belonging to Odo, Bishop of Bayeux: the name probably derived from "graaf-ham": the home of the Reeve, or Bailiff, of the Lord of the Manor. Another theory suggests that the name Gravesham may be a corruption of the words grafs-ham a place "at the end of the grove". Frank Carr asserts that the name derives from the Saxon Gerevesend, the end of the authority of the Portreve, (originally Portgereve), the officer in charge of the town. The Domesday spelling is the only historical record; all other spellings in the later (c1100) Domesday Monarchorum and in

 
 

Gravesend Map

Estimated Price: £261,985
Average Asking Price: £298,279
Price change in last one year: £19,089
Average Price Paid: £210,374
Average Rent Rates: £950

 
 

Property Prices Breakdown in Gravesend

Average Price for property in Gravesend is around £261,985 which varies based on type of property you are interested in and ranges from £460,601 for detached house to around £273,658 for semi-detached. Similarly terraced house is around £212,334 and a flat is worth £160,307. Values have been changing and have risen £3,523 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,530 in last 6 months, £19,089 in last 1 year, £32,031 in last 2 years, £32,451 in last 3 years, £38,150 in last 4 years and £38,363 in last 5 years.

Currently average asking price of a property in Gravesend is around £298,279 based on approximately 1,146 properties for sale. Same is the case with rental options based on 102 properties up for rent, average asking rent is around £950 per month.

Estimated property value in Gravesend is £261,985. Average asking price is £298,279 while average price paid is £226,567 which is up by £19,089 and Avg. asking rent £950.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Gravesend area. In last 1 year alone average price buyer paid is around £226,567 based on approximately 1,146 sales in Gravesend area alone. If you compare it to last 3 years sales of 3,311 properties where buyers paid around £215,392. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £210,374 for 5,290 and average amount paid for purchase of approx. 7,390 properties sold in last 7 years comes to about £205,715 per sale.

 
 

Properties For Sale in Gravesend

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £117,236, £201,575 for a 2 bedroom house, £281,238 for a 3 bedroom house, £504,461 for a 4 bedroom house and £847,692 for a 5 bedroom house. For a flat similarly the prices varies from £121,239 for a single bedroom to £167,984 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £119,950. To sum up the asking prices for properties in Gravesend it comes to around average £120,238 for 1 bedroom property, £182,327 for 2 bedroom, £279,576 for 3 bedroom, £504,461 for 4 bedroom and £847,692 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £537 for 1 bedroom to £842 for 2 bedrooms, £1,039 for 3 bedrooms, £1,512 for 4 bedrooms and £2,500 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £615. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £812. You should be generally be expecting around average £605 rent per month for single bedroom property, £821 for 2 bedroom, £1,039 for 3 bedroom, £1,512 for 4 bedroom and approximately £2,500 for a 5 bedroom property in Gravesend area.

Popular Houses in Gravesend

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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