According to the public record, Basement Flat, 5, Clarence Place, Gravesend is a period leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 5, Clarence Place, Gravesend, DA12.
Clarence Place, Gravesend, DA12 is located in the borough of Gravesham within the DA12 postal district.
Basement Flat, 5, Clarence Place, Gravesend has 21 entries in the Land Registry database, most recently in June 2007 and a single entry in the EPC database dated February 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Basement Flat 5 Clarence Place Gravesend as £193,721 and the rental value as £1,067 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Basement Flat 5 Clarence Place Gravesend has increased by £2,505 (1.3%) and its rental value has increased by £61 per month (5.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Basement Flat, 5, Clarence Place, Gravesend is in very good condition we estimate a sale value of £203,408 and rental value of £1,120 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £180,161 and a rental value of £992 per month.
If you were able to purchase this property for the estimated value of £193,721, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £952 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Basement Flat, 5, Clarence Place, Gravesend was last sold on 11 Jun 2007 for £275,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2007, the market for similar properties has risen 49.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Basement Flat, 5, Clarence Place, Gravesend within a radius of 390 metres over the last 2 years.
The most recent example is 44, Clarence Row, Gravesend, DA12 1HJ, a Leasehold flat which sold for £175,000 in Nov 2021.
Read more about house prices in DA12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clarence Place, Gravesend, DA12 has a total of 65 addresses. According to our analysis of all the public data, Basement Flat, 5, Clarence Place, Gravesend is the 64th largest and the 49th most expensive property on the street.
When compared to the postcode district it is £141k less expensive than the average property in DA12.
Basement Flat, 5, Clarence Place, Gravesend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Feb 2020.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Basement Flat, 5, Clarence Place, Gravesend is Gravesend station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Basement Flat, 5, Clarence Place, Gravesend, 35.6% of property is privately rented and 34.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Basement Flat, 5, Clarence Place, Gravesend, 15.5% of residents are recorded as possessing school level qualifications and 47.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Basement Flat, 5, Clarence Place, Gravesend, the average age was 41.4 and the most common age was 52.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Basement Flat, 5, Clarence Place, Gravesend, 0.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Basement Flat, 5, Clarence Place, Gravesend, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.