According to the public record, Flat 1, Terance House 92, Gravesend is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Terance House, Wrotham Road, Gravesend, DA11.
Wrotham Road, Gravesend, DA11 is located in the borough of Gravesham within the DA11 postal district.
Flat 1, Terance House 92, Gravesend has a single entry in the Land Registry database from July 2017 and a single entry in the EPC database dated September 2016.
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 Flat 1 Terance House 92 Gravesend as £181,442 and the rental value as £1,070 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 1 Terance House 92 Gravesend has increased by £4,242 (2.3%) and its rental value has increased by £74 per month (6.9%).
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 Flat 1, Terance House 92, Gravesend is in very good condition we estimate a sale value of £190,515 and rental value of £1,123 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £168,741 and a rental value of £995 per month.
If you were able to purchase this property for the estimated value of £181,442, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £892 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, Flat 1, Terance House 92, Gravesend was last sold on 11 Jul 2017 for £165,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2017, the market for similar properties has risen 10.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Terance House 92, Gravesend within a radius of 390 metres over the last 2 years.
The most recent example is 22, St. James Oaks, Gravesend, DA11 0QT, a Leasehold flat which sold for £188,000 in Jul 2023.
Read more about house prices in DA11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wrotham Road, Gravesend, DA11 has a total of 360 addresses. According to our analysis of all the public data, Flat 1, Terance House 92, Gravesend is the 314th largest and the 272nd most expensive property on the street.
When compared to the postcode district it is £135k less expensive than the average property in DA11.
Flat 1, Terance House 92, Gravesend has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Sep 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 1, Terance House 92, 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 Flat 1, Terance House 92, Gravesend, 44.7% of property is privately rented and 22.9% is socially rented.
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 Flat 1, Terance House 92, Gravesend, 23.5% of residents are recorded as possessing school level qualifications and 31.7% 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 Flat 1, Terance House 92, Gravesend, the average age was 37.5 and the most common age was 32.
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 Flat 1, Terance House 92, Gravesend, 0.9% 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 Flat 1, Terance House 92, Gravesend, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.