According to the public record, Flat 8, Rivermill House 55, Gravesend is a period leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Rivermill House, Darnley Street, Gravesend, DA11.
Darnley Street, Gravesend, DA11 is located in the borough of Gravesham within the DA11 postal district.
Flat 8, Rivermill House 55, Gravesend has 21 entries in the Land Registry database, most recently in October 2019 and a single entry in the EPC database dated June 2023.
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 8 Rivermill House 55 Gravesend as £172,664 and the rental value as £1,095 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of Flat 8 Rivermill House 55 Gravesend has increased by £4,036 (2.3%) and its rental value has increased by £75 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 8, Rivermill House 55, Gravesend is in very good condition we estimate a sale value of £181,297 and rental value of £1,150 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £160,578 and a rental value of £1,018 per month.
If you were able to purchase this property for the estimated value of £172,664, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £849 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 8, Rivermill House 55, Gravesend was last sold on 25 Oct 2019 for £135,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2019, the market for similar properties has risen 12.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Rivermill House 55, Gravesend within a radius of 400 metres over the last 2 years.
The most recent example is 20A, Cobham Street, Gravesend, DA11 0SB, a Leasehold flat which sold for £170,000 in Oct 2023.
Read more about house prices in DA11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Darnley Street, Gravesend, DA11 has a total of 92 addresses. According to our analysis of all the public data, Flat 8, Rivermill House 55, Gravesend is the 66th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £144k less expensive than the average property in DA11.
Flat 8, Rivermill House 55, Gravesend has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Jun 2023.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 8, Rivermill House 55, Gravesend is Gravesend station which is 100 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 8, Rivermill House 55, Gravesend, 57.7% of property is privately rented and 17.9% is privately owned outright.
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 8, Rivermill House 55, Gravesend, 19.1% of residents are recorded as possessing school level qualifications and 30.7% 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 8, Rivermill House 55, 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 8, Rivermill House 55, Gravesend, 0.0% 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 8, Rivermill House 55, 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.