2, READERS CLOSE, GRAVESEND, DA12 2FN - £446,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 READERS CLOSE is a very small detached house of 75m², which could now be worth an estimated £456,261. It was last sold for £446,000 in September 2024, which was around 27% below the average September 2024 detached price in the Gravesham local authority area. The most recent EPC inspection was September 2018, where the current energy rating was B, and the potential energy rating was A.

2 READERS CLOSE Sold Prices

Land registry data shows four sales for 2 READERS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gravesham local authority area for the corresponding sale date. Most of the four 2 READERS CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 10 SEP	£446,000	£614,682	27% below HPI
2019 21 JUN	£385,000	£517,394	26% below HPI
2018 27 APR	£900,000	£519,101	73% above HPI
2017 9 MAY	£60,000	£510,157	88% below HPI

2 READERS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gravesham local authority area over time, sourced from the HPI. The four 2 READERS CLOSE sales between May 2017 and September 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2024 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 READERS CLOSE be worth now?

2 READERS CLOSE might now be worth an estimated £456,261.

This is based on house price inflation of 2.3%, between September 2024 and February 2025, for detached houses, in the Gravesham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for 2 READERS CLOSE of £446,000 on 10th September 2024. For the value to have increased from £446,000 to £456,261 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 2 READERS CLOSE has moved in line with the HPI for detached houses in the Gravesham local authority area.
• The September 2024 sale price of £446,000 represented a fair market value for the property.
• The size, condition, and specification of 2 READERS CLOSE has not materially changed since September 2024.

How Large is 2 READERS CLOSE?

2 READERS CLOSE is 75m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of detached houses houses in Gravesend, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gravesend, and where 2 READERS CLOSE lies on this distribution: 9% of detached houses houses are smaller than 2 READERS CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Gravesend.

2 READERS CLOSE: Plot and Title Map

2 READERS CLOSE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 2 READERS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 READERS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 READERS CLOSE?

2 READERS CLOSE is located in GRAVESEND, in the DA12 postcode district. The below map shows the position of No. 2 on READERS CLOSE.