Dartford Beats Brexit, Property Market Grows by 7% in 2016

6. May 2017 14:01 / VInsights Team / South East England / Comments (0)

Story Highlights

  • Dartford had total property sales of £742 millions in 2016
  • The total number of properties sold in 2016 was 2366
  • The average sales price in Dartford was £313 K, whereas the median was £280 K
  • New Property sales were 21.6% by value, whereas Not New Property contributed 78.4%.
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty changes did not have negative impact, there was robust growth of 7.2%

 

 Darford is one of the districts of Kent

Total Sales By Property Type
Dartford - Total Sales By Property Type

Dartford had total property sales of £742 millions which was 7.95% of the total Kent Property Market 2016

The split of £742 millions across the different property types are:

  • Terraced £263 millions (35.48%)
  • Semi-Detached £166 millions (22.41%)
  • Flat/Maisonette £133 millions (17.94%)
  • Detached £124 millions (16.7%)
  • Other £55 millions (7.47%)

 

Dartford Property Market at Postcode Level

Postcode Coverage Area School Local Authority Area
BR8 Swanley,Hextable,Crockenhill,Swanley Village Details Sevenoaks, Bromley, Dartford
DA1 Dartford,Crayford,Barnes Cray Details Bexley, Dartford
DA2 Dartford(east),Stone,Wilmington,Bean,Hawley,Darent h, part ofJoydens Wood Details Dartford,Sevenoaks
DA3 Longfield,Hartley,New Ash Green,New Barn,Fawkham Details Dartford,Gravesham, Sevenoaks
DA4 Farningham,Eynsford,South Darenth,Sutton-at-Hone,H orton Kirby Details Dartford, Sevenoaks
DA5 Bexley, parts ofAlbany ParkandJoydens Wood Details Bexley, Dartford
DA9 Greenhithe,Stone Details Dartford
DA10 Swanscombe,Ebbsfleet Details Dartford
DA11 Gravesend(west),Northfleet Details Dartford, Gravesham
DA13 Meopham,Istead Rise,Vigo,Southfleet Details Dartford, Gravesham, Sevenoaks,Tonbridge and Malling

 

 

Month-wise Break-up of Total Sales
Dartford - Month-wise Break-up of Total Sales

Some of the insights based on the £742 millions month-wise break-down:

Stamp Duty Hike Impact

  1. March had property sale spike of £101 millions compared to £58 millions in Feb
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. Year on Year growth has been 7.2% in 2016 over 2015
  3. Brexit coupled with Stamp Duty Hike did not have negative impact on Dartford Property Market in 2016

 

 

Total No Of Properties Sold By Property Type
Dartford - Total No Of Properties Sold By Property Type

 Dartford had total property sales of 2366. The split across different property types are:

  • Terraced 901 (38.08%)
  • Flat/Maisonette 687 (%)
  • Semi-Detached 482 (20.37%)
  • Detached 239 (10.1%)
  • Other 57 (2.41%)

 

 

Average & Median Sales Price
Dartford - Average & Median Sales Price

  The average sales price in Dartford was £313 K and for the different property types it was:

  • Detached £518 K
  • Semi-Detached £345 K
  • Terraced £292 K
  • Flat/Maisonette £194 K
  • Other it is £972 K

Similarly median sales price in Dartford was £280 K and for the different property types are:

  • Detached £480 K
  • Semi-Detached £340 K
  • Terraced £285 K
  • Flat/Maisonette £196 K
  • Other it is £276 K

 

 

New Vs Not New Property Statistics
Dartford - New Vs Not New Property Statistics

  By Sales Value the split is as follows:

  • New Property contributed £160 millions (21.6%)
  • Not New Property contributed £581 millions (78.4%)

By Total Number the split is as follows:

  • New properties sold were 533 (22.53%)
  • Not new property sold were 1,833 (77.47%)

 

All Kent Posts

Tags : , , ,
Comments are closed