1, ALBERT CLOSE, GRAYS, RM16 2RB - £380,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 ALBERT CLOSE is a small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £380,000 in October 2017, which was around 23% below the average October 2017 detached price in the Thurrock local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

1 ALBERT CLOSE Sold Prices

Land registry data shows three sales for 1 ALBERT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. All of the three 1 ALBERT 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
2017 9 OCT	£380,000	£495,745	23% below HPI
2012 10 AUG	£240,000	£306,309	22% below HPI
2000 24 FEB	£130,000	£138,139	6% below HPI

1 ALBERT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Thurrock local authority area over time, sourced from the HPI. The three 1 ALBERT CLOSE sales between February 2000 and October 2017 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 August 2012 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2017 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 1 ALBERT CLOSE be worth now?

1 ALBERT CLOSE might now be worth an estimated £454,866.

This is based on house price inflation of 19.7%, between October 2017 and December 2024, for detached houses, in the Thurrock local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.7% inflationary increase is applied to the most recent sale price for 1 ALBERT CLOSE of £380,000 on 9th October 2017. For the value to have increased from £380,000 to £454,866 over the six years and ten months to December 2024, the following assumptions must hold true:

• The value of 1 ALBERT CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The October 2017 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ALBERT CLOSE has not materially changed since October 2017.

How Large is 1 ALBERT CLOSE?

1 ALBERT CLOSE is 87m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of detached houses houses in Grays, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grays, and where 1 ALBERT CLOSE lies on this distribution: 22% of detached houses houses are smaller than 1 ALBERT CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Grays.

1 ALBERT CLOSE: Plot and Title Map

1 ALBERT CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 1 ALBERT 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 1 ALBERT 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 1 ALBERT CLOSE?

1 ALBERT CLOSE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 1 on ALBERT CLOSE.