1, CHANCE CLOSE, GRAYS, RM16 6QE - £500,000

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.

1 CHANCE CLOSE is a small detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £512,853. It was last sold for £500,000 in January 2024, which was around 15% below the average January 2024 detached price in the Thurrock local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

1 CHANCE CLOSE Sold Prices

Land registry data shows three sales for 1 CHANCE 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 CHANCE 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 18 JAN	£500,000	£585,833	15% below HPI
2002 3 MAY	£186,000	£202,163	8% below HPI
1999 7 SEP	£117,500	£124,604	6% below HPI

1 CHANCE 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 CHANCE CLOSE sales between September 1999 and January 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 May 2002 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2024 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 1 CHANCE CLOSE be worth now?

1 CHANCE CLOSE might now be worth an estimated £512,853.

This is based on house price inflation of 2.6%, between January 2024 and February 2025, 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 2.6% inflationary increase is applied to the most recent sale price for 1 CHANCE CLOSE of £500,000 on 18th January 2024. For the value to have increased from £500,000 to £512,853 over the eleven months to February 2025, the following assumptions must hold true:

• The value of 1 CHANCE CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The January 2024 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHANCE CLOSE has not materially changed since January 2024.

How Large is 1 CHANCE CLOSE?

1 CHANCE CLOSE is 102m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 30% of detached houses houses in Chafford Hundred, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chafford Hundred, and where 1 CHANCE CLOSE lies on this distribution: 28% of detached houses houses are smaller than 1 CHANCE CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

1 CHANCE CLOSE: Plot and Title Map

1 CHANCE CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 1 CHANCE 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 CHANCE 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 CHANCE CLOSE?

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