1, CHESTNUT AVENUE, GRAYS, RM16 2UH - £535,000

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 CHESTNUT AVENUE is a midsized extended detached house of 106m², built sometime between 1930 and 1949. It was last sold for £535,000 in September 2021, which was around 3% below the average September 2021 detached price in the Thurrock local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

1 CHESTNUT AVENUE Sold Prices

Land registry data shows two sales for 1 CHESTNUT AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. One of the two 1 CHESTNUT AVENUE sales was for below the average price, whilst the other was for above 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
2021 13 SEP	£535,000	£549,779	3% below HPI
2012 23 MAY	£322,500	£294,740	9% above HPI

1 CHESTNUT AVENUE 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 two 1 CHESTNUT AVENUE sales from May 2012 and September 2021 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 2012 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the September 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1 CHESTNUT AVENUE be worth now?

1 CHESTNUT AVENUE might now be worth an estimated £577,463.

This is based on house price inflation of 7.9%, between September 2021 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 7.9% inflationary increase is applied to the most recent sale price for 1 CHESTNUT AVENUE of £535,000 on 13th September 2021. For the value to have increased from £535,000 to £577,463 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 1 CHESTNUT AVENUE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The September 2021 sale price of £535,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHESTNUT AVENUE has not materially changed since September 2021.

How Large is 1 CHESTNUT AVENUE?

1 CHESTNUT AVENUE is 106m², which includes three extensions, according to the EPC inspection conducted in February 2021. This puts it in the smallest 50% 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 CHESTNUT AVENUE lies on this distribution: 48% of detached houses houses are smaller than 1 CHESTNUT AVENUE, and 51% of houses are larger. Note that EPC data is not available for all properties in Grays.

1 CHESTNUT AVENUE: Plot and Title Map

1 CHESTNUT AVENUE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 1 CHESTNUT AVENUE, 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 CHESTNUT AVENUE). 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 CHESTNUT AVENUE?

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