1, FOUNES DRIVE, CHAFFORD HUNDRED, GRAYS, RM16 6DT - £250,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

1 FOUNES DRIVE is a midsized extended detached house of 110m², built sometime between 2003 and 2006. It was last sold for £250,000 in May 2011, which was around 17% below the average May 2011 detached price in the Thurrock local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

1 FOUNES DRIVE Sold Prices

Land registry data shows two sales for 1 FOUNES DRIVE 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. Both of the two 1 FOUNES DRIVE 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
2011 31 MAY	£250,000	£300,893	17% below HPI
2003 28 MAR	£226,750	£252,325	10% below HPI

1 FOUNES DRIVE 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 FOUNES DRIVE sales from March 2003 and May 2011 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 March 2003 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2011 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 FOUNES DRIVE?

1 FOUNES DRIVE is 110m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 50% of detached houses in Chafford Hundred, based on EPC data. The below chart shows the distribution of detached houses by size in Chafford Hundred, and where 1 FOUNES DRIVE lies on this distribution: 41% of detached houses are smaller than 1 FOUNES DRIVE, and 57% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

1 FOUNES DRIVE: Plot and Title Map

1 FOUNES DRIVE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 1 FOUNES DRIVE, 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 FOUNES DRIVE). 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 FOUNES DRIVE?

1 FOUNES DRIVE is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 1 on FOUNES DRIVE.