12, WELLING ROAD, ORSETT, GRAYS, RM16 3DF - £395,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 WELLING ROAD is a small extended detached house of 93m², built sometime between 1976 and 1982. It was last sold for £395,000 in April 2021, which was around 26% below the average April 2021 detached price in the Thurrock local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was C.

12 WELLING ROAD Sold Prices

Land registry data shows three sales for 12 WELLING ROAD 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 12 WELLING ROAD 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
2021 9 APR	£395,000	£532,636	26% below HPI
2006 8 DEC	£249,000	£299,781	17% below HPI
1996 9 AUG	£81,000	£93,341	13% below HPI

12 WELLING ROAD 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 12 WELLING ROAD sales between August 1996 and April 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 December 2006 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 12 WELLING ROAD?

12 WELLING ROAD is 93m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 30% of detached houses in Southfields, based on EPC data. The below chart shows the distribution of detached houses by size in Southfields, and where 12 WELLING ROAD lies on this distribution: 26% of detached houses are smaller than 12 WELLING ROAD, and 74% of houses are larger. Note that EPC data is not available for all properties in Southfields.

12 WELLING ROAD: Plot and Title Map

12 WELLING ROAD sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 12 WELLING ROAD, 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 12 WELLING ROAD). 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 12 WELLING ROAD?

12 WELLING ROAD is located in ORSETT, in the RM16 postcode district. The below map shows the position of No. 12 on WELLING ROAD.