15, CARAVEL CLOSE, GRAYS, RM16 6QB - £125,000

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

15 CARAVEL CLOSE is a very small detached house of 47m², built sometime between 1991 and 1995, which could now be worth an estimated £258,526. It was last sold for £125,000 in February 2006, which was around 56% below the average February 2006 detached price in the Thurrock local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

15 CARAVEL CLOSE Sold Prices

Land registry data shows three sales for 15 CARAVEL 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 15 CARAVEL 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
2006 10 FEB	£125,000	£286,922	56% below HPI
2000 31 OCT	£61,500	£158,218	61% below HPI
1997 27 JUN	£44,000	£96,595	54% below HPI

15 CARAVEL 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 15 CARAVEL CLOSE sales between June 1997 and February 2006 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 October 2000 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the February 2006 sale, where it rises to 56% below the HPI. The line then continues to track at 56% below the HPI.

What might 15 CARAVEL CLOSE be worth now?

15 CARAVEL CLOSE might now be worth an estimated £258,526.

This is based on house price inflation of 106.8%, between February 2006 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 106.8% inflationary increase is applied to the most recent sale price for 15 CARAVEL CLOSE of £125,000 on 10th February 2006. For the value to have increased from £125,000 to £258,526 over the seventeen years and two months to December 2024, the following assumptions must hold true:

• The value of 15 CARAVEL CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The February 2006 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CARAVEL CLOSE has not materially changed since February 2006.

How Large is 15 CARAVEL CLOSE?

15 CARAVEL CLOSE is 47m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 10% 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 15 CARAVEL CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 15 CARAVEL CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

15 CARAVEL CLOSE: Plot and Title Map

15 CARAVEL CLOSE sits on a plot of roughly 0.730 of an acre, or 2,956m². The below map shows the location of 15 CARAVEL 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 15 CARAVEL 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 15 CARAVEL CLOSE?

15 CARAVEL CLOSE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 15 on CARAVEL CLOSE.