16, BANKFOOT, BADGERS DENE, GRAYS, RM17 5JA - £238,000

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

16 BANKFOOT is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £238,000 in June 2009, which was around 14% below the average June 2009 detached price in the Thurrock local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

16 BANKFOOT Sold Prices

Land registry data shows four sales for 16 BANKFOOT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. All of the four 16 BANKFOOT 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
2009 11 JUN	£238,000	£275,884	14% below HPI
2008 1 FEB	£246,500	£329,741	25% below HPI
2000 6 MAR	£105,000	£139,999	25% below HPI
1996 24 MAY	£72,000	£84,763	15% below HPI

16 BANKFOOT 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 four 16 BANKFOOT sales between May 1996 and June 2009 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 February 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2009 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 16 BANKFOOT be worth now?

16 BANKFOOT might now be worth an estimated £511,928.

This is based on house price inflation of 115.1%, between June 2009 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 115.1% inflationary increase is applied to the most recent sale price for 16 BANKFOOT of £238,000 on 11th June 2009. For the value to have increased from £238,000 to £511,928 over the fourteen years and six months to December 2024, the following assumptions must hold true:

• The value of 16 BANKFOOT has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The June 2009 sale price of £238,000 represented a fair market value for the property.
• The size, condition, and specification of 16 BANKFOOT has not materially changed since June 2009.

How Large is 16 BANKFOOT?

16 BANKFOOT is 73m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% 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 16 BANKFOOT lies on this distribution: 7% of detached houses houses are smaller than 16 BANKFOOT, and 93% of houses are larger. Note that EPC data is not available for all properties in Grays.

16 BANKFOOT: Plot and Title Map

16 BANKFOOT sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 16 BANKFOOT, 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 16 BANKFOOT). 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 16 BANKFOOT?

16 BANKFOOT is located in BADGERS DENE, in the RM17 postcode district. The below map shows the position of No. 16 on BANKFOOT.