16, MARLBOROUGH CLOSE, GRAYS, RM16 2SU - £410,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 MARLBOROUGH CLOSE is a small detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £453,416. It was last sold for £410,000 in December 2020, which was around 25% below the average December 2020 detached price in the Thurrock local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

16 MARLBOROUGH CLOSE Sold Prices

Land registry data shows two sales for 16 MARLBOROUGH CLOSE 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 16 MARLBOROUGH 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
2020 15 DEC	£410,000	£543,356	25% below HPI
1997 27 MAR	£83,000	£97,915	15% below HPI

16 MARLBOROUGH 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 two 16 MARLBOROUGH CLOSE sales from March 1997 and December 2020 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 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 16 MARLBOROUGH CLOSE be worth now?

16 MARLBOROUGH CLOSE might now be worth an estimated £453,416.

This is based on house price inflation of 10.6%, between December 2020 and February 2025, 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 10.6% inflationary increase is applied to the most recent sale price for 16 MARLBOROUGH CLOSE of £410,000 on 15th December 2020. For the value to have increased from £410,000 to £453,416 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 16 MARLBOROUGH CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The December 2020 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MARLBOROUGH CLOSE has not materially changed since December 2020.

How Large is 16 MARLBOROUGH CLOSE?

16 MARLBOROUGH CLOSE is 92m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% 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 MARLBOROUGH CLOSE lies on this distribution: 29% of detached houses houses are smaller than 16 MARLBOROUGH CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Grays.

16 MARLBOROUGH CLOSE: Plot and Title Map

16 MARLBOROUGH CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 16 MARLBOROUGH 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 16 MARLBOROUGH 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 16 MARLBOROUGH CLOSE?

16 MARLBOROUGH CLOSE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 16 on MARLBOROUGH CLOSE.