16, PARNELL CLOSE, CHAFFORD HUNDRED, GRAYS, RM16 6BQ - £575,000

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 PARNELL CLOSE is a very large detached house of 173m², built sometime between 1983 and 1990, which could now be worth an estimated £686,664. It was last sold for £575,000 in January 2020, which was around 14% above the average January 2020 detached price in the Thurrock local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

16 PARNELL CLOSE Sold Prices

Land registry data shows three sales for 16 PARNELL 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 16 PARNELL CLOSE sales were for above 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 20 JAN	£575,000	£503,177	14% above HPI
2004 26 MAR	£340,000	£274,193	24% above HPI
2002 14 JUN	£289,000	£209,393	38% above HPI

16 PARNELL 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 16 PARNELL CLOSE sales between June 2002 and January 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 2004 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the January 2020 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 16 PARNELL CLOSE be worth now?

16 PARNELL CLOSE might now be worth an estimated £686,664.

This is based on house price inflation of 19.4%, between January 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 19.4% inflationary increase is applied to the most recent sale price for 16 PARNELL CLOSE of £575,000 on 20th January 2020. For the value to have increased from £575,000 to £686,664 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 16 PARNELL CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The January 2020 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PARNELL CLOSE has not materially changed since January 2020.

How Large is 16 PARNELL CLOSE?

16 PARNELL CLOSE is 173m² according to the EPC inspection conducted in October 2019. This puts it in the largest 10% of detached houses houses in South Stifford, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Stifford, and where 16 PARNELL CLOSE lies on this distribution: 96% of detached houses houses are smaller than 16 PARNELL CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in South Stifford.

16 PARNELL CLOSE: Plot and Title Map

16 PARNELL CLOSE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 16 PARNELL 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 PARNELL 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 PARNELL CLOSE?

16 PARNELL CLOSE is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 16 on PARNELL CLOSE.