196, DRAKE ROAD, CHAFFORD HUNDRED, GRAYS, RM16 6RW - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

196 DRAKE ROAD is a very small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £225,000 in June 2007, which was around 27% below the average June 2007 detached price in the Thurrock local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

196 DRAKE ROAD Sold Prices

Land registry data shows two sales for 196 DRAKE ROAD 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. One of the two 196 DRAKE ROAD sales was for below the average price, whilst the other was 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
2007 1 JUN	£225,000	£309,136	27% below HPI
2001 2 JUL	£235,995	£169,796	39% above HPI

196 DRAKE 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 two 196 DRAKE ROAD sales from July 2001 and June 2007 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 July 2001 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the June 2007 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 196 DRAKE ROAD?

196 DRAKE ROAD is 79m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in Chafford Hundred, based on EPC data. The below chart shows the distribution of detached houses by size in Chafford Hundred, and where 196 DRAKE ROAD lies on this distribution: 9% of detached houses are smaller than 196 DRAKE ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

196 DRAKE ROAD: Plot and Title Map

196 DRAKE ROAD sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 196 DRAKE 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 196 DRAKE 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 196 DRAKE ROAD?

196 DRAKE ROAD is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 196 on DRAKE ROAD.