2, ASPEN WAY, SOUTH OCKENDON, RM15 6TX - £402,500

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

2 ASPEN WAY is a small detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £479,217. It was last sold for £402,500 in March 2018, which was around 20% below the average March 2018 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 B.

2 ASPEN WAY Sold Prices

Land registry data shows two sales for 2 ASPEN WAY 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 2 ASPEN WAY 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
2018 16 MAR	£402,500	£504,697	20% below HPI
1998 28 AUG	£125,000	£112,540	11% above HPI

2 ASPEN WAY 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 2 ASPEN WAY sales from August 1998 and March 2018 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 August 1998 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2018 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 ASPEN WAY be worth now?

2 ASPEN WAY might now be worth an estimated £479,217.

This is based on house price inflation of 19.1%, between March 2018 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 19.1% inflationary increase is applied to the most recent sale price for 2 ASPEN WAY of £402,500 on 16th March 2018. For the value to have increased from £402,500 to £479,217 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 2 ASPEN WAY has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The March 2018 sale price of £402,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ASPEN WAY has not materially changed since March 2018.

How Large is 2 ASPEN WAY?

2 ASPEN WAY is 92m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% of detached houses houses in South Ockendon, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Ockendon, and where 2 ASPEN WAY lies on this distribution: 30% of detached houses houses are smaller than 2 ASPEN WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in South Ockendon.

2 ASPEN WAY: Plot and Title Map

2 ASPEN WAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 2 ASPEN WAY, 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 2 ASPEN WAY). 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 2 ASPEN WAY?

2 ASPEN WAY is located in SOUTH OCKENDON, in the RM15 postcode district. The below map shows the position of No. 2 on ASPEN WAY.