2, BUTTELL CLOSE, GRAYS, RM17 6UN - £525,000

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

2 BUTTELL CLOSE is a small detached house of 97m², built sometime between 1996 and 2002. It was last sold for £525,000 in May 2022, which was around 11% below the average May 2022 detached price in the Thurrock local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

2 BUTTELL CLOSE Sold Prices

Land registry data shows four sales for 2 BUTTELL CLOSE 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. Most of the four 2 BUTTELL 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
2022 27 MAY	£525,000	£590,712	11% below HPI
2014 1 JUL	£300,000	£335,676	11% below HPI
2003 16 DEC	£227,500	£274,185	17% below HPI
1999 28 JUN	£139,995	£116,420	20% above HPI

2 BUTTELL 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 four 2 BUTTELL CLOSE sales between June 1999 and May 2022 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 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2022 sale, which was also at 11% below the HPI.

What might 2 BUTTELL CLOSE be worth now?

2 BUTTELL CLOSE might now be worth an estimated £527,402.

This is based on house price inflation of 0.5%, between May 2022 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 0.5% inflationary increase is applied to the most recent sale price for 2 BUTTELL CLOSE of £525,000 on 27th May 2022. For the value to have increased from £525,000 to £527,402 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 2 BUTTELL CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The May 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BUTTELL CLOSE has not materially changed since May 2022.

How Large is 2 BUTTELL CLOSE?

2 BUTTELL CLOSE is 97m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 40% 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 2 BUTTELL CLOSE lies on this distribution: 35% of detached houses houses are smaller than 2 BUTTELL CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Grays.

2 BUTTELL CLOSE: Plot and Title Map

2 BUTTELL CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 2 BUTTELL 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 2 BUTTELL 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 2 BUTTELL CLOSE?

2 BUTTELL CLOSE is located in GRAYS, in the RM17 postcode district. The below map shows the position of No. 2 on BUTTELL CLOSE.