2, LAUREL DRIVE, SOUTH OCKENDON, RM15 6XH - £395,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 LAUREL DRIVE is a midsized extended detached house of 103m², built sometime between 1991 and 1995. It was last sold for £395,000 in November 2016, which was around 19% below the average November 2016 detached price in the Thurrock local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

2 LAUREL DRIVE Sold Prices

Land registry data shows three sales for 2 LAUREL DRIVE 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 2 LAUREL DRIVE 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
2016 25 NOV	£395,000	£485,247	19% below HPI
2002 25 OCT	£183,000	£222,369	18% below HPI
1997 27 MAR	£91,495	£98,690	7% below HPI

2 LAUREL DRIVE 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 2 LAUREL DRIVE sales between March 1997 and November 2016 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 October 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2016 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 LAUREL DRIVE?

2 LAUREL DRIVE is 103m², which includes two extensions, according to the EPC inspection conducted in September 2015. This puts it in the largest 50% of detached houses in South Ockendon, based on EPC data. The below chart shows the distribution of detached houses by size in South Ockendon, and where 2 LAUREL DRIVE lies on this distribution: 49% of detached houses are smaller than 2 LAUREL DRIVE, and 50% of houses are larger. Note that EPC data is not available for all properties in South Ockendon.

2 LAUREL DRIVE: Plot and Title Map

2 LAUREL DRIVE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 2 LAUREL DRIVE, 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 LAUREL DRIVE). 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 LAUREL DRIVE?

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