2, PAYNES COTTAGES, HIGH ROAD, FOBBING, STANFORD-LE-HOPE, SS17 9JQ - £240,000

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.

2 PAYNES COTTAGES is a very small extended semi-detached house of 69m², built sometime before 1900, which could now be worth an estimated £286,235. It was last sold for £240,000 in June 2020, which was around 29% below the average June 2020 semi-detached price in the Thurrock local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

2 PAYNES COTTAGES Sold Prices

Land registry data shows two sales for 2 PAYNES COTTAGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Thurrock local authority area for the corresponding sale date. Both of the two 2 PAYNES COTTAGES 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
2020 15 JUN	£240,000	£338,933	29% below HPI
2008 10 OCT	£150,000	£201,153	25% below HPI

2 PAYNES COTTAGES Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Thurrock local authority area over time, sourced from the HPI. The two 2 PAYNES COTTAGES sales from October 2008 and June 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 October 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 PAYNES COTTAGES be worth now?

2 PAYNES COTTAGES might now be worth an estimated £286,235.

This is based on house price inflation of 19.3%, between June 2020 and February 2025, for semi-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 19.3% inflationary increase is applied to the most recent sale price for 2 PAYNES COTTAGES of £240,000 on 15th June 2020. For the value to have increased from £240,000 to £286,235 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 2 PAYNES COTTAGES has moved in line with the HPI for semi-detached houses in the Thurrock local authority area.
• The June 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PAYNES COTTAGES has not materially changed since June 2020.

How Large is 2 PAYNES COTTAGES?

2 PAYNES COTTAGES is 69m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of semi-detached houses houses in Fobbing, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Fobbing, and where 2 PAYNES COTTAGES lies on this distribution: 7% of semi-detached houses houses are smaller than 2 PAYNES COTTAGES, and 93% of houses are larger. Note that EPC data is not available for all properties in Fobbing.

2 PAYNES COTTAGES: Plot and Title Map

2 PAYNES COTTAGES sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 2 PAYNES COTTAGES, 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 PAYNES COTTAGES). 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 PAYNES COTTAGES?

2 PAYNES COTTAGES is located on HIGH ROAD in FOBBING, in the SS17 postcode district. The below map shows the position of 2 PAYNES COTTAGES on HIGH ROAD.