2, RAINBOW ROAD, CHAFFORD HUNDRED, GRAYS, RM16 6NG - £468,000

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

2 RAINBOW ROAD is a small detached house of 107m², built sometime between 1996 and 2002. It was last sold for £468,000 in June 2017, which was around 1% below the average June 2017 detached price in the Thurrock local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

2 RAINBOW ROAD Sold Prices

Land registry data shows three sales for 2 RAINBOW ROAD 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. One of the three 2 RAINBOW ROAD sales was for below the average price, whilst two were 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
2017 2 JUN	£468,000	£474,224	1% below HPI
2009 18 SEP	£308,000	£282,052	9% above HPI
1998 27 NOV	£153,500	£115,957	32% above HPI

2 RAINBOW 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 three 2 RAINBOW ROAD sales between November 1998 and June 2017 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 September 2009 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2017 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 2 RAINBOW ROAD?

2 RAINBOW ROAD is 107m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% of detached houses in South Stifford, based on EPC data. The below chart shows the distribution of detached houses by size in South Stifford, and where 2 RAINBOW ROAD lies on this distribution: 37% of detached houses are smaller than 2 RAINBOW ROAD, and 61% of houses are larger. Note that EPC data is not available for all properties in South Stifford.

2 RAINBOW ROAD: Plot and Title Map

2 RAINBOW ROAD sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 2 RAINBOW 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 2 RAINBOW 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 2 RAINBOW ROAD?

2 RAINBOW ROAD is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 2 on RAINBOW ROAD.