2, ROWAN WAY, SOUTH OCKENDON, RM15 6TB - £430,000

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 ROWAN WAY is a very small detached house of 62m², built sometime between 1991 and 1995. It was last sold for £430,000 in January 2022, which was around 25% below the average January 2022 detached price in the Thurrock local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

2 ROWAN WAY Sold Prices

Land registry data shows three sales for 2 ROWAN WAY 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. Two of the three 2 ROWAN WAY sales were for below the average price, whilst one 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
2022 24 JAN	£430,000	£576,464	25% below HPI
2001 2 FEB	£120,000	£163,334	27% below HPI
1995 26 MAY	£94,950	£92,438	3% above HPI

2 ROWAN 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 three 2 ROWAN WAY sales between May 1995 and January 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 February 2001 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 ROWAN WAY?

2 ROWAN WAY is 62m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 10% 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 ROWAN WAY lies on this distribution: 1% of detached houses are smaller than 2 ROWAN WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in South Ockendon.

2 ROWAN WAY: Plot and Title Map

2 ROWAN WAY sits on a plot of roughly 0.068 of an acre, or 273m². The below map shows the location of 2 ROWAN 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 ROWAN 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 ROWAN WAY?

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