224, LONG LANE, GRAYS, RM16 2QB - £310,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

224 LONG LANE is a small extended semi-detached house of 93m², built sometime between 1930 and 1949. It was last sold for £310,000 in July 2015, which was around 22% below the average July 2015 detached price in the Thurrock local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

224 LONG LANE Sold Prices

Land registry data shows two sales for 224 LONG LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. Both of the two 224 LONG LANE 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
2015 3 JUL	£310,000	£395,552	22% below HPI
1998 18 DEC	£103,000	£115,239	11% below HPI

224 LONG LANE 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 two 224 LONG LANE sales from December 1998 and July 2015 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 December 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2015 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 224 LONG LANE?

224 LONG LANE is 93m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 40% of detached houses in Grays, based on EPC data. The below chart shows the distribution of detached houses by size in Grays, and where 224 LONG LANE lies on this distribution: 31% of detached houses are smaller than 224 LONG LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Grays.

224 LONG LANE: Plot and Title Map

224 LONG LANE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 224 LONG LANE, 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 224 LONG LANE). 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 224 LONG LANE?

224 LONG LANE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 224 on LONG LANE.