24, CHESTNUT AVENUE, GRAYS, RM16 2UJ - £572,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 CHESTNUT AVENUE is a small detached house of 97m², built sometime between 1930 and 1949. It was last sold for £572,500 in September 2023, which was around 6% below the average September 2023 detached price in the Thurrock local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

24 CHESTNUT AVENUE Sold Prices

Land registry data shows three sales for 24 CHESTNUT AVENUE 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 24 CHESTNUT AVENUE 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
2023 22 SEP	£572,500	£611,671	6% below HPI
2004 22 JUL	£280,000	£278,398	1% above HPI
1999 3 SEP	£47,500	£124,604	62% below HPI

24 CHESTNUT AVENUE 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 24 CHESTNUT AVENUE sales between September 1999 and September 2023 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 July 2004 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2023 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 24 CHESTNUT AVENUE be worth now?

24 CHESTNUT AVENUE might now be worth an estimated £555,413.

This is based on house price deflation of 3%, between September 2023 and December 2024, for 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 3% deflationary decrease is applied to the most recent sale price for 24 CHESTNUT AVENUE of £572,500 on 22nd September 2023. For the value to have decreased from £572,500 to £555,413 over the nine months to December 2024, the following assumptions must hold true:

• The value of 24 CHESTNUT AVENUE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The September 2023 sale price of £572,500 represented a fair market value for the property.
• The size, condition, and specification of 24 CHESTNUT AVENUE has not materially changed since September 2023.

How Large is 24 CHESTNUT AVENUE?

24 CHESTNUT AVENUE is 97m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses houses in Grays, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grays, and where 24 CHESTNUT AVENUE lies on this distribution: 35% of detached houses houses are smaller than 24 CHESTNUT AVENUE, and 64% of houses are larger. Note that EPC data is not available for all properties in Grays.

24 CHESTNUT AVENUE: Plot and Title Map

24 CHESTNUT AVENUE sits on a plot of roughly 0.184 of an acre, or 743m². The below map shows the location of 24 CHESTNUT AVENUE, 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 24 CHESTNUT AVENUE). 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 24 CHESTNUT AVENUE?

24 CHESTNUT AVENUE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 24 on CHESTNUT AVENUE.