3, DRAKE ROAD, CHAFFORD HUNDRED, GRAYS, RM16 6PS - £170,000

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.

3 DRAKE ROAD is a very small semi-detached house of 72m², built sometime between 1991 and 1995, which could now be worth an estimated £410,498. It was last sold for £170,000 in October 2003, which was around 2% above the average October 2003 semi-detached price in the Thurrock local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

3 DRAKE ROAD Sold Prices

Land registry data shows five sales for 3 DRAKE ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Thurrock local authority area for the corresponding sale date. All of the five 3 DRAKE ROAD sales 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
2003 10 OCT	£170,000	£167,403	2% above HPI
2002 23 JUL	£143,000	£129,534	10% above HPI
2002 30 APR	£132,995	£119,057	12% above HPI
2000 30 MAY	£97,000	£87,634	11% above HPI
1996 26 APR	£55,500	£52,765	5% above HPI

3 DRAKE ROAD 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 five 3 DRAKE ROAD sales between April 1996 and October 2003 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 2002 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2003 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 3 DRAKE ROAD be worth now?

3 DRAKE ROAD might now be worth an estimated £410,498.

This is based on house price inflation of 141.5%, between October 2003 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 141.5% inflationary increase is applied to the most recent sale price for 3 DRAKE ROAD of £170,000 on 10th October 2003. For the value to have increased from £170,000 to £410,498 over the 22 years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 DRAKE ROAD has moved in line with the HPI for semi-detached houses in the Thurrock local authority area.
• The October 2003 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DRAKE ROAD has not materially changed since October 2003.

How Large is 3 DRAKE ROAD?

3 DRAKE ROAD is 72m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% of semi-detached houses houses in Chafford Hundred, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chafford Hundred, and where 3 DRAKE ROAD lies on this distribution: 5% of semi-detached houses houses are smaller than 3 DRAKE ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

3 DRAKE ROAD: Plot and Title Map

3 DRAKE ROAD sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 3 DRAKE 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 3 DRAKE 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 3 DRAKE ROAD?

3 DRAKE ROAD is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 3 on DRAKE ROAD.