4, DRAKE ROAD, CHAFFORD HUNDRED, GRAYS, RM16 6PP - £388,000

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.

4 DRAKE ROAD is a small detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £468,514. It was last sold for £388,000 in November 2017, which was around 22% below the average November 2017 detached price in the Thurrock local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

4 DRAKE ROAD Sold Prices

Land registry data shows three sales for 4 DRAKE 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. All of the three 4 DRAKE ROAD 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
2017 9 NOV	£388,000	£497,630	22% below HPI
2009 3 JUL	£255,000	£276,106	8% below HPI
2001 23 MAR	£158,000	£164,298	4% below HPI

4 DRAKE 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 4 DRAKE ROAD sales between March 2001 and November 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 July 2009 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2017 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 4 DRAKE ROAD be worth now?

4 DRAKE ROAD might now be worth an estimated £468,514.

This is based on house price inflation of 20.8%, between November 2017 and February 2025, 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 20.8% inflationary increase is applied to the most recent sale price for 4 DRAKE ROAD of £388,000 on 9th November 2017. For the value to have increased from £388,000 to £468,514 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 DRAKE ROAD has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The November 2017 sale price of £388,000 represented a fair market value for the property.
• The size, condition, and specification of 4 DRAKE ROAD has not materially changed since November 2017.

How Large is 4 DRAKE ROAD?

4 DRAKE ROAD is 98m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 30% of detached houses houses in Chafford Hundred, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chafford Hundred, and where 4 DRAKE ROAD lies on this distribution: 23% of detached houses houses are smaller than 4 DRAKE ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

4 DRAKE ROAD: Plot and Title Map

4 DRAKE ROAD sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 4 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 4 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 4 DRAKE ROAD?

4 DRAKE ROAD is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 4 on DRAKE ROAD.