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

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

4 DRAKE ROAD is a small detached house of 98m², built sometime between 1983 and 1990. It was last sold for £388,000 in November 2017, which was around 23% 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	£501,570	23% below HPI
2009 3 JUL	£255,000	£278,292	8% below HPI
2001 23 MAR	£158,000	£165,598	5% 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 23% below the HPI. The line then continues to track at 23% below the HPI.

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 in Chafford Hundred, based on EPC data. The below chart shows the distribution of detached houses by size in Chafford Hundred, and where 4 DRAKE ROAD lies on this distribution: 23% of detached 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.