48, LEASWAY, GRAYS, RM16 2HH - £510,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

48 LEASWAY is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £510,000 in May 2023, which was around 16% below the average May 2023 detached price in the Thurrock local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

48 LEASWAY Sold Prices

Land registry data shows two sales for 48 LEASWAY 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 48 LEASWAY 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
2023 12 MAY	£510,000	£606,588	16% below HPI
2022 20 JUN	£390,000	£597,219	35% below HPI

48 LEASWAY 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 48 LEASWAY sales from June 2022 and May 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 June 2022 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2023 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 48 LEASWAY?

48 LEASWAY is 70m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of detached houses in Grays, based on EPC data. The below chart shows the distribution of detached houses by size in Grays, and where 48 LEASWAY lies on this distribution: 5% of detached houses are smaller than 48 LEASWAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Grays.

48 LEASWAY: Plot and Title Map

48 LEASWAY sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 48 LEASWAY, 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 48 LEASWAY). 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 48 LEASWAY?

48 LEASWAY is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 48 on LEASWAY.