5, CONRAD CLOSE, GRAYS, RM16 2TW - £500,000

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

5 CONRAD CLOSE is a midsized detached house of 106m², built sometime between 1983 and 1990. It was last sold for £500,000 in March 2021, which was around 5% below the average March 2021 detached price in the Thurrock local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

5 CONRAD CLOSE Sold Prices

Land registry data shows three sales for 5 CONRAD CLOSE 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 5 CONRAD CLOSE 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
2021 26 MAR	£500,000	£527,536	5% below HPI
2017 10 NOV	£425,000	£497,630	15% below HPI
2006 11 JUL	£250,000	£292,814	15% below HPI

5 CONRAD CLOSE 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 5 CONRAD CLOSE sales between July 2006 and March 2021 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 November 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 5 CONRAD CLOSE be worth now?

5 CONRAD CLOSE might now be worth an estimated £562,440.

This is based on house price inflation of 12.5%, between March 2021 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 12.5% inflationary increase is applied to the most recent sale price for 5 CONRAD CLOSE of £500,000 on 26th March 2021. For the value to have increased from £500,000 to £562,440 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 5 CONRAD CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The March 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CONRAD CLOSE has not materially changed since March 2021.

How Large is 5 CONRAD CLOSE?

5 CONRAD CLOSE is 106m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 50% 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 5 CONRAD CLOSE lies on this distribution: 48% of detached houses houses are smaller than 5 CONRAD CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Grays.

5 CONRAD CLOSE: Plot and Title Map

5 CONRAD CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 5 CONRAD CLOSE, 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 5 CONRAD CLOSE). 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 5 CONRAD CLOSE?

5 CONRAD CLOSE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 5 on CONRAD CLOSE.