5, HOPEWELL CLOSE, CHAFFORD HUNDRED, GRAYS, RM16 6EL - £327,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 HOPEWELL CLOSE is a very small detached house of 83m², built sometime between 1996 and 2002. It was last sold for £327,500 in February 2016, which was around 26% below the average February 2016 detached price in the Thurrock local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

5 HOPEWELL CLOSE Sold Prices

Land registry data shows two sales for 5 HOPEWELL CLOSE 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 5 HOPEWELL 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
2016 19 FEB	£327,500	£440,764	26% below HPI
2002 12 APR	£180,000	£199,544	10% below HPI

5 HOPEWELL 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 two 5 HOPEWELL CLOSE sales from April 2002 and February 2016 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 April 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 HOPEWELL CLOSE?

5 HOPEWELL CLOSE is 83m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses in South Stifford, based on EPC data. The below chart shows the distribution of detached houses by size in South Stifford, and where 5 HOPEWELL CLOSE lies on this distribution: 13% of detached houses are smaller than 5 HOPEWELL CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in South Stifford.

5 HOPEWELL CLOSE: Plot and Title Map

5 HOPEWELL CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 5 HOPEWELL 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 HOPEWELL 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 HOPEWELL CLOSE?

5 HOPEWELL CLOSE is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 5 on HOPEWELL CLOSE.