50, WELLING ROAD, ORSETT, GRAYS, RM16 3DW - £360,000

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

50 WELLING ROAD is a very small detached house of 71m², built sometime between 1983 and 1990. It was last sold for £360,000 in July 2017, which was around 25% below the average July 2017 detached price in the Thurrock local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

50 WELLING ROAD Sold Prices

Land registry data shows four sales for 50 WELLING ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. All of the four 50 WELLING 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 28 JUL	£360,000	£479,621	25% below HPI
2014 30 APR	£249,995	£328,103	24% below HPI
2005 29 JUL	£228,000	£292,971	22% below HPI
1996 11 OCT	£85,995	£95,625	10% below HPI

50 WELLING 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 four 50 WELLING ROAD sales between October 1996 and July 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 April 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 50 WELLING ROAD?

50 WELLING ROAD is 71m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of detached houses in Southfields, based on EPC data. The below chart shows the distribution of detached houses by size in Southfields, and where 50 WELLING ROAD lies on this distribution: 7% of detached houses are smaller than 50 WELLING ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Southfields.

50 WELLING ROAD: Plot and Title Map

50 WELLING ROAD sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 50 WELLING 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 50 WELLING 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 50 WELLING ROAD?

50 WELLING ROAD is located in ORSETT, in the RM16 postcode district. The below map shows the position of No. 50 on WELLING ROAD.