53, PALMERS DRIVE, GRAYS, RM17 5RA - £250,000

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

53 PALMERS DRIVE is a large extended detached house of 126m², built sometime between 1991 and 1995. It was last sold for £250,000 in June 2005, which was around 12% below the average June 2005 detached price in the Thurrock local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

53 PALMERS DRIVE Sold Prices

Land registry data shows two sales for 53 PALMERS DRIVE 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 53 PALMERS DRIVE 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
2005 10 JUN	£250,000	£284,840	12% below HPI
2002 22 NOV	£190,000	£228,807	17% below HPI

53 PALMERS DRIVE 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 53 PALMERS DRIVE sales from November 2002 and June 2005 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 2002 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2005 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 53 PALMERS DRIVE be worth now?

53 PALMERS DRIVE might now be worth an estimated £520,832.

This is based on house price inflation of 108.3%, between June 2005 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 108.3% inflationary increase is applied to the most recent sale price for 53 PALMERS DRIVE of £250,000 on 10th June 2005. For the value to have increased from £250,000 to £520,832 over the eighteen years and six months to December 2024, the following assumptions must hold true:

• The value of 53 PALMERS DRIVE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The June 2005 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 53 PALMERS DRIVE has not materially changed since June 2005.

How Large is 53 PALMERS DRIVE?

53 PALMERS DRIVE is 126m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 30% 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 53 PALMERS DRIVE lies on this distribution: 71% of detached houses houses are smaller than 53 PALMERS DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Grays.

53 PALMERS DRIVE: Plot and Title Map

53 PALMERS DRIVE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 53 PALMERS DRIVE, 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 53 PALMERS DRIVE). 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 53 PALMERS DRIVE?

53 PALMERS DRIVE is located in GRAYS, in the RM17 postcode district. The below map shows the position of No. 53 on PALMERS DRIVE.