56, DRAKE ROAD, CHAFFORD HUNDRED, GRAYS, RM16 6PS - £174,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

56 DRAKE ROAD is a very small semi-detached house of 55m², which could now be worth an estimated £377,699. It was last sold for £174,000 in March 2010, which was around 7% below the average March 2010 semi-detached price in the Thurrock local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

56 DRAKE ROAD Sold Prices

Land registry data shows four sales for 56 DRAKE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Thurrock local authority area for the corresponding sale date. Most of the four 56 DRAKE 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
2010 18 MAR	£174,000	£186,221	7% below HPI
2005 4 NOV	£163,500	£186,310	12% below HPI
2003 23 SEP	£148,000	£166,345	11% below HPI
1995 30 JUN	£65,000	£57,177	14% above HPI

56 DRAKE ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Thurrock local authority area over time, sourced from the HPI. The four 56 DRAKE ROAD sales between June 1995 and March 2010 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 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2010 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 56 DRAKE ROAD be worth now?

56 DRAKE ROAD might now be worth an estimated £377,699.

This is based on house price inflation of 117.1%, between March 2010 and February 2025, for semi-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 117.1% inflationary increase is applied to the most recent sale price for 56 DRAKE ROAD of £174,000 on 18th March 2010. For the value to have increased from £174,000 to £377,699 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of 56 DRAKE ROAD has moved in line with the HPI for semi-detached houses in the Thurrock local authority area.
• The March 2010 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 56 DRAKE ROAD has not materially changed since March 2010.

How Large is 56 DRAKE ROAD?

56 DRAKE ROAD is 55m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 10% of semi-detached houses houses in Chafford Hundred, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chafford Hundred, and where 56 DRAKE ROAD lies on this distribution: 1% of semi-detached houses houses are smaller than 56 DRAKE ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

56 DRAKE ROAD: Plot and Title Map

56 DRAKE ROAD sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 56 DRAKE 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 56 DRAKE 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 56 DRAKE ROAD?

56 DRAKE ROAD is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 56 on DRAKE ROAD.