6, MONTGOMERY CLOSE, GRAYS, RM16 2ER - £515,000

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

6 MONTGOMERY CLOSE is a very small extended detached house of 74m², built sometime between 1976 and 1982. It was last sold for £515,000 in May 2024, which was around 12% below the average May 2024 detached price in the Thurrock local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

6 MONTGOMERY CLOSE Sold Prices

Land registry data shows four sales for 6 MONTGOMERY CLOSE 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 6 MONTGOMERY 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
2024 2 MAY	£515,000	£583,369	12% below HPI
2013 22 NOV	£266,000	£319,287	17% below HPI
2006 31 AUG	£250,000	£293,186	15% below HPI
2005 16 DEC	£260,000	£288,509	10% below HPI

6 MONTGOMERY 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 four 6 MONTGOMERY CLOSE sales between December 2005 and May 2024 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 2013 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 6 MONTGOMERY CLOSE be worth now?

6 MONTGOMERY CLOSE might now be worth an estimated £523,869.

This is based on house price inflation of 1.7%, between May 2024 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 1.7% inflationary increase is applied to the most recent sale price for 6 MONTGOMERY CLOSE of £515,000 on 2nd May 2024. For the value to have increased from £515,000 to £523,869 over the five months to December 2024, the following assumptions must hold true:

• The value of 6 MONTGOMERY CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The May 2024 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MONTGOMERY CLOSE has not materially changed since May 2024.

How Large is 6 MONTGOMERY CLOSE?

6 MONTGOMERY CLOSE is 74m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% 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 6 MONTGOMERY CLOSE lies on this distribution: 8% of detached houses houses are smaller than 6 MONTGOMERY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Grays.

6 MONTGOMERY CLOSE: Plot and Title Map

6 MONTGOMERY CLOSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 6 MONTGOMERY 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 6 MONTGOMERY 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 6 MONTGOMERY CLOSE?

6 MONTGOMERY CLOSE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 6 on MONTGOMERY CLOSE.