68, DRAKE ROAD, CHAFFORD HUNDRED, GRAYS, RM16 6PS - £460,000

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

68 DRAKE ROAD is a very small extended detached house of 72m², built sometime between 1996 and 2002. It was last sold for £460,000 in July 2023, which was around 25% below the average July 2023 detached price in the Thurrock local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

68 DRAKE ROAD Sold Prices

Land registry data shows three sales for 68 DRAKE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. All of the three 68 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
2023 14 JUL	£460,000	£612,229	25% below HPI
2007 11 DEC	£250,000	£336,263	26% below HPI
1995 12 MAY	£78,000	£92,438	16% below HPI

68 DRAKE 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 three 68 DRAKE ROAD sales between May 1995 and July 2023 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 December 2007 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 68 DRAKE ROAD?

68 DRAKE ROAD is 72m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Chafford Hundred, based on EPC data. The below chart shows the distribution of detached houses by size in Chafford Hundred, and where 68 DRAKE ROAD lies on this distribution: 5% of detached houses are smaller than 68 DRAKE ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

68 DRAKE ROAD: Plot and Title Map

68 DRAKE ROAD sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 68 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 68 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 68 DRAKE ROAD?

68 DRAKE ROAD is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 68 on DRAKE ROAD.