7, MEAD CLOSE, GRAYS, RM16 2TR - £380,000

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.

7 MEAD CLOSE is a midsized extended semi-detached house of 109m², built sometime between 1950 and 1966, which could now be worth an estimated £436,946. It was last sold for £380,000 in February 2021, which was around 8% above the average February 2021 semi-detached price in the Thurrock local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

7 MEAD CLOSE Sold Prices

Land registry data shows three sales for 7 MEAD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Thurrock local authority area for the corresponding sale date. All of the three 7 MEAD CLOSE sales were for above 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
2021 12 FEB	£380,000	£351,545	8% above HPI
2006 4 MAY	£249,995	£193,056	29% above HPI
2003 6 JUN	£175,000	£159,422	10% above HPI

7 MEAD CLOSE 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 three 7 MEAD CLOSE sales between June 2003 and February 2021 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 May 2006 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the February 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 7 MEAD CLOSE be worth now?

7 MEAD CLOSE might now be worth an estimated £436,946.

This is based on house price inflation of 15%, between February 2021 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 15% inflationary increase is applied to the most recent sale price for 7 MEAD CLOSE of £380,000 on 12th February 2021. For the value to have increased from £380,000 to £436,946 over the four years to February 2025, the following assumptions must hold true:

• The value of 7 MEAD CLOSE has moved in line with the HPI for semi-detached houses in the Thurrock local authority area.
• The February 2021 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MEAD CLOSE has not materially changed since February 2021.

How Large is 7 MEAD CLOSE?

7 MEAD CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of semi-detached houses houses in Grays, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Grays, and where 7 MEAD CLOSE lies on this distribution: 53% of semi-detached houses houses are smaller than 7 MEAD CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Grays.

7 MEAD CLOSE: Plot and Title Map

7 MEAD CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 7 MEAD 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 7 MEAD 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 7 MEAD CLOSE?

7 MEAD CLOSE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 7 on MEAD CLOSE.