8, THE SPINNEY, ORSETT, GRAYS, RM16 3EJ - £600,000

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.

8 THE SPINNEY is a very small extended detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £720,406. It was last sold for £600,000 in June 2019, which was around 20% above the average June 2019 detached price in the Thurrock local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

8 THE SPINNEY Sold Prices

Land registry data shows three sales for 8 THE SPINNEY 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. Two of the three 8 THE SPINNEY sales were for above the average price, whilst one was 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
2019 20 JUN	£600,000	£500,462	20% above HPI
2016 21 OCT	£435,000	£481,370	10% below HPI
2015 15 MAY	£425,000	£381,164	12% above HPI

8 THE SPINNEY 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 8 THE SPINNEY sales between May 2015 and June 2019 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 October 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2019 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 8 THE SPINNEY be worth now?

8 THE SPINNEY might now be worth an estimated £720,406.

This is based on house price inflation of 20.1%, between June 2019 and February 2025, 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 20.1% inflationary increase is applied to the most recent sale price for 8 THE SPINNEY of £600,000 on 20th June 2019. For the value to have increased from £600,000 to £720,406 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 8 THE SPINNEY has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The June 2019 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE SPINNEY has not materially changed since June 2019.

How Large is 8 THE SPINNEY?

8 THE SPINNEY is 110m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 20% of detached houses houses in Orsett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Orsett, and where 8 THE SPINNEY lies on this distribution: 12% of detached houses houses are smaller than 8 THE SPINNEY, and 87% of houses are larger. Note that EPC data is not available for all properties in Orsett.

8 THE SPINNEY: Plot and Title Map

8 THE SPINNEY sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 8 THE SPINNEY, 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 8 THE SPINNEY). 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 8 THE SPINNEY?

8 THE SPINNEY is located in ORSETT, in the RM16 postcode district. The below map shows the position of No. 8 on THE SPINNEY.