8, WELLING ROAD, ORSETT, GRAYS, RM16 3DF - £295,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 WELLING ROAD is a midsized extended detached house of 109m², built sometime between 1976 and 1982. It was last sold for £295,000 in November 2014, which was around 19% below the average November 2014 detached price in the Thurrock local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

8 WELLING ROAD Sold Prices

Land registry data shows four sales for 8 WELLING ROAD 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 8 WELLING 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
2014 21 NOV	£295,000	£366,108	19% below HPI
2006 1 MAR	£250,000	£289,208	14% below HPI
2002 24 OCT	£215,000	£222,369	3% below HPI
1996 13 DEC	£93,000	£95,234	2% below HPI

8 WELLING 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 four 8 WELLING ROAD sales between December 1996 and November 2014 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 March 2006 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2014 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 8 WELLING ROAD?

8 WELLING ROAD is 109m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the largest 50% of detached houses in Southfields, based on EPC data. The below chart shows the distribution of detached houses by size in Southfields, and where 8 WELLING ROAD lies on this distribution: 54% of detached houses are smaller than 8 WELLING ROAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Southfields.

8 WELLING ROAD: Plot and Title Map

8 WELLING ROAD sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 8 WELLING 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 8 WELLING 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 8 WELLING ROAD?

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