9, PENN CLOSE, ORSETT, GRAYS, RM16 3ED - £700,000

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

9 PENN CLOSE is a small extended detached house of 137m², built sometime between 1967 and 1975. It was last sold for £700,000 in April 2023, which was around 13% above the average April 2023 detached price in the Thurrock local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

9 PENN CLOSE Sold Prices

Land registry data shows three sales for 9 PENN CLOSE 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 9 PENN 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
2023 28 APR	£700,000	£622,121	13% above HPI
2015 1 JUN	£512,500	£390,464	31% above HPI
2006 25 OCT	£381,000	£300,367	27% above HPI

9 PENN 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 three 9 PENN CLOSE sales between October 2006 and April 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 June 2015 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the April 2023 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 9 PENN CLOSE?

9 PENN CLOSE is 137m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 30% of detached houses in Orsett, based on EPC data. The below chart shows the distribution of detached houses by size in Orsett, and where 9 PENN CLOSE lies on this distribution: 30% of detached houses are smaller than 9 PENN CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Orsett.

9 PENN CLOSE: Plot and Title Map

9 PENN CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 9 PENN 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 9 PENN 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 9 PENN CLOSE?

9 PENN CLOSE is located in ORSETT, in the RM16 postcode district. The below map shows the position of No. 9 on PENN CLOSE.