FAIRWAY, GROSVENOR ROAD, ORSETT, GRAYS, RM16 3BT - £425,000

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

FAIRWAY is a midsized detached house of 109m², built in 2021. It was last sold for £425,000 in December 2021, which was around 27% below the average December 2021 detached price in the Thurrock local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was A.

FAIRWAY Sold Prices

Land registry data shows three sales for FAIRWAY 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 FAIRWAY 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
2021 15 DEC	£425,000	£582,734	27% below HPI
2020 25 SEP	£175,000	£530,100	67% below HPI
2019 11 OCT	£76,660	£512,337	85% below HPI

FAIRWAY 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 FAIRWAY sales between October 2019 and December 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 September 2020 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the December 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is FAIRWAY?

FAIRWAY is 109m² according to the EPC inspection conducted in June 2021. 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 FAIRWAY lies on this distribution: 54% of detached houses are smaller than FAIRWAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Southfields.

FAIRWAY: Plot and Title Map

FAIRWAY sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of FAIRWAY, 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 FAIRWAY). 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 FAIRWAY?

FAIRWAY is located on GROSVENOR ROAD in ORSETT, in the RM16 postcode district. The below map shows the position of FAIRWAY on GROSVENOR ROAD.