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

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.

FAIRWAY is a midsized detached house of 109m², built in 2021, which could now be worth an estimated £434,875. It was last sold for £425,000 in December 2021, which was around 26% 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	£578,157	26% below HPI
2020 25 SEP	£175,000	£525,936	67% below HPI
2019 11 OCT	£76,660	£508,313	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 26% below the HPI. The line then continues to track at 26% below the HPI.

What might FAIRWAY be worth now?

FAIRWAY might now be worth an estimated £434,875.

This is based on house price inflation of 2.3%, between December 2021 and March 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 2.3% inflationary increase is applied to the most recent sale price for FAIRWAY of £425,000 on 15th December 2021. For the value to have increased from £425,000 to £434,875 over the four years and nine months to March 2025, the following assumptions must hold true:

• The value of FAIRWAY has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The December 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAY has not materially changed since December 2021.

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 houses in Southfields, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southfields, and where FAIRWAY lies on this distribution: 53% of detached houses houses are smaller than FAIRWAY, and 46% 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.