FINBARN, MILL ROAD, AVELEY, SOUTH OCKENDON, RM15 4SJ - £385,000

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

FINBARN is a very small detached house of 88m², built sometime between 1950 and 1966. It was last sold for £385,000 in January 2021, which was around 29% below the average January 2021 detached price in the Thurrock local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

FINBARN Sold Prices

Land registry data shows two sales for FINBARN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. Both of the two FINBARN 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 13 JAN	£385,000	£544,479	29% below HPI
2004 1 SEP	£208,000	£288,790	28% below HPI

FINBARN 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 two FINBARN sales from September 2004 and January 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 2004 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is FINBARN?

FINBARN is 88m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses in Aveley, based on EPC data. The below chart shows the distribution of detached houses by size in Aveley, and where FINBARN lies on this distribution: 15% of detached houses are smaller than FINBARN, and 85% of houses are larger. Note that EPC data is not available for all properties in Aveley.

FINBARN: Plot and Title Map

FINBARN sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of FINBARN, 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 FINBARN). 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 FINBARN?

FINBARN is located on MILL ROAD in AVELEY, in the RM15 postcode district. The below map shows the position of FINBARN on MILL ROAD.