HARWOOD, CHESTNUT AVENUE, GRAYS, RM16 2UJ - £500,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HARWOOD is a very large extended detached house of 266m², built sometime between 1967 and 1975. It was last sold for £500,000 in October 2014, which was around 41% above the average October 2014 detached price in the Thurrock local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was D.

HARWOOD Sold Prices

Land registry data shows three sales for HARWOOD 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 HARWOOD 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
2014 3 OCT	£500,000	£355,043	41% above HPI
2002 28 FEB	£295,000	£194,495	52% above HPI
1996 31 JAN	£178,000	£92,454	93% above HPI

HARWOOD 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 HARWOOD sales between January 1996 and October 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 February 2002 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the October 2014 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might HARWOOD be worth now?

HARWOOD might now be worth an estimated £835,695.

This is based on house price inflation of 67.1%, between October 2014 and December 2024, 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 67.1% inflationary increase is applied to the most recent sale price for HARWOOD of £500,000 on 3rd October 2014. For the value to have increased from £500,000 to £835,695 over the nine years and ten months to December 2024, the following assumptions must hold true:

• The value of HARWOOD has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The October 2014 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of HARWOOD has not materially changed since October 2014.

How Large is HARWOOD?

HARWOOD is 266m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 10% of detached houses houses in Grays, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grays, and where HARWOOD lies on this distribution: 99% of detached houses houses are smaller than HARWOOD, and 1% of houses are larger. Note that EPC data is not available for all properties in Grays.

HARWOOD: Plot and Title Map

HARWOOD sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of HARWOOD, 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 HARWOOD). 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 HARWOOD?

HARWOOD is located on CHESTNUT AVENUE in GRAYS, in the RM16 postcode district. The below map shows the position of HARWOOD on CHESTNUT AVENUE.