MAGNOLIA COTTAGE, BUXTON ROAD, GRAYS, RM16 2XY - £229,995

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

MAGNOLIA COTTAGE is a very small detached house of 51m², built sometime between 1930 and 1949. It was last sold for £229,995 in July 2015, which was around 41% below the average July 2015 detached price in the Thurrock local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

MAGNOLIA COTTAGE Sold Prices

Land registry data shows three sales for MAGNOLIA COTTAGE 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 MAGNOLIA COTTAGE 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
2015 9 JUL	£229,995	£392,445	41% below HPI
2006 18 OCT	£209,500	£298,008	30% below HPI
2006 3 MAR	£170,000	£286,936	41% below HPI

MAGNOLIA COTTAGE 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 MAGNOLIA COTTAGE sales between March 2006 and July 2015 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 October 2006 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2015 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might MAGNOLIA COTTAGE be worth now?

MAGNOLIA COTTAGE might now be worth an estimated £347,775.

This is based on house price inflation of 51.2%, between July 2015 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 51.2% inflationary increase is applied to the most recent sale price for MAGNOLIA COTTAGE of £229,995 on 9th July 2015. For the value to have increased from £229,995 to £347,775 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of MAGNOLIA COTTAGE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The July 2015 sale price of £229,995 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIA COTTAGE has not materially changed since July 2015.

How Large is MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is 51m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 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 MAGNOLIA COTTAGE lies on this distribution: 1% of detached houses houses are smaller than MAGNOLIA COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Grays.

MAGNOLIA COTTAGE: Plot and Title Map

MAGNOLIA COTTAGE sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of MAGNOLIA COTTAGE, 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 MAGNOLIA COTTAGE). 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 MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is located on BUXTON ROAD in GRAYS, in the RM16 postcode district. The below map shows the position of MAGNOLIA COTTAGE on BUXTON ROAD.