MIRKWOOD, ARGENT STREET, GRAYS, RM17 6PH - £395,000

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

MIRKWOOD is a very small detached house of 82m², built sometime between 1983 and 1990. It was last sold for £395,000 in July 2021, which was around 26% below the average July 2021 detached price in the Thurrock local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

MIRKWOOD Sold Prices

Land registry data shows two sales for MIRKWOOD 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 MIRKWOOD 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 23 JUL	£395,000	£534,733	26% below HPI
1996 22 JUL	£72,500	£90,457	20% below HPI

MIRKWOOD 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 MIRKWOOD sales from July 1996 and July 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 July 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might MIRKWOOD be worth now?

MIRKWOOD might now be worth an estimated £438,348.

This is based on house price inflation of 11%, between July 2021 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 11% inflationary increase is applied to the most recent sale price for MIRKWOOD of £395,000 on 23rd July 2021. For the value to have increased from £395,000 to £438,348 over the two years and seven months to December 2024, the following assumptions must hold true:

• The value of MIRKWOOD has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The July 2021 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of MIRKWOOD has not materially changed since July 2021.

How Large is MIRKWOOD?

MIRKWOOD is 82m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 20% 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 MIRKWOOD lies on this distribution: 14% of detached houses houses are smaller than MIRKWOOD, and 85% of houses are larger. Note that EPC data is not available for all properties in Grays.

MIRKWOOD: Plot and Title Map

MIRKWOOD sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of MIRKWOOD, 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 MIRKWOOD). 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 MIRKWOOD?

MIRKWOOD is located on ARGENT STREET in GRAYS, in the RM17 postcode district. The below map shows the position of MIRKWOOD on ARGENT STREET.