PENNHURST, PENN CLOSE, ORSETT, GRAYS, RM16 3ED - £735,000

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

PENNHURST is a small extended detached house of 134m², built sometime between 1967 and 1975. It was last sold for £735,000 in September 2021, which was around 33% above the average September 2021 detached price in the Thurrock local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

PENNHURST Sold Prices

Land registry data shows three sales for PENNHURST 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 PENNHURST 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
2021 2 SEP	£735,000	£554,132	33% above HPI
2016 22 AUG	£585,000	£479,486	22% above HPI
2008 24 NOV	£370,000	£305,663	21% above HPI

PENNHURST 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 PENNHURST sales between November 2008 and September 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 August 2016 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the September 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is PENNHURST?

PENNHURST is 134m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Orsett, based on EPC data. The below chart shows the distribution of detached houses by size in Orsett, and where PENNHURST lies on this distribution: 24% of detached houses are smaller than PENNHURST, and 74% of houses are larger. Note that EPC data is not available for all properties in Orsett.

PENNHURST: Plot and Title Map

PENNHURST sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of PENNHURST, 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 PENNHURST). 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 PENNHURST?

PENNHURST is located on PENN CLOSE in ORSETT, in the RM16 postcode district. The below map shows the position of PENNHURST on PENN CLOSE.