THE ELMS, COLLEGE AVENUE, GRAYS, RM17 5UN - £1,175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE ELMS is a very large extended detached house of 403m², built sometime between 1930 and 1949, which could now be worth an estimated £1,299,423. It was last sold for £1,175,000 in December 2020, which was around 116% above the average December 2020 detached price in the Thurrock local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was C.

THE ELMS Sold Prices

Land registry data shows two sales for THE ELMS 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 THE ELMS 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
2020 4 DEC	£1,175,000	£543,356	116% above HPI
2000 4 FEB	£300,000	£138,139	117% above HPI

THE ELMS 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 THE ELMS sales from February 2000 and December 2020 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 2000 sale was for 117% above the HPI. So the extrapolation line tracks at 117% above the HPI over time, until the December 2020 sale, where it falls to 116% above the HPI. The line then continues to track at 116% above the HPI.

What might THE ELMS be worth now?

THE ELMS might now be worth an estimated £1,299,423.

This is based on house price inflation of 10.6%, between December 2020 and February 2025, 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 10.6% inflationary increase is applied to the most recent sale price for THE ELMS of £1,175,000 on 4th December 2020. For the value to have increased from £1,175,000 to £1,299,423 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of THE ELMS has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The December 2020 sale price of £1,175,000 represented a fair market value for the property.
• The size, condition, and specification of THE ELMS has not materially changed since December 2020.

How Large is THE ELMS?

THE ELMS is 403m², which includes two extensions, according to the EPC inspection conducted in July 2019. 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 THE ELMS lies on this distribution: More than 99% of detached houses houses are smaller than THE ELMS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Grays.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.528 of an acre, or 2,137m². The below map shows the location of THE ELMS, 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 THE ELMS). 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 THE ELMS?

THE ELMS is located on COLLEGE AVENUE in GRAYS, in the RM17 postcode district. The below map shows the position of THE ELMS on COLLEGE AVENUE.