111, LONG LANE, GRAYS, RM16 2PP - £295,000

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.

111 LONG LANE is a small extended terraced house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £355,912. It was last sold for £295,000 in August 2018, which was around 10% above the average August 2018 terraced price in the Thurrock local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

111 LONG LANE Sold Prices

Land registry data shows three sales for 111 LONG LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Thurrock local authority area for the corresponding sale date. All of the three 111 LONG LANE 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
2018 7 AUG	£295,000	£267,939	10% above HPI
2012 28 MAY	£163,000	£155,642	5% above HPI
2005 7 JAN	£174,000	£147,141	18% above HPI

111 LONG LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Thurrock local authority area over time, sourced from the HPI. The three 111 LONG LANE sales between January 2005 and August 2018 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 May 2012 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 111 LONG LANE be worth now?

111 LONG LANE might now be worth an estimated £355,912.

This is based on house price inflation of 20.6%, between August 2018 and May 2026, for terraced 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 20.6% inflationary increase is applied to the most recent sale price for 111 LONG LANE of £295,000 on 7th August 2018. For the value to have increased from £295,000 to £355,912 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of 111 LONG LANE has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The August 2018 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 111 LONG LANE has not materially changed since August 2018.

How Large is 111 LONG LANE?

111 LONG LANE is 90m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of terraced houses houses in Grays, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Grays, and where 111 LONG LANE lies on this distribution: 25% of terraced houses houses are smaller than 111 LONG LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Grays.

111 LONG LANE: Plot and Title Map

111 LONG LANE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 111 LONG LANE, 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 111 LONG LANE). 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 111 LONG LANE?

111 LONG LANE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 111 on LONG LANE.