119, LONG LANE, GRAYS, RM16 2PP - £325,000

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.

119 LONG LANE is a very small extended terraced house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £328,090. It was last sold for £325,000 in August 2022, which was around 1% above the average August 2022 terraced price in the Thurrock local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

119 LONG LANE Sold Prices

Land registry data shows four sales for 119 LONG LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Thurrock local authority area for the corresponding sale date. All of the four 119 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
2022 17 AUG	£325,000	£322,329	1% above HPI
2021 28 JUN	£315,000	£282,839	11% above HPI
2005 13 SEP	£170,000	£155,029	10% above HPI
2002 1 OCT	£144,995	£102,969	41% above HPI

119 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 four 119 LONG LANE sales between October 2002 and August 2022 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 June 2021 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2022 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 119 LONG LANE be worth now?

119 LONG LANE might now be worth an estimated £328,090.

This is based on house price inflation of 1%, between August 2022 and April 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 1% inflationary increase is applied to the most recent sale price for 119 LONG LANE of £325,000 on 17th August 2022. For the value to have increased from £325,000 to £328,090 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 119 LONG LANE has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The August 2022 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 119 LONG LANE has not materially changed since August 2022.

How Large is 119 LONG LANE?

119 LONG LANE is 68m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% 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 119 LONG LANE lies on this distribution: 4% of terraced houses houses are smaller than 119 LONG LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Grays.

119 LONG LANE: Plot and Title Map

119 LONG LANE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 119 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 119 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 119 LONG LANE?

119 LONG LANE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 119 on LONG LANE.