12, ALBERT CLOSE, GRAYS, RM16 2RB - £360,000

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.

12 ALBERT CLOSE is a very small terraced house of 83m², built sometime between 1976 and 1982, which could now be worth an estimated £414,164. It was last sold for £360,000 in June 2021, which was around 27% above the average June 2021 terraced price in the Thurrock local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was D.

12 ALBERT CLOSE Sold Prices

Land registry data shows four sales for 12 ALBERT CLOSE 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 12 ALBERT CLOSE 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 18 JUN	£360,000	£282,839	27% above HPI
2012 15 JUN	£212,000	£154,909	37% above HPI
2006 14 JUL	£237,745	£157,767	51% above HPI
2002 12 JUL	£164,000	£100,871	63% above HPI

12 ALBERT CLOSE 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 12 ALBERT CLOSE sales between July 2002 and June 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 June 2012 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the June 2021 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 12 ALBERT CLOSE be worth now?

12 ALBERT CLOSE might now be worth an estimated £414,164.

This is based on house price inflation of 15%, between June 2021 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 15% inflationary increase is applied to the most recent sale price for 12 ALBERT CLOSE of £360,000 on 18th June 2021. For the value to have increased from £360,000 to £414,164 over the five years and two months to April 2026, the following assumptions must hold true:

• The value of 12 ALBERT CLOSE has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The June 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 12 ALBERT CLOSE has not materially changed since June 2021.

How Large is 12 ALBERT CLOSE?

12 ALBERT CLOSE is 83m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 20% 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 12 ALBERT CLOSE lies on this distribution: 15% of terraced houses houses are smaller than 12 ALBERT CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Grays.

12 ALBERT CLOSE: Plot and Title Map

12 ALBERT CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 12 ALBERT CLOSE, 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 12 ALBERT CLOSE). 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 12 ALBERT CLOSE?

12 ALBERT CLOSE is located in GRAYS, in the RM16 postcode district. The below map shows the position of No. 12 on ALBERT CLOSE.