12, AVELEY CLOSE, AVELEY, SOUTH OCKENDON, RM15 4AB - £272,000

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 AVELEY CLOSE is a very small extended terraced house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £356,237. It was last sold for £272,000 in March 2017, which was around 9% above the average March 2017 terraced price in the Thurrock local authority area. The most recent EPC inspection was September 2016, where the current energy rating was B, and the potential energy rating was B.

12 AVELEY CLOSE Sold Prices

Land registry data shows two sales for 12 AVELEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Thurrock local authority area for the corresponding sale date. Both of the two 12 AVELEY 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
2017 9 MAR	£272,000	£248,450	9% above HPI
1999 13 DEC	£75,500	£61,648	22% above HPI

12 AVELEY 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 two 12 AVELEY CLOSE sales from December 1999 and March 2017 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 December 1999 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the March 2017 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 12 AVELEY CLOSE be worth now?

12 AVELEY CLOSE might now be worth an estimated £356,237.

This is based on house price inflation of 31%, between March 2017 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 31% inflationary increase is applied to the most recent sale price for 12 AVELEY CLOSE of £272,000 on 9th March 2017. For the value to have increased from £272,000 to £356,237 over the eight years and eleven months to April 2026, the following assumptions must hold true:

• The value of 12 AVELEY CLOSE has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The March 2017 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 12 AVELEY CLOSE has not materially changed since March 2017.

How Large is 12 AVELEY CLOSE?

12 AVELEY CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% of terraced houses houses in Aveley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Aveley, and where 12 AVELEY CLOSE lies on this distribution: 10% of terraced houses houses are smaller than 12 AVELEY CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Aveley.

12 AVELEY CLOSE: Plot and Title Map

12 AVELEY CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 12 AVELEY 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 AVELEY 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 AVELEY CLOSE?

12 AVELEY CLOSE is located in AVELEY, in the RM15 postcode district. The below map shows the position of No. 12 on AVELEY CLOSE.