16, CHASE WAY, GRAYS, RM20 4BP - £276,000

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.

16 CHASE WAY is a very small terraced house of 68m², built in 2015, which could now be worth an estimated £331,331. It was last sold for £276,000 in June 2020, which was around 2% above the average June 2020 terraced price in the Thurrock local authority area. The most recent EPC inspection was August 2015, where the current energy rating was B, and the potential energy rating was B.

16 CHASE WAY Sold Prices

Land registry data shows two sales for 16 CHASE WAY 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. One of the two 16 CHASE WAY sales was for above the average price, whilst the other was roughly equal to 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 25 JUN	£276,000	£269,279	2% above HPI
2015 28 AUG	£208,995	£209,897	Close to HPI

16 CHASE WAY 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 16 CHASE WAY sales from August 2015 and June 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 August 2015 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 16 CHASE WAY be worth now?

16 CHASE WAY might now be worth an estimated £331,331.

This is based on house price inflation of 20%, between June 2020 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% inflationary increase is applied to the most recent sale price for 16 CHASE WAY of £276,000 on 25th June 2020. For the value to have increased from £276,000 to £331,331 over the six years and one month to May 2026, the following assumptions must hold true:

• The value of 16 CHASE WAY has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The June 2020 sale price of £276,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CHASE WAY has not materially changed since June 2020.

How Large is 16 CHASE WAY?

16 CHASE WAY is 68m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of terraced houses houses in South Stifford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in South Stifford, and where 16 CHASE WAY lies on this distribution: 1% of terraced houses houses are smaller than 16 CHASE WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in South Stifford.

16 CHASE WAY: Plot and Title Map

16 CHASE WAY sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 16 CHASE WAY, 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 16 CHASE WAY). 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 16 CHASE WAY?

16 CHASE WAY is located in GRAYS, in the RM20 postcode district. The below map shows the position of No. 16 on CHASE WAY.