176, DRAKE ROAD, CHAFFORD HUNDRED, GRAYS, RM16 6RW - £245,000

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.

176 DRAKE ROAD is a very small terraced house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £372,432. It was last sold for £245,000 in August 2015, which was around 17% above the average August 2015 terraced price in the Thurrock local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

176 DRAKE ROAD Sold Prices

Land registry data shows three sales for 176 DRAKE ROAD 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 176 DRAKE ROAD 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
2015 19 AUG	£245,000	£209,897	17% above HPI
2007 16 JAN	£176,500	£161,860	9% above HPI
2000 5 MAY	£113,995	£68,413	67% above HPI

176 DRAKE ROAD 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 176 DRAKE ROAD sales between May 2000 and August 2015 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 January 2007 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2015 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 176 DRAKE ROAD be worth now?

176 DRAKE ROAD might now be worth an estimated £372,432.

This is based on house price inflation of 52%, between August 2015 and June 2025, 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 52% inflationary increase is applied to the most recent sale price for 176 DRAKE ROAD of £245,000 on 19th August 2015. For the value to have increased from £245,000 to £372,432 over the ten years and two months to June 2025, the following assumptions must hold true:

• The value of 176 DRAKE ROAD has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The August 2015 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 176 DRAKE ROAD has not materially changed since August 2015.

How Large is 176 DRAKE ROAD?

176 DRAKE ROAD is 66m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of terraced houses houses in Chafford Hundred, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chafford Hundred, and where 176 DRAKE ROAD lies on this distribution: 2% of terraced houses houses are smaller than 176 DRAKE ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Chafford Hundred.

176 DRAKE ROAD: Plot and Title Map

176 DRAKE ROAD sits on a plot of roughly 0.023 of an acre, or 95m². The below map shows the location of 176 DRAKE ROAD, 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 176 DRAKE ROAD). 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 176 DRAKE ROAD?

176 DRAKE ROAD is located in CHAFFORD HUNDRED, in the RM16 postcode district. The below map shows the position of No. 176 on DRAKE ROAD.