2, MONTGOMERY CLOSE, GRAYS, RM16 2ER - £485,000

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.

2 MONTGOMERY CLOSE is a very small detached house of 83m², built sometime between 1976 and 1982, which could now be worth an estimated £475,188. It was last sold for £485,000 in October 2022, which was around 21% below the average October 2022 detached price in the Thurrock local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

2 MONTGOMERY CLOSE Sold Prices

Land registry data shows one sale for 2 MONTGOMERY CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Thurrock local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 21 OCT	£485,000	£617,419	21% below HPI

What might 2 MONTGOMERY CLOSE be worth now?

2 MONTGOMERY CLOSE might now be worth an estimated £475,188.

This is based on house price deflation of 2%, between October 2022 and May 2026, for detached 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 2% deflationary decrease is applied to the most recent sale price for 2 MONTGOMERY CLOSE of £485,000 on 21st October 2022. For the value to have decreased from £485,000 to £475,188 over the four years and five months to May 2026, the following assumptions must hold true:

• The value of 2 MONTGOMERY CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The October 2022 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MONTGOMERY CLOSE has not materially changed since October 2022.

How Large is 2 MONTGOMERY CLOSE?

2 MONTGOMERY CLOSE is 83m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Grays, based on EPC data. The below chart shows the distribution of detached houses by size in Grays, and where 2 MONTGOMERY CLOSE lies on this distribution: 15% of detached houses are smaller than 2 MONTGOMERY CLOSE, and 84% of detached houses are larger. Note that EPC data is not available for all properties in Grays.

2 MONTGOMERY CLOSE: Plot

2 MONTGOMERY CLOSE sits on a plot of roughly 0.056 of an acre, or 225m².

Where is 2 MONTGOMERY CLOSE?

2 MONTGOMERY CLOSE is located in GRAYS, in the RM16 postcode district.