2, PENN CLOSE, ORSETT, GRAYS, RM16 3ED - £430,000

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 PENN CLOSE is a very large extended detached house of 250m², built sometime between 1967 and 1975, which could now be worth an estimated £840,929. It was last sold for £430,000 in October 2010, which was around 40% above the average October 2010 detached price in the Thurrock local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

2 PENN CLOSE Sold Prices

Land registry data shows two sales for 2 PENN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. Both of the two 2 PENN 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
2010 22 OCT	£430,000	£306,729	40% above HPI
1998 27 FEB	£150,000	£108,243	39% above HPI

2 PENN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Thurrock local authority area over time, sourced from the HPI. The two 2 PENN CLOSE sales from February 1998 and October 2010 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 February 1998 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the October 2010 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 2 PENN CLOSE be worth now?

2 PENN CLOSE might now be worth an estimated £840,929.

This is based on house price inflation of 95.6%, between October 2010 and June 2025, 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 95.6% inflationary increase is applied to the most recent sale price for 2 PENN CLOSE of £430,000 on 22nd October 2010. For the value to have increased from £430,000 to £840,929 over the fifteen years and four months to June 2025, the following assumptions must hold true:

• The value of 2 PENN CLOSE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The October 2010 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENN CLOSE has not materially changed since October 2010.

How Large is 2 PENN CLOSE?

2 PENN CLOSE is 250m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 10% of detached houses houses in Orsett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Orsett, and where 2 PENN CLOSE lies on this distribution: 94% of detached houses houses are smaller than 2 PENN CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Orsett.

2 PENN CLOSE: Plot and Title Map

2 PENN CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 2 PENN 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 2 PENN 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 2 PENN CLOSE?

2 PENN CLOSE is located in ORSETT, in the RM16 postcode district. The below map shows the position of No. 2 on PENN CLOSE.