2, THE BARN, GRAYS, RM17 5ND - £178,000

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 THE BARN is a very small terraced house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £359,462. It was last sold for £178,000 in March 2012, which was around 10% above the average March 2012 terraced price in the Thurrock local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was E.

2 THE BARN Sold Prices

Land registry data shows two sales for 2 THE BARN 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 2 THE BARN 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
2012 7 MAR	£178,000	£161,130	10% above HPI
1998 23 APR	£76,000	£52,159	46% above HPI

2 THE BARN 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 2 THE BARN sales from April 1998 and March 2012 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 April 1998 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the March 2012 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 2 THE BARN be worth now?

2 THE BARN might now be worth an estimated £359,462.

This is based on house price inflation of 101.9%, between March 2012 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 101.9% inflationary increase is applied to the most recent sale price for 2 THE BARN of £178,000 on 7th March 2012. For the value to have increased from £178,000 to £359,462 over the thirteen years and eleven months to April 2026, the following assumptions must hold true:

• The value of 2 THE BARN has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The March 2012 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE BARN has not materially changed since March 2012.

How Large is 2 THE BARN?

2 THE BARN is 73m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of terraced houses houses in Grays, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Grays, and where 2 THE BARN lies on this distribution: 8% of terraced houses houses are smaller than 2 THE BARN, and 92% of houses are larger. Note that EPC data is not available for all properties in Grays.

2 THE BARN: Plot and Title Map

2 THE BARN sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 2 THE BARN, 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 THE BARN). 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 THE BARN?

2 THE BARN is located in GRAYS, in the RM17 postcode district. The below map shows the position of No. 2 on THE BARN.