28, THE SPINNEY, ORSETT, GRAYS, RM16 3EJ - £399,950

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.

28 THE SPINNEY is a very small semi-detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £457,835. It was last sold for £399,950 in December 2020, which was around 14% above the average December 2020 semi-detached price in the Thurrock local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

28 THE SPINNEY Sold Prices

Land registry data shows three sales for 28 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Thurrock local authority area for the corresponding sale date. All of the three 28 THE SPINNEY 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
2020 17 DEC	£399,950	£351,163	14% above HPI
2006 17 AUG	£249,995	£192,229	30% above HPI
1997 27 OCT	£95,000	£64,869	46% above HPI

28 THE SPINNEY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Thurrock local authority area over time, sourced from the HPI. The three 28 THE SPINNEY sales between October 1997 and December 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 2006 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the December 2020 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 28 THE SPINNEY be worth now?

28 THE SPINNEY might now be worth an estimated £457,835.

This is based on house price inflation of 14.5%, between December 2020 and June 2025, for semi-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 14.5% inflationary increase is applied to the most recent sale price for 28 THE SPINNEY of £399,950 on 17th December 2020. For the value to have increased from £399,950 to £457,835 over the five years and six months to June 2025, the following assumptions must hold true:

• The value of 28 THE SPINNEY has moved in line with the HPI for semi-detached houses in the Thurrock local authority area.
• The December 2020 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 28 THE SPINNEY has not materially changed since December 2020.

How Large is 28 THE SPINNEY?

28 THE SPINNEY is 59m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 10% of semi-detached houses houses in Orsett, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Orsett, and where 28 THE SPINNEY lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 28 THE SPINNEY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Orsett.

28 THE SPINNEY: Plot and Title Map

28 THE SPINNEY sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 28 THE SPINNEY, 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 28 THE SPINNEY). 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 28 THE SPINNEY?

28 THE SPINNEY is located in ORSETT, in the RM16 postcode district. The below map shows the position of No. 28 on THE SPINNEY.