38C, MILL ROAD, AVELEY, SOUTH OCKENDON, RM15 4SL - £357,500

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.

38C MILL ROAD is a large terraced house of 115m², built in 2014, which could now be worth an estimated £450,255. It was last sold for £357,500 in April 2018, which was around 38% above the average April 2018 terraced price in the Thurrock local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was A.

38C MILL ROAD Sold Prices

Land registry data shows two sales for 38C MILL ROAD 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 38C MILL 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
2018 24 APR	£357,500	£258,361	38% above HPI
2014 28 APR	£400,000	£172,170	132% above HPI

38C MILL 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 two 38C MILL ROAD sales from April 2014 and April 2018 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 2014 sale was for 132% above the HPI. So the extrapolation line tracks at 132% above the HPI over time, until the April 2018 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 38C MILL ROAD be worth now?

38C MILL ROAD might now be worth an estimated £450,255.

This is based on house price inflation of 25.9%, between April 2018 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 25.9% inflationary increase is applied to the most recent sale price for 38C MILL ROAD of £357,500 on 24th April 2018. For the value to have increased from £357,500 to £450,255 over the eight years to April 2026, the following assumptions must hold true:

• The value of 38C MILL ROAD has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The April 2018 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of 38C MILL ROAD has not materially changed since April 2018.

How Large is 38C MILL ROAD?

38C MILL ROAD is 115m² according to the EPC inspection conducted in April 2016. This puts it in the largest 40% of terraced houses houses in Aveley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Aveley, and where 38C MILL ROAD lies on this distribution: 62% of terraced houses houses are smaller than 38C MILL ROAD, and 35% of houses are larger. Note that EPC data is not available for all properties in Aveley.

38C MILL ROAD: Plot and Title Map

38C MILL ROAD sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 38C MILL 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 38C MILL 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 38C MILL ROAD?

38C MILL ROAD is located in AVELEY, in the RM15 postcode district. The below map shows the position of No. 38C on MILL ROAD.