5, CHASE WAY, GRAYS, RM20 4BP - £330,000

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.

5 CHASE WAY is a small terraced house of 107m², built in 2015, which could now be worth an estimated £408,941. It was last sold for £330,000 in August 2019, which was around 26% above the average August 2019 terraced price in the Thurrock local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was B.

5 CHASE WAY Sold Prices

Land registry data shows two sales for 5 CHASE WAY 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 5 CHASE WAY 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
2019 30 AUG	£330,000	£262,581	26% above HPI
2015 23 OCT	£263,995	£215,963	22% above HPI

5 CHASE WAY 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 5 CHASE WAY sales from October 2015 and August 2019 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 October 2015 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2019 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 5 CHASE WAY be worth now?

5 CHASE WAY might now be worth an estimated £408,941.

This is based on house price inflation of 23.9%, between August 2019 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 23.9% inflationary increase is applied to the most recent sale price for 5 CHASE WAY of £330,000 on 30th August 2019. For the value to have increased from £330,000 to £408,941 over the seven years and four months to April 2026, the following assumptions must hold true:

• The value of 5 CHASE WAY has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The August 2019 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHASE WAY has not materially changed since August 2019.

How Large is 5 CHASE WAY?

5 CHASE WAY is 107m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 40% of terraced houses houses in South Stifford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in South Stifford, and where 5 CHASE WAY lies on this distribution: 36% of terraced houses houses are smaller than 5 CHASE WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in South Stifford.

5 CHASE WAY: Plot and Title Map

5 CHASE WAY sits on a plot of roughly 0.021 of an acre, or 86m². The below map shows the location of 5 CHASE WAY, 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 5 CHASE WAY). 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 5 CHASE WAY?

5 CHASE WAY is located in GRAYS, in the RM20 postcode district. The below map shows the position of No. 5 on CHASE WAY.