5, RUTLEDGE CLOSE, ORSETT, GRAYS, RM16 3GS - £249,500

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.

5 RUTLEDGE CLOSE is a very small terraced house of 75m², built sometime from 2007 onwards, which could now be worth an estimated £508,695. It was last sold for £249,500 in December 2011, which was around 57% above the average December 2011 terraced price in the Thurrock local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

5 RUTLEDGE CLOSE Sold Prices

Land registry data shows two sales for 5 RUTLEDGE CLOSE 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 RUTLEDGE 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
2011 19 DEC	£249,500	£158,551	57% above HPI
2007 31 AUG	£249,995	£172,675	45% above HPI

5 RUTLEDGE CLOSE 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 RUTLEDGE CLOSE sales from August 2007 and December 2011 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 2007 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the December 2011 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 5 RUTLEDGE CLOSE be worth now?

5 RUTLEDGE CLOSE might now be worth an estimated £508,695.

This is based on house price inflation of 103.9%, between December 2011 and May 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 103.9% inflationary increase is applied to the most recent sale price for 5 RUTLEDGE CLOSE of £249,500 on 19th December 2011. For the value to have increased from £249,500 to £508,695 over the fifteen years and seven months to May 2026, the following assumptions must hold true:

• The value of 5 RUTLEDGE CLOSE has moved in line with the HPI for terraced houses in the Thurrock local authority area.
• The December 2011 sale price of £249,500 represented a fair market value for the property.
• The size, condition, and specification of 5 RUTLEDGE CLOSE has not materially changed since December 2011.

How Large is 5 RUTLEDGE CLOSE?

5 RUTLEDGE CLOSE is 75m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of terraced houses houses in Orsett, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Orsett, and where 5 RUTLEDGE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 5 RUTLEDGE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Orsett.

5 RUTLEDGE CLOSE: Plot and Title Map

5 RUTLEDGE CLOSE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 5 RUTLEDGE 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 5 RUTLEDGE 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 5 RUTLEDGE CLOSE?

5 RUTLEDGE CLOSE is located in ORSETT, in the RM16 postcode district. The below map shows the position of No. 5 on RUTLEDGE CLOSE.