OAKDENE, BODELL CLOSE, GRAYS, RM16 2TB - £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.

OAKDENE is a midsized extended detached house of 110m², built sometime between 2003 and 2006, which could now be worth an estimated £574,001. It was last sold for £357,500 in May 2015, which was around 6% below the average May 2015 detached price in the Thurrock local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

OAKDENE Sold Prices

Land registry data shows two sales for OAKDENE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Thurrock local authority area for the corresponding sale date. Both of the two OAKDENE sales were for below 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
2015 6 MAY	£357,500	£381,164	6% below HPI
2003 24 OCT	£240,000	£270,046	11% below HPI

OAKDENE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Thurrock local authority area over time, sourced from the HPI. The two OAKDENE sales from October 2003 and May 2015 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 2003 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2015 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might OAKDENE be worth now?

OAKDENE might now be worth an estimated £574,001.

This is based on house price inflation of 60.6%, between May 2015 and April 2026, for 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 60.6% inflationary increase is applied to the most recent sale price for OAKDENE of £357,500 on 6th May 2015. For the value to have increased from £357,500 to £574,001 over the eleven years and one month to April 2026, the following assumptions must hold true:

• The value of OAKDENE has moved in line with the HPI for detached houses in the Thurrock local authority area.
• The May 2015 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of OAKDENE has not materially changed since May 2015.

How Large is OAKDENE?

OAKDENE is 110m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the largest 50% of detached houses houses in Grays, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grays, and where OAKDENE lies on this distribution: 54% of detached houses houses are smaller than OAKDENE, and 45% of houses are larger. Note that EPC data is not available for all properties in Grays.

OAKDENE: Plot and Title Map

OAKDENE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of OAKDENE, 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 OAKDENE). 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 OAKDENE?

OAKDENE is located on BODELL CLOSE in GRAYS, in the RM16 postcode district. The below map shows the position of OAKDENE on BODELL CLOSE.