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House Prices in RM16 House Prices in RM16 (Grays)

The average house price in RM16 (Grays) is £394,235 using HM Land Registry data.

The average property price increased by £90,501 (18.17%) over the last 5 years and increased by £18,134 (2.89%) over the last 12 months.

Over the last year, there were 302 residential property sales – a decrease of 123 transactions (-40.73%) relative to the previous year. The majority of house sales (78) were in the £358,000 - £422,000 range. Then came properties in the £422,000 - £486,000 range, where 53 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,757 (-1%).

In Oct 24, there were 70 new estate agency instructions, 64 agreed home sales and 43 property price reductions.

Nearby Postcodes: CM13, CM14, DA1, DA8, RM11, RM12, RM13, RM14, RM15, RM17, RM18, RM19, RM20, RM3, SS16, SS17, SS8

5-Year Average Property Prices in RM16 (Grays)

18.17%

Property prices in Grays increased by 18.17% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in RM16 (Grays) Over the Last Year

2.89%

Property prices in Grays increased by 2.89% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for RM16 (Grays) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in RM16 (Grays)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in RM16 (Grays)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in RM16 (Grays)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the RM16 (Grays) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM16 postcode area since 1995.

Recent Sales in RM16 (Grays)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
47 Blackshots Lane, Grays, Thurrock, RM16 2JT£400,000£400,000£0010 Feb 202422 Aug 2024194 Days
19 Plymouth Road, Chafford Hundred, Grays, Thurrock, RM16 6BJ£260,000£260,000£0001 Apr 202416 Aug 2024137 Days
35 Francisco Close, Chafford Hundred, Grays, Thurrock, RM16 6YD£365,000£357,000-£8,00005 Apr 202408 Aug 2024125 Days
11 Carew Close, Chafford Hundred, Grays, Thurrock, RM16 6RZ£289,995£285,000-£4,99524 Apr 202431 Jul 202498 Days
2 Connaught Avenue, Grays, Thurrock, RM16 2XX£800,000£772,500-£27,50022 Apr 202431 Jul 2024100 Days
11 The Firs, Grays, Thurrock, RM16 2HL£425,000£420,000-£5,00024 Jan 202422 Jul 2024180 Days
69 Cole Avenue, Chadwell St Mary, Grays, Thurrock, RM16 4JN£325,000£325,000£0018 Dec 202319 Jul 2024214 Days
18 Crowstone Road, Grays, Thurrock, RM16 2SR£400,000£397,500-£2,50007 Dec 202305 Jul 2024211 Days
25 Saffron Road, Chafford Hundred, Grays, Thurrock, RM16 6NA£575,000£570,000-£5,00026 Dec 202303 Jul 2024190 Days
50 Claudian Way, Chadwell St Mary, Grays, Thurrock, RM16 4QD£350,000£342,500-£7,50019 Feb 202421 Jun 2024123 Days
46 Harvey, Grays, Thurrock, RM16 2TX£400,000£393,000-£7,00005 Dec 202318 Jun 2024196 Days
35 Claudian Way, Chadwell St Mary, Grays, Thurrock, RM16 4QD£340,000£335,000-£5,00005 Apr 202414 Jun 202470 Days
33 Lytton Road, Grays, Thurrock, RM16 4EU£375,000£355,000-£20,00024 Oct 202314 Jun 2024234 Days
18 Nutberry Avenue, Grays, Thurrock, RM16 2TL£400,000£400,000£0022 Jan 202412 Jun 2024142 Days
107 Victoria Avenue, Grays, Thurrock, RM16 2RN£350,000£335,000-£15,00006 Mar 202404 Jun 202490 Days
193 Crammavill Street, Grays, Thurrock, RM16 2AQ£395,000£395,000£0028 Feb 202431 May 202493 Days
20 Ark Avenue, Grays, Thurrock, RM16 6QR£280,000£278,000-£2,00002 Nov 202331 May 2024211 Days
177 Long Lane, Grays, Thurrock, RM16 2PS£820,000£820,000£0001 Jan 202424 May 2024144 Days
31 Celedon Close, Grays, Thurrock, RM16 6PZ£190,000£190,000£0022 Jan 202420 May 2024119 Days
139 River View, Chadwell St Mary, Grays, Thurrock, RM16 4BA£330,000£325,000-£5,00008 Dec 202310 May 2024154 Days

Most Expensive Streets in RM16 (Grays)

PostcodeStreetAreaAverageNo. of Sales
RM16 3JAHerga Hyll, OrsettGrays£820,0003
RM16 3EDPenn Close, OrsettGrays£766,6663
RM16 3JEWhitmore Close, OrsettGrays£656,6663
RM16 3DDSandown Road, OrsettGrays£648,3333
RM16 3JBBadgers Mount, OrsettGrays£645,0003
RM16 2XXConnaught AvenueGrays£640,5005
RM16 3EHRectory Road, OrsettGrays£628,3005
RM16 6NNGilbert Road, Chafford HundredGrays£620,0003
RM16 3ERHigh Road, OrsettGrays£596,2504
RM16 4UZOrsett Heath CrescentGrays£592,5003

Least Expensive Streets in RM16 (Grays)

PostcodeStreetAreaAverageNo. of Sales
RM16 4BHChelmer House, RiverviewGrays£150,6663
RM16 2AZCollier Court, Crammavill Street, GraysGrays£172,34410
RM16 6QUArmada CourtGrays£187,3005
RM16 2EWBarrow Hall House, Woodside CloseGrays£202,5003
RM16 6DDNightingale Court, Fleming RoadGrays£208,5009
RM16 6GXPhilip Sidney Court, Philip Sidney RoadGrays£210,9287
RM16 6DGTrelawney Place, Howard RoadGrays£213,58817
RM16 6PGDudley Close, Chafford HundredGrays£213,76615
RM16 4BJRiverview, Chadwell St MaryGrays£214,3326
RM16 6PFDudley Close, Chafford HundredGrays£215,49510

Explore RM16 (Grays) using map

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