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House Prices in RM17 House Prices in RM17 (Grays)

The average house price in RM17 (Grays) is £241,357 using HM Land Registry data.

The average property price increased by £66,321 (18.4%) over the last 5 years and increased by £13,288 (2.93%) over the last 12 months.

Over the last year, there were 190 residential property sales – a decrease of 114 transactions (-60.00%) relative to the previous year. The majority of house sales (40) were in the £280,000 - £340,000 range. Then came properties in the £160,000 - £220,000 range, where 34 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,248 (-1%).

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

Nearby Postcodes: RM14, RM15, RM16, RM18, RM19, RM20, SS17

5-Year Average Property Prices in RM17 (Grays)

18.4%

Property prices in Grays increased by 18.4% 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 RM17 (Grays) Over the Last Year

2.93%

Property prices in Grays increased by 2.93% 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 RM17 (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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 RM17 (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 RM17 (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 RM17 (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 RM17 (Grays) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM17 postcode area since 1995.

Recent Sales in RM17 (Grays)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Elm Road, Grays, Thurrock, RM17 6LD£300,000£300,000£0001 Nov 202326 Jul 2024268 Days
24 Toft Avenue, Grays, Thurrock, RM17 5SP£335,000£335,000£0009 May 202418 Jul 202470 Days
33 Wingfield, Badgers Dene, Grays, Thurrock, RM17 5JQ£335,000£335,000£0012 Mar 202412 Jul 2024122 Days
Flat 90, Kingfisher Heights, Hogg Lane, Grays, Thurrock, RM17 5QQ£170,000£165,000-£5,00027 Mar 202428 Jun 202493 Days
6 Wharf Road, Grays, Thurrock, RM17 5YX£190,000£190,000£0007 Jun 202412 Jun 20245 Days
46 Whitehall Road, Grays, Thurrock, RM17 5NX£375,000£375,000£0024 Jan 202407 Jun 2024135 Days
1 Walpole Close, Grays, Thurrock, RM17 5QX£245,000£245,000£0014 Mar 202431 May 202478 Days
48 Elm Road, Grays, Thurrock, RM17 6LD£290,000£287,500-£2,50016 Oct 202324 May 2024221 Days
45 Bersham Lane, Badgers Dene, Grays, Thurrock, RM17 5EN£325,000£320,000-£5,00029 Jan 202417 May 2024109 Days
42 Orchis Grove, Badgers Dene, Grays, Thurrock, RM17 5JG£360,000£355,000-£5,00004 May 202310 May 2024372 Days
36 Elm Road, Grays, Thurrock, RM17 6LD£280,000£266,500-£13,50010 Jan 202409 May 2024120 Days
2 St Leonards Close, Grays, Thurrock, RM17 6GT£375,000£370,000-£5,00026 Dec 202319 Apr 2024115 Days
65 High View Avenue, Grays, Thurrock, RM17 6RX£460,000£455,000-£5,00006 Sep 202311 Apr 2024218 Days
14 Addison Gardens, Grays, Thurrock, RM17 5QU£220,000£185,000-£35,00018 Apr 202310 Apr 2024358 Days
83 Chadwell Road, Grays, Thurrock, RM17 5TQ£475,000£460,000-£15,00026 Nov 202305 Apr 2024131 Days
18 Coal Court, Grays, Thurrock, RM17 6PN£230,000£226,500-£3,50019 Jul 202305 Apr 2024261 Days
8 Mallow Court, Grays, Thurrock, RM17 6TT£320,000£312,000-£8,00027 Jul 202305 Apr 2024253 Days
7 Arthur Street, Grays, Thurrock, RM17 6EH£320,000£315,000-£5,00021 Nov 202328 Mar 2024128 Days
93 Lenthall Avenue, Grays, Thurrock, RM17 5AL£400,000£395,000-£5,00022 Jan 202427 Mar 202465 Days
10 Bedford Road, Grays, Thurrock, RM17 6PY£295,000£280,000-£15,00016 Oct 202326 Mar 2024162 Days

Most Expensive Streets in RM17 (Grays)

PostcodeStreetAreaAverageNo. of Sales
RM17 5UNCollege AvenueGrays£910,0003
RM17 5XDBradleigh AvenueGrays£611,6666
RM17 5UWCollege AvenueGrays£601,2504
RM17 5RNWard AvenueGrays£548,3333
RM17 5HRMeesons LaneGrays£543,10010
RM17 5XBSt Georges AvenueGrays£540,6258
RM17 5HEButton RoadGrays£533,3333
RM17 5XALangthorne CrescentGrays£527,1254
RM17 5PRLodge LaneGrays£521,7504
RM17 5EFMoss BankGrays£509,0005

Least Expensive Streets in RM17 (Grays)

PostcodeStreetAreaAverageNo. of Sales
RM17 6HQConway GardensGrays£100,0663
RM17 6SEVert House, Falcon AvenueGrays£133,7484
RM17 6RTSejant House, Bridge RoadGrays£133,8333
RM17 6RRBevile House, Argent Street, GraysGrays£143,0003
RM17 6RPTrefoil House, Crest AvenueGrays£143,8005
RM17 6HEConway GardensGrays£145,4378
RM17 5DFQueensgate CentreGrays£146,66012
RM17 6RZChevron House, Crest AvenueGrays£149,2857
RM17 6BWBridge CourtGrays£151,2254
RM17 6TSCampion CourtGrays£154,1254

Explore RM17 (Grays) using map

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