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House Prices in RM20

The average house price in RM20 (Grays) is £306,500 using HM Land Registry data.

The average property price decreased by £21,619 (-45.06%) over the last 5 years and decreased by £4,332 (-6.02%) over the last 12 months.

Over the last year, there were 54 residential property sales – a decrease of 84 transactions (-155.56%) relative to the previous year. The majority of house sales (14) were in the £336,000 - £390,000 range. Then came properties in the £282,000 - £336,000 range, where 11 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 £-10,833 (-4%).

In Oct 24, there were 20 new estate agency instructions, 15 agreed home sales and 13 property price reductions.

5-Year Average Property Prices in RM20 (Grays)

45.06%

Property prices in Grays increased by 45.06% 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 RM20 (Grays) Over the Last Year

6.02%

Property prices in Grays increased by 6.02% 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.

Property Market Heat Gauge for RM20 (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 RM20 (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 RM20 (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 RM20 (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 RM20 (Grays) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RM20 postcode area since 1995.

Recent Sales in RM20 (Grays)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
157 Palmerston Road, Grays, Thurrock, RM20 4YL	£380,000	£380,000	£00	02 Feb 2024	21 Jun 2024	140 Days
25 First Avenue, Grays, Thurrock, RM20 3JR	£350,000	£345,000	-£5,000	10 Jan 2024	21 May 2024	132 Days
62 Moore Avenue, Grays, Thurrock, RM20 4XW	£375,000	£370,000	-£5,000	12 Sep 2023	22 Mar 2024	192 Days
49 Porter Close, Grays, Thurrock, RM20 4AS	£130,000	£122,000	-£8,000	04 Aug 2023	12 Jan 2024	161 Days
254 Parsonage Road, Grays, Thurrock, RM20 4AW	£120,000	£115,000	-£5,000	04 Aug 2023	11 Dec 2023	129 Days
46 Oakley Close, Grays, Thurrock, RM20 4AN	£360,000	£342,000	-£18,000	01 Jul 2023	16 Nov 2023	138 Days
6 Flint Street, Grays, Thurrock, RM20 3HA	£340,000	£320,000	-£20,000	14 Jun 2023	13 Oct 2023	121 Days
140 Palmerston Road, Grays, Thurrock, RM20 4YP	£375,000	£367,000	-£8,000	05 Oct 2022	25 Aug 2023	324 Days
278 Parsonage Road, Grays, Thurrock, RM20 4AW	£125,000	£125,000	£00	26 Jan 2023	03 Aug 2023	189 Days
66 Palmerston Road, Grays, Thurrock, RM20 4YR	£350,000	£342,000	-£8,000	05 Dec 2022	28 Jul 2023	235 Days
27 Credo Way, Grays, Thurrock, RM20 3JE	£315,000	£307,500	-£7,500	25 Jan 2023	26 Jul 2023	182 Days
17 Essex Road, Grays, Thurrock, RM20 3JA	£300,000	£270,000	-£30,000	14 Mar 2023	13 Jun 2023	91 Days
25 Florence Close, Grays, Thurrock, RM20 4AE	£300,000	£300,000	£00	03 Mar 2023	13 Jun 2023	102 Days
8 Schoolfield Way, Grays, Thurrock, RM20 3AF	£350,000	£183,558	-£166,442	23 Feb 2018	04 May 2023	1896 Days
142 Parsonage Road, Grays, Thurrock, RM20 4AQ	£135,000	£135,000	£00	28 Nov 2022	14 Apr 2023	137 Days
10 St Clements Avenue, Grays, Thurrock, RM20 3BU	£360,000	£357,500	-£2,500	07 Oct 2022	17 Mar 2023	161 Days
13 Parsonage Road, Grays, Thurrock, RM20 4AJ	£165,000	£165,000	£00	05 Jul 2021	04 Feb 2023	579 Days
16 Palmerston Road, Grays, Thurrock, RM20 4YR	£375,000	£370,000	-£5,000	17 Aug 2022	21 Dec 2022	126 Days
6 Porter Close, Grays, Thurrock, RM20 4AS	£150,000	£130,000	-£20,000	17 Mar 2022	19 Dec 2022	277 Days
52 Charlton Street, Grays, Thurrock, RM20 4XU	£300,000	£280,000	-£20,000	19 Aug 2022	07 Dec 2022	110 Days

Most Expensive Streets in RM20 (Grays)

Postcode	Street	Area	Average	No. of Sales
RM20 3DE	Buttermere Way, West Thurrock	Grays	£478,328	6
RM20 3BN	Colliford Road, West Thurrock	Grays	£459,661	3
RM20 3DH	Broadstone Way, West Thurrock	Grays	£444,996	3
RM20 4BT	Devonshire Close	Grays	£420,127	21
RM20 4YH	Palmerston Road	Grays	£414,600	5
RM20 3AQ	Fox Field Close	Grays	£399,998	3
RM20 3BF	Draycote Road, West Thurrock	Grays	£371,792	21
RM20 4BW	Cornwall Close	Grays	£369,677	16
RM20 3HB	The Rookery	Grays	£365,600	5
RM20 4AY	Parsonage Road	Grays	£358,500	4

Least Expensive Streets in RM20 (Grays)

Postcode	Street	Area	Average	No. of Sales
RM20 4AW	Parsonage Road	Grays	£116,250	4
RM20 4AS	Porter Close	Grays	£147,610	9
RM20 3BJ	London Road	Grays	£147,750	6
RM20 4AQ	Parsonage Road	Grays	£148,416	6
RM20 4AG	Parsonage Road	Grays	£173,750	6
RM20 3BQ	Colliford Road	Grays	£173,989	53
RM20 4AX	Hayes Close	Grays	£204,500	5
RM20 4BF	The Chase	Grays	£221,345	11
RM20 4AJ	Parsonage Road	Grays	£226,181	11
RM20 4BU	Devonshire Close	Grays	£239,528	47