Oakway - RM16 2HP
Key Postcode Insights
RM16 2HP is a residential postcode situated on Oakway, Grays, RM16 with 29 addresses.
It ranks as the 436th largest and 355th most expensive of the 673 postcodes in the RM16 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 29 properties: 29 houses.
- Ave. Sale Price
- £419,276
- 10 Year change
- up 31.1%
- Ave. Rental Price
- £2,134pcm
- 10 Year change
- up 59.9%
- Ave. £ per ft²
- £395/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Postcode Insights
RM16 2HP is a residential postcode situated on Oakway, Grays, RM16 with 29 addresses.
It ranks as the 436th largest and 355th most expensive of the 673 postcodes in the RM16 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 29 properties: 29 houses.
- Ave. Sale Price
- £419,276
- 10 Year change
- up 31.1%
- Ave. Rental Price
- £2,134pcm
- 10 Year change
- up 59.9%
- Ave. £ per ft²
- £395/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Sales Market Trends
The last sale in RM16 2HP sold for £322,000 on 26th May 2023. Since then prices are up an average of 1.7%.
The current average value in the postcode is £419,276.
The RM16 2HP Sales Market has increased by 31.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.6% | £419,276 |
| June 2025 | 3.4% | £416,711 |
| June 2024 | -2% | £402,895 |
| June 2023 | -0.1% | £411,217 |
| June 2022 | 10.3% | £411,516 |
| June 2021 | 7.7% | £372,976 |
| June 2020 | 1.7% | £346,357 |
| June 2019 | -1.1% | £340,590 |
| June 2018 | 4% | £344,420 |
| June 2017 | 3.6% | £331,244 |
| June 2016 | 17.1% | £319,705 |
| June 2015 | 11.6% | £272,941 |
| June 2014 | 11.2% | £244,529 |
| June 2013 | 3.5% | £219,968 |
| June 2012 | 0.6% | £212,505 |
| June 2011 | 0.4% | £211,250 |
| June 2010 | 11.4% | £210,384 |
| June 2009 | -13.8% | £188,839 |
| June 2008 | -1.3% | £219,068 |
| June 2007 | 0% | £222,027 |
Rental Market Trends
The current average rental value in the postcode is £2,134.
The RM16 2HP Rental Market has increased by 59.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4% | £2,134pcm |
| June 2025 | 5.8% | £2,051pcm |
| June 2024 | 9.7% | £1,938pcm |
| June 2023 | 12.9% | £1,767pcm |
| June 2022 | 8.1% | £1,566pcm |
| June 2021 | 2.7% | £1,449pcm |
| June 2020 | 2.6% | £1,410pcm |
| June 2019 | 1.6% | £1,374pcm |
| June 2018 | 0.7% | £1,353pcm |
| June 2017 | 0.6% | £1,343pcm |
| June 2016 | 7% | £1,335pcm |
| June 2015 | 8.4% | £1,248pcm |
| June 2014 | 4.7% | £1,151pcm |
| June 2013 | 3.9% | £1,099pcm |
| June 2012 | 5.1% | £1,058pcm |
| June 2011 | 3.4% | £1,007pcm |
| June 2010 | 6.9% | £974pcm |
| June 2009 | -5% | £912pcm |
| June 2008 | 5.2% | £959pcm |
| June 2007 | 0% | £912pcm |
Sales History
The last sale was on 26th May 2023 for £322,000 and since then the market in the area has increased by 1.7%. The postcode has had a total of 17 sales since 1995.
RM16 2HP has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold May 2023£322,000 | 3 Bed House25A, Oakway, Grays, RM16 2HP25A, Oakway, Grays, RM16 2HP
- Sold Oct 2022£440,000 | 3 Bed House8, Oakway, Grays, RM16 2HP8, Oakway, Grays, RM16 2HP
- Sold Sep 2022£450,000 | 3 Bed House15, Oakway, Grays, RM16 2HP15, Oakway, Grays, RM16 2HP
- Sold Nov 2020£330,000 | 4 Bed House6, Oakway, Grays, RM16 2HP6, Oakway, Grays, RM16 2HP
- Sold Nov 2019£288,000 | 4 Bed House25, Oakway, Grays, RM16 2HP25, Oakway, Grays, RM16 2HP
Nearby Postcodes
RM16 2HP is the 436th largest and the 355th most expensive postcode out of the 673 postcodes in the RM16 area.
- RM16 2HB, Meadow Road, Grays, RM16RM16 2HB6 Addresses|97 m away
- RM16 2HL, The Firs, Grays, RM16RM16 2HL20 Addresses|115 m away
- RM16 2HT, Whitmore Avenue, Grays, RM16RM16 2HT50 Addresses|118 m away
- RM16 2HS, Elmway, Grays, RM16RM16 2HS11 Addresses|120 m away
- RM16 2HJ, Elmway, Grays, RM16RM16 2HJ36 Addresses|128 m away
Property Types
- 1 modern house built after 1980
- 16 mid-century houses built between 1936 and 1979
- 12 other addresses of unknown type
- modern house (1)
- mid-century house (16)
- Unknown (12)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 17 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (2)
- F (0)
- C (5)
- G (0)
- D (10)
- No EPC (12)
Schools Nearby
- Stifford Clays Primary School500 m away
- Deneholm Primary School700 m away
- Little Thurrock Primary School1.5 km away
- William Edwards School400 m away
- The Hathaway Academy1.3 km away
- Orsett Heath Academy1.3 km away
More reading links
Public Transport Nearby
The closest station to RM16 2HP is Grays station, which is 2.8 kilometres away.
- Grays|2.8 km away
- Chafford Hundred Lakeside|3.7 km away
- Ockendon|3.9 km away
- Tilbury Town|4.4 km away
