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Merton Place is a residential street with 12 addresses.
It ranks as the 88th largest and 101st most expensive of the 387 streets in the RM16 area. The dominant property type is a mid-century house built between 1936 and 1979.
The street contains a total of 12 properties: 12 houses.
Merton Place is a residential street with 12 addresses.
It ranks as the 88th largest and 101st most expensive of the 387 streets in the RM16 area. The dominant property type is a mid-century house built between 1936 and 1979.
The street contains a total of 12 properties: 12 houses.
Sale prices range from £344,171 for 3 bedroom freehold houses with a garden (861 ft2) to £409,256 for 3 bedroom freehold houses with a garden (861 ft2) .
Monthly rental prices range from £1,902 pcm for 3 bed houses to £2,208 pcm for 3 bed houses.
The gross rental yield is between 6.1% and 6.6%.
The average value per square foot is £394.
The last sale on Merton Place sold for £350,000 on 19th December 2024. Since then prices are up an average of 1.5%.
The current average value in the street is £364,004.
The Merton Place Sales Market has increased by 34.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.2% | £364,004 |
| May 2025 | 3.5% | £363,165 |
| May 2024 | -3% | £351,014 |
| May 2023 | 1.1% | £361,726 |
| May 2022 | 11.1% | £357,771 |
| May 2021 | 7.7% | £321,912 |
| May 2020 | 0.7% | £298,942 |
| May 2019 | -1.2% | £296,954 |
| May 2018 | 4.5% | £300,413 |
| May 2017 | 6% | £287,527 |
| May 2016 | 19.8% | £271,320 |
| May 2015 | 16% | £226,545 |
| May 2014 | 12.8% | £195,311 |
| May 2013 | 2.3% | £173,155 |
| May 2012 | -0.1% | £169,300 |
| May 2011 | -1.1% | £169,435 |
| May 2010 | 6.4% | £171,250 |
| May 2009 | -14.1% | £160,885 |
| May 2008 | 1.1% | £187,308 |
| May 2007 | 0% | £185,223 |
The current average rental value in the street is £1,985.
The Merton Place Rental Market has increased by 58.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.7% | £1,985pcm |
| May 2025 | 5.4% | £1,915pcm |
| May 2024 | 10.3% | £1,817pcm |
| May 2023 | 11.5% | £1,647pcm |
| May 2022 | 9.6% | £1,477pcm |
| May 2021 | 3.2% | £1,347pcm |
| May 2020 | 2.2% | £1,305pcm |
| May 2019 | 0.6% | £1,277pcm |
| May 2018 | 0.8% | £1,269pcm |
| May 2017 | 0.5% | £1,259pcm |
| May 2016 | 6.9% | £1,253pcm |
| May 2015 | 10.3% | £1,171pcm |
| May 2014 | 5% | £1,062pcm |
| May 2013 | 4% | £1,011pcm |
| May 2012 | 4.7% | £972pcm |
| May 2011 | 3.6% | £928pcm |
| May 2010 | 4.6% | £897pcm |
| May 2009 | -5.4% | £857pcm |
| May 2008 | 5.5% | £906pcm |
| May 2007 | 0% | £859pcm |
The last sale was on 19th December 2024 for £350,000 and since then the market in the area has increased by 1.5%. The street has had a total of 12 sales since 1995.
Merton Place, Grays, RM16 has seen 1 sale in the last three years and no sales in the last twelve months.
Merton Place, Grays, RM16 is the 88th largest and the 101st most expensive street in the RM16 area.
There is 1 postcode on Merton Place, Grays, RM16.
The closest station to Merton Place, Grays, RM16 is Tilbury Town station which is 2.4 kilometres away.
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According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Merton Place, Grays, RM16, 36.3% of property is socially rented and 33.3% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Merton Place, Grays, RM16, 33.3% of residents are recorded as possessing school level qualifications and 26.5% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Merton Place, Grays, RM16, the average age was 38.6 and the most common age was 7.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Merton Place, Grays, RM16, 0.7% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Merton Place, Grays, RM16, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.