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Torel Way is a residential street with 10 addresses.
It ranks as the 76th largest and 160th most expensive of the 387 streets in the RM16 area. The dominant property type is a modern house built after 1980.
The street contains a total of 10 properties: 10 houses.
Torel Way is a residential street with 10 addresses.
It ranks as the 76th largest and 160th most expensive of the 387 streets in the RM16 area. The dominant property type is a modern house built after 1980.
The street contains a total of 10 properties: 10 houses.
Sale prices range from £388,978 for 3 bedroom freehold houses with a garden (861 ft2) to £448,964 for 4 bedroom freehold houses with a garden (1,087 ft2) .
Monthly rental prices range from £2,057 pcm for 3 bed houses to £2,362 pcm for 4 bed houses.
The gross rental yield is between 6.3% and 6.3%.
The average value per square foot is £449.
The last sale on Torel Way sold for £322,500 on 26th February 2021. Since then prices are up an average of 15.9%.
The current average value in the street is £401,899.
The Torel Way Sales Market has increased by 33.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.2% | £401,899 |
| May 2025 | 3.4% | £401,231 |
| May 2024 | -2.7% | £388,138 |
| May 2023 | 1.2% | £398,741 |
| May 2022 | 10.3% | £393,941 |
| May 2021 | 7.4% | £357,272 |
| May 2020 | 1.1% | £332,663 |
| May 2019 | -0.7% | £329,194 |
| May 2018 | 4.4% | £331,677 |
| May 2017 | 5.4% | £317,557 |
| May 2016 | 17.6% | £301,420 |
| May 2015 | 13.8% | £256,279 |
| May 2014 | 10.7% | £225,218 |
| May 2013 | 2.1% | £203,387 |
| May 2012 | 0% | £199,277 |
| May 2011 | 0.2% | £199,258 |
| May 2010 | 9.4% | £198,953 |
| May 2009 | -13.5% | £181,877 |
| May 2008 | 0.8% | £210,178 |
| May 2007 | 0% | £208,545 |
The current average rental value in the street is £2,122.
The Torel Way Rental Market has increased by 57.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.2% | £2,122pcm |
| May 2025 | 5.2% | £2,056pcm |
| May 2024 | 9.7% | £1,955pcm |
| May 2023 | 13.3% | £1,783pcm |
| May 2022 | 8.2% | £1,573pcm |
| May 2021 | 2.7% | £1,454pcm |
| May 2020 | 3% | £1,416pcm |
| May 2019 | 1.1% | £1,374pcm |
| May 2018 | 0.6% | £1,360pcm |
| May 2017 | 0.5% | £1,351pcm |
| May 2016 | 6.1% | £1,344pcm |
| May 2015 | 8.1% | £1,267pcm |
| May 2014 | 4.4% | £1,172pcm |
| May 2013 | 3.8% | £1,122pcm |
| May 2012 | 5.2% | £1,081pcm |
| May 2011 | 4% | £1,028pcm |
| May 2010 | 6.3% | £988pcm |
| May 2009 | -4.4% | £930pcm |
| May 2008 | 5.4% | £972pcm |
| May 2007 | 0% | £922pcm |
The last sale was on 26th February 2021 for £322,500 and since then the market in the area has increased by 15.9%. The street has had a total of 12 sales since 1995.
Torel Way, Grays, RM16 has seen no sales in the last three years and no sales in the last twelve months.
Torel Way, Grays, RM16 is the 76th largest and the 160th most expensive street in the RM16 area.
There is 1 postcode on Torel Way, Grays, RM16.
The closest station to Torel Way, Grays, RM16 is Grays 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 Torel Way, Grays, RM16, % of property is and % is .
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 Torel Way, Grays, RM16, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 Torel Way, Grays, RM16, 0.0% 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 Torel Way, Grays, RM16, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.