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Company No. 11113204
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According to the public record, 1, Springfield Road, Grays is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 554 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Springfield Road, Grays is £205,662 and the estimated rental value is £1,396 per month.
Springfield Road, Grays, RM16 is located within the RM16 postal district.
1, Springfield Road, Grays has 2 entries in the Land Registry , most recently in April 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Springfield Road, Grays is in very good condition we estimate a sale value of £215,945 and a rental value of £1,465 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £191,265 and a rental value of £1,298 per month.
Over the last 12 months the sale value of 1 Springfield Road Grays has increased by an estimated £3,227 (1.6%) and its rental value has increased by an estimated £45 per month (3.3%), giving an expected gross yield of 8.1%.
According to HM Land Registry, 1, Springfield Road, Grays was last sold on 17th April 2014 for £120,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since April 2014, the market for similar properties has risen 103.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Springfield Road, Grays within a radius of 850 metres over the last 2 years.
The most recent example is 14, Springfield Road, Grays, RM16 2QT, a leasehold flat which sold for £170,000 on the 17th July 2020.
Read more about house prices in RM16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Road, Grays, RM16 has a total of 85 addresses. According to our analysis of all the public data, 1, Springfield Road, Grays is the 65th largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in RM16.
The closest station to 1, Springfield Road, Grays is Grays station which is 2.7 kilometres away.
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 1, Springfield Road, Grays, 91.3% of property is socially rented and 7.9% is privately rented.
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 1, Springfield Road, Grays, 30.3% of residents are recorded as possessing school level qualifications and 15.3% 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 1, Springfield Road, Grays, the average age was 40.2 and the most common age was 37.
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 1, Springfield Road, Grays, 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 1, Springfield Road, Grays, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
