2, Drake Road
2, Drake Road
Description & Estimates
Public records show 2, Drake Road, Grays to be a modern freehold house with 1,291 ft2 of internal area, sitting on a 366 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
2, Drake Road, Grays has an estimated sale value of £537,874 and an estimated rental value of £2,579 per month, assuming reasonable condition and based on the information available.
Drake Road, Chafford Hundred, Grays, RM16 lies within the RM16 postal district.
Our Data Sources
2, Drake Road, Grays has a single entry in the Land Registry from November 2023 and a single entry in the EPC database dated August 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 2, Drake Road, Grays would be worth £564,768, with a potential rental value of £2,708 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £500,223, with a rental value of £2,398 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2, Drake Road, Grays has increased by £2,836 (0.5%) over the last year. During the same period, its estimated monthly rental value has grown by £75 (2.9%). The property's estimated gross yield is currently 5.8%.
Plot Size
2, Drake Road, Grays occupies a 366 m2 plot as recorded by HM Land Registry.
Of the 27 other houses in this postcode, 21 have recorded plot sizes, and this one ranks as the 4th largest.
Energy Efficiency
2, Drake Road, Grays has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Aug 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
2, Drake Road, Grays last changed hands on 20th November 2023, selling for £600,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 0.1% since November 2023.
- Sold Nov 2023£600,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 510 metres of 2, Drake Road, Grays across the last 2 years.
Most recently, 11, Diamond Close, Grays, RM16 6PU, a freehold house, sold at £500,000 on the 15th August 2024.
Read more about house prices in RM16.
- Sold Aug 2024£500,000 | 4 Bed House11, Diamond Close, Grays, RM16 6PU11, Diamond Close, Grays, RM16 6PU
- Sold May 2024£545,000 | 4 Bed House21, Cecil Avenue, Grays, RM16 6QA21, Cecil Avenue, Grays, RM16 6QA
- Sold Feb 2024£480,000 | 4 Bed House12, Drake Road, Grays, RM16 6PP12, Drake Road, Grays, RM16 6PP
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 2, Drake Road, Grays as the 32nd largest and the 35th most expensive of the 165 addresses on Drake Road, Chafford Hundred, Grays, RM16.
Against the RM16 postcode district average, it is £133k more expensive than the typical property.
More reading links
Schools Nearby
- 500mTudor Court Primary School
- 900mWarren Primary School
- 1.4kmBelmont Castle Academy
- 1.5kmHarris Academy Chafford Hundred
- 1.6kmThe Hathaway Academy
- 2.0kmGrays Convent High School
More reading links
Public Transport Nearby
Chafford Hundred Lakeside station is the nearest stop to 2, Drake Road, Grays at 1.5 kilometres away.
- 1.5kmChafford Hundred Lakeside
- 2.1kmGrays
- 3.4kmOckendon
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
