21, Merlin Close
21, Merlin Close
Description & Estimates
21, Merlin Close, Grays is recorded publicly as a modern leasehold apartment across 893 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 21, Merlin Close, Grays is £288,417 and its rental estimate is £1,616 per month, given the available information and assuming reasonable condition.
Merlin Close, Chafford Hundred, Grays, RM16 falls within the RM16 postal district.
Our Data Sources
21, Merlin Close, Grays has 21 entries in the Land Registry , most recently in June 2023 and a single entry in the EPC database dated February 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 21, Merlin Close, Grays, we estimate a market value of £302,838 and a rental value of £1,697 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £268,228 and £1,503 per month respectively.
Recent Market Change
Over the last year, 21, Merlin Close, Grays has seen its estimated sale value drop by £1,669 (0.6%) and its estimated rental value rise by £31 per month (1.9%). This results in an estimated gross rental yield of 6.7%.
Energy Efficiency
21, Merlin Close, Grays has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Feb 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters, Electric storage heaters.
Sold Prices
The most recent sale of 21, Merlin Close, Grays completed on 29th June 2023 at £265,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 5.6% over the period since June 2023.
- Sold Jun 2023£265,000
- Sold Jul 2000£119,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 21, Merlin Close, Grays have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st July 2024, was 11, Carew Close, Grays, RM16 6RZ, a leasehold flat which sold for £285,000.
Read more about house prices in RM16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 42 addresses on Merlin Close, Chafford Hundred, Grays, RM16, 21, Merlin Close, Grays comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £117k less expensive than the average property across the RM16 district.
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Schools Nearby
- 700mTudor Court Primary School
- 700mWarren Primary School
- 1.2kmHarris Primary Academy Mayflower
- 1.2kmHarris Academy Chafford Hundred
- 1.7kmThe Hathaway Academy
- 2.0kmGrays Convent High School
More reading links
Public Transport Nearby
From 21, Merlin Close, Grays, the nearest station is Chafford Hundred Lakeside, 1.3 kilometres away.
- 1.3kmChafford Hundred Lakeside
- 2.0kmGrays
- 3.6kmOckendon
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
