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Company No. 11113204
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38, Hemley Road, Grays is recorded publicly as a modern freehold house across 1,496 ft2 of internal area, sitting on a 379 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 38, Hemley Road, Grays is £576,746 and its rental estimate is £2,762 per month, given the available information and assuming reasonable condition.
Hemley Road, Orsett, Grays, RM16 falls within the RM16 postal district.
38, Hemley Road, Grays has a single entry in the Land Registry from December 2020 and a single entry in the EPC database dated August 2020.
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.
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 38, Hemley Road, Grays, we estimate a market value of £605,583 and a rental value of £2,900 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £536,374 and £2,569 per month respectively.
Over the last year, 38, Hemley Road, Grays has seen its estimated sale value increase by £3,041 (0.5%) and its estimated rental value grow by £80 per month (2.9%). This results in an estimated gross rental yield of 5.7%.
HM Land Registry records the plot of land for 38, Hemley Road, Grays as measuring 379 m2.
That makes it the 8th largest plot in the postcode, where all 56 other houses have recorded plot data.
38, Hemley Road, Grays has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 38, Hemley Road, Grays completed on 22nd December 2020 at £477,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 8.9% over the period since December 2020.
Over the past 2 years 3 properties similar to 38, Hemley Road, Grays have sold within a radius of 1.9 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st August 2024, was 3, Hemley Road, Grays, RM16 3DG, a freehold house which sold for £550,000.
Read more about house prices in RM16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 101 addresses on Hemley Road, Orsett, Grays, RM16, 38, Hemley Road, Grays comes out as the 10th largest and the 10th most expensive in our analysis of the public data.
It is also £172k more expensive than the average property across the RM16 district.
From 38, Hemley Road, Grays, the nearest station is Stanford-le-Hope, 2.5 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 38, Hemley Road, Grays, 50.3% of property is privately owned with a mortgage and 36.4% is privately owned outright.
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 38, Hemley Road, Grays, 15.4% of residents are recorded as possessing school level qualifications and 32.3% 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 38, Hemley Road, Grays, the average age was 43.5 and the most common age was 57.
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 38, Hemley Road, Grays, 1.0% 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 38, Hemley Road, Grays, there are an average of 1.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
