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According to the public record, Flat 4, Rectory Court, Grays is a modern leasehold apartment with 563 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 Flat 4, Rectory Court, Grays is £190,123 and the estimated rental value is £1,284 per month.
The apartment is within Rectory Court, Rectory Road, Grays, RM17.
Rectory Road, Grays, RM17 is located within the RM17 postal district.
Flat 4, Rectory Court, Grays has 51 entries in the Land Registry , most recently in October 2020 and a single entry in the EPC database dated January 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 Flat 4, Rectory Court, Grays is in very good condition we estimate a sale value of £199,630 and a rental value of £1,348 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £176,815 and a rental value of £1,194 per month.
Over the last 12 months the sale value of Flat 4 Rectory Court Grays has decreased by an estimated £2,167 (1.1%) and its rental value has increased by an estimated £25 per month (2.0%), giving an expected gross yield of 8.1%.
Flat 4, Rectory Court, Grays has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jan 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, Flat 4, Rectory Court, Grays was last sold on 9th October 2020 for £204,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since October 2020, the market for similar properties has risen 7.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Rectory Court, Grays within a radius of 570 metres over the last 2 years.
The most recent example is Flat 14, Rectory Court, Rectory Road, Grays, RM17 6FG, a leasehold flat which sold for £205,000 on the 18th August 2023.
Read more about house prices in RM17.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rectory Road, Grays, RM17 has a total of 302 addresses. According to our analysis of all the public data, Flat 4, Rectory Court, Grays is the 270th largest and the 276th most expensive property on the street.
When compared to the postcode district it is £118k less expensive than the average property in RM17.
The closest station to Flat 4, Rectory Court, Grays is Grays station which is 1.3 kilometres away.
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 Flat 4, Rectory Court, Grays, 42.3% of property is privately owned with a mortgage and 35.0% 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 Flat 4, Rectory Court, Grays, 19.0% of residents are recorded as possessing school level qualifications and 23.7% 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 Flat 4, Rectory Court, Grays, the average age was 40.9 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 Flat 4, Rectory Court, Grays, 0.4% 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 Flat 4, Rectory Court, Grays, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
