Flat 2 Drake House Drake Road

    FLAT 2 DRAKE HOUSE, DRAKE ROAD, CHAFFORD HUNDRED, GRAYS, RM16 6RX

    This flat/maisonette leasehold property on Drake Road last sold in August 2001 for £69,000. Based on price growth in the RM16 district since then, its estimated current value is £176,936 — placing it in the 19th percentile nationally and the 1st percentile within RM16. The property covers 50 m² (538 sq ft), giving an estimated value of £3,539 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    538 sq ft

    50 m²

    Last Sale Price

    £69,000

    Aug 2001

    Estimated Valuation

    £176,936

    Est. £/sq ft

    £329/sq ft

    £3,539/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area538 sq ft (50 m²)
    EPC dateFeb 2017
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Aug 2001

    New build

    £69,000

    Key Metrics

    Estimated valuation£176,936
    Value per sq ft / m²£329/sq ft (£3,539/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM16 district percentile1st percentile
    National percentile19th percentile

    District Context — RM16

    RM16 covers the southern reaches of Essex, including Aveley and areas around the Thames estuary. It is a suburban district with a family-oriented character and strong owner-occupier presence.

    Average Property Price - RM16

    £406,304

    68

    National percentile

    Average Net Household Income - RM16

    £34,045

    25

    National percentile

    10-Year Annualised Price Growth - RM16

    4.2%

    71

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM16

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