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Chafford Hundred market report RM16 3, Grays
The RM16 3 (Chafford Hundred) house price history in full, 1995 to 2026, in cash and in today's money. Every figure on this page comes from the public record: 2,226 sales registered with HM Land Registry in RM16 3 (Grays) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register. Page updated 19 October 2026.
In short: the 2026 median for RM16 3 (Grays) is £425,000, from 23 registered sales, up 4% on five years earlier; the mean is £478,200, and by floor area homes here have averaged about £4,840 per square metre over the last five years. Behind the figures sit 2,226 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
RM16 3 is a postcode sector: one group of streets inside RM16 (Grays). This is as local as the public record gets, but sector medians move on fewer sales than a district's, so expect the lines to be lumpier.
Where RM16 3 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
Today's RM16 3 prices, from the sold record
The 2026 median for RM16 3 is £425,000, taken from 23 registered sales. The mean, which is what most sites call the "average house price", is £478,200, a little above it, the familiar pattern where pricier homes stretch the average.
RM16 3 prices by floor area
A square metre of RM16 3 home has cost about £4,840 on average across the last five years of sales, using the floor area on each home's Energy Performance Certificate: the measure that puts a studio and a five-bed on the same footing.
England and Wales as a whole trade at a £285,000 median, leaving RM16 3 49% above the national figure.
A typical RM16 3 home, priced year by year (1995 to 2026)
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £425,000 | £425,000 | 23 |
| 2025 | £425,000 | £435,163 | 63 |
| 2024 | £473,000 | £502,896 | 32 |
| 2023 | £445,000 | £488,946 | 39 |
| 2022 | £440,000 | £515,950 | 43 |
| 2021 | £407,500 | £515,948 | 83 |
| 2020 | £379,200 | £492,020 | 54 |
| 2019 | £375,000 | £491,535 | 43 |
| 2018 | £382,500 | £509,880 | 45 |
| 2017 | £335,000 | £456,906 | 59 |
| 2016 | £350,000 | £489,653 | 69 |
| 2015 | £305,000 | £430,965 | 76 |
| 2014 | £278,000 | £394,392 | 89 |
| 2013 | £280,000 | £402,892 | 45 |
| 2012 | £247,500 | £364,289 | 40 |
| 2011 | £247,500 | £373,630 | 47 |
| 2010 | £221,000 | £346,585 | 42 |
| 2009 | £233,800 | £375,835 | 50 |
| 2008 | £268,000 | £439,309 | 43 |
| 2007 | £271,300 | £460,200 | 108 |
| 2006 | £250,000 | £433,968 | 159 |
| 2005 | £247,200 | £439,916 | 128 |
| 2004 | £225,000 | £408,644 | 93 |
| 2003 | £184,500 | £339,894 | 78 |
| 2002 | £155,000 | £291,631 | 91 |
| 2001 | £111,000 | £213,392 | 81 |
| 2000 | £97,200 | £190,755 | 50 |
| 1999 | £91,000 | £181,358 | 74 |
| 1998 | £88,000 | £177,634 | 56 |
| 1997 | £79,500 | £163,038 | 117 |
| 1996 | £69,500 | £146,572 | 97 |
| 1995 | £80,000 | £173,908 | 109 |
In cash terms the typical RM16 3 home went from £80,000 in 1995 to £425,000 in 2026, roughly 5 times the price. Inflation explains only part of it: in today's money the rise is still about 144%, a genuine increase in what a home here costs. Measured in today's money the market peaked in 2022; the current median sits about 18% below that. Someone who bought at the 2022 peak has not yet seen that price back in real terms.
Year-on-year change in the RM16 3 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2002 (+39.6% on the year before); the weakest, 1996 (−13.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 year (since 2025) | 0.0% | −2.3% |
| 5 years (since 2021) | +0.8% | −3.8% |
| 6 years (since 2020) | +1.9% | −2.4% |
| 10 years (since 2016) | +2.0% | −1.4% |
| 20 years (since 2006) | +2.7% | −0.1% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
Sales activity in RM16 3
How many homes change hands
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
Over the last twelve months of data, 23 sales completed in RM16 3. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 99 sales a year before the financial crisis and 40 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
The shape of the RM16 3 market
This is a thin market: 23 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Against the RM16 district median, RM16 3 sits 8% higher, marking it as a dearer pocket of the district.
What tenants pay around RM16 3
The local authority for RM16 3 is Thurrock, and its ONS average private rent currently stands at £1,366 a month (May 2026 figures). A one-bed averages £930 a month here and a four-or-more-bed £2,174, so size does most of the work in setting the rent.
Average monthly rent by size, Thurrock
ONS Price Index of Private Rents, May 2026.
Against the £425,000 median purchase price, a rent of £1,366 a month (£16,392 a year) works out at a 3.9% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
RM16 3 (Chafford Hundred): the questions that come up
How much did a house sell for in RM16 3 (Chafford Hundred)?
Are property prices falling in RM16 3 (Chafford Hundred)?
Is RM16 3 (Chafford Hundred) a good place to buy a house?
Where do RM16 3 prices go next?
Prediction is not this page's business. Its business is the record, which says: the median is up 4% over five years in cash but down 18% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
What you could buy in RM16 now
This is what you could actually buy today: 9 homes currently on the market from 2 agents publishing to HomesIndex.
These cover the whole RM16 district, not just RM16 3: live asking prices are collected per district.
11% of current listings sit under the prices comparable homes actually fetched. Each listing is compared with recent recorded sales of similar homes nearby.
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
See every RM16 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
What another bedroom costs in RM
The Land Registry record, split by size: what each kind of home actually sold for across the RM area. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | £410,000 | £450,000 (+10%) | £500,000 (+11%) | £595,000 (+19%) | £763,750 (+28%) |
| Semi-detached | £365,000 | £415,000 (+14%) | £460,000 (+11%) | £568,000 (+23%) | £711,000 (+25%) |
| Terraced | £285,000 | £360,000 (+26%) | £400,000 (+11%) | £450,000 (+13%) | £512,000 (+14%) |
| Flat | £190,000 | £255,000 (+34%) | £295,000 (+16%) | — | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
The spread across the RM area is the point: the same five years treated these districts very differently.
Winners and losers across the RM area, five years
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in RM16
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of RM16, each linking to its own report:
Zoom out to the full RM16 district report for the type split, monthly volumes and how RM16 compares with its neighbours.
Before you sell in RM16 3: what the record supports
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in RM16 3, open the average prices map and zoom from the RM16 3 shading down to the sold homes on your own street. Every recorded RM16 3 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Go deeper
The AI answers from the same Land Registry data this report is built on, already scoped to RM16 3. Free after a one click sign in.
The live map plots every individual RM16 3 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.