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Chafford Hundred market report RM16, Grays
The RM16 (Chafford Hundred) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 24,219 HM Land Registry entries for RM16 (Grays), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Covers registered sales to July 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the middle 2026 sale in RM16 (Grays) came in at £400,000, out of 190 registered, up 13% on five years earlier, and the mean stands at £408,600, and by floor area homes here have averaged about £4,610 per square metre over the last five years. The record behind it is 24,219 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
RM16 is the postcode district covering Chafford Hundred, Chadwell St Mary, North Stifford in Grays. Districts are a practical way to slice a market: small enough to mean something locally, big enough to have a steady flow of sales to measure.
Where RM16 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 prices, from the sold record
190 sales were registered in RM16 in 2026, and the middle one of them, the median, went for £400,000. The mean works out at £408,600, practically level with it: prices here bunch tightly around the middle.
What a square metre costs in RM16
Averaged across five years of sales, floor space in RM16 costs about £4,610 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
England and Wales as a whole trade at a £285,000 median, leaving RM16 40% above the national figure.
RM16's median sold price, 1995 to 2026
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £400,000 | £400,000 | 190 |
| 2025 | £395,500 | £404,958 | 528 |
| 2024 | £392,000 | £416,777 | 453 |
| 2023 | £385,000 | £423,021 | 366 |
| 2022 | £385,000 | £451,456 | 531 |
| 2021 | £355,000 | £449,476 | 760 |
| 2020 | £325,500 | £422,343 | 522 |
| 2019 | £312,000 | £408,957 | 501 |
| 2018 | £315,000 | £419,901 | 600 |
| 2017 | £310,000 | £422,809 | 724 |
| 2016 | £280,000 | £391,723 | 765 |
| 2015 | £255,000 | £360,315 | 667 |
| 2014 | £229,000 | £324,877 | 782 |
| 2013 | £205,000 | £294,975 | 572 |
| 2012 | £195,000 | £287,016 | 441 |
| 2011 | £207,500 | £313,245 | 461 |
| 2010 | £200,000 | £313,651 | 475 |
| 2009 | £183,300 | £294,656 | 414 |
| 2008 | £200,000 | £327,842 | 455 |
| 2007 | £211,000 | £357,915 | 1,083 |
| 2006 | £190,000 | £329,816 | 1,178 |
| 2005 | £194,000 | £345,242 | 953 |
| 2004 | £173,000 | £314,202 | 1,283 |
| 2003 | £160,000 | £294,759 | 1,392 |
| 2002 | £143,500 | £269,994 | 1,651 |
| 2001 | £110,000 | £211,469 | 1,361 |
| 2000 | £97,000 | £190,363 | 1,034 |
| 1999 | £87,000 | £173,386 | 1,004 |
| 1998 | £81,000 | £163,504 | 900 |
| 1997 | £77,000 | £157,911 | 837 |
| 1996 | £67,500 | £142,354 | 691 |
| 1995 | £67,200 | £146,082 | 645 |
In cash terms the typical RM16 home went from £67,200 in 1995 to £400,000 in 2026, roughly 6 times the price. Inflation explains only part of it: in today's money the rise is still about 174%, a genuine increase in what a home here costs. Measured in today's money the market peaked in 2022; the current median sits about 11% 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 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 (+30.5% on the year before); the weakest, 2009 (−8.3%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of terraced homes dominate the record here, 32% of the typed total. A detached home currently trades at £580,000 against £214,500 for a flat, 2.7 times the price.
Median by property type, RM16
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £580,000 | 38 | 5,500 |
| Semi-detached | £420,000 | 71 | 6,330 |
| Terraced | £350,000 | 53 | 7,845 |
| Flats | £214,500 | 28 | 4,544 |
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +1.1% | −1.2% |
| 5 years (since 2021) | +2.4% | −2.3% |
| 10 years (since 2016) | +3.6% | +0.2% |
| 20 years (since 2006) | +3.8% | +1.0% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
The turnover behind the prices
Sales per year, counted
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
Month by month, five years back
Registrations by month. The repeating sawtooth is seasonality, and the right-hand edge always dips because the register lags completions.
The register shows 406 RM16 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 1,242 sales a year before the financial crisis and 414 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.
What homes rent for around RM16
For renting purposes RM16 sits in Thurrock. The ONS average private rent there is £1,366 a month (May 2026). 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.
Set against the £400,000 median sold price, £1,366 a month is £16,392 a year, a gross yield of 4.1%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
What people ask about RM16 (Chafford Hundred)
Is RM16 (Chafford Hundred) a good place to buy a house?
How much did a house sell for in RM16 (Chafford Hundred)?
Are property prices falling in RM16 (Chafford Hundred)?
Are RM16 prices heading up or down?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 13% over five years in cash but down 11% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
What is for sale in RM16 right now
Everything above is what homes in RM16 sold for. The live side of the market holds 77 homes at the moment, listed by 5 agents publishing to HomesIndex, at a typical asking price 6% below the RM16 median sold price.
25% of what is on the market here is asking below what comparable homes actually sold for. Each listing is compared with recent recorded sales of similar homes nearby.
- Cardinal Road, Chafford Hundred, Gray...
- Chichester Close, Chafford Hundred, G...
- Mayflower Road, Chafford Hundred, Gra...
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every RM16 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
Moving up a bedroom in RM: the cost
Real sold prices by size across the RM area, straight from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £450,000 | £575,000 (+28%) | £830,000 (+44%) | £1,150,000 (+39%) |
| Semi-detached | £365,000 | £425,000 (+16%) | £485,000 (+14%) | £635,000 (+31%) | £772,500 (+22%) |
| Terraced | £330,000 | £380,000 (+15%) | £435,000 (+14%) | £527,750 (+21%) | £662,500 (+26%) |
| Flat | £222,000 | £280,000 (+26%) | £360,000 (+29%) | — | — |
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. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
RM16 ranks 10 of 20 in the RM area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
Five-year change in the median, RM area districts
The districts that gained and lost most in cash terms, each row linking through to its own report.
Inside RM16, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| RM16 2 | £430,000 | 58 |
| RM16 3 | £414,000 | 17 |
| RM16 4 | £365,000 | 41 |
| RM16 5 | £437,600 | 3 |
| RM16 6 | £358,000 | 71 |
How RM16 compares nearby
Same city, different markets. The neighbouring districts of the RM area, dearest first:
| District | Median | 5-year |
|---|---|---|
| RM4 | £570,000 | -8% |
| RM14 | £535,000 | -3% |
| RM11 | £498,000 | +8% |
| RM2 | £487,500 | +3% |
| RM12 | £475,000 | +12% |
| RM1 | £467,500 | +37% |
| RM6 | £435,000 | +9% |
| RM13 | £435,000 | +18% |
| RM5 | £430,000 | +10% |
| RM3 | £420,000 | +16% |
| RM7 | £420,000 | +10% |
| RM16 (this report) | £400,000 | +13% |
| RM10 | £390,000 | +15% |
| RM8 | £387,800 | +16% |
| RM9 | £372,500 | +13% |
| RM15 | £357,500 | +12% |
| RM18 | £332,500 | +16% |
| RM17 | £330,000 | +14% |
| RM20 | £305,200 | +15% |
| RM19 | £223,000 | -2% |
Thinking of selling in RM16? Get a rough value first
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in RM16, open the average prices map and zoom from the RM16 shading down to the sold homes on your own street. Every recorded RM16 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim RM16.
Keep digging
Behind the answers sits the same Land Registry record as this page, with RM16 already set as the subject. Free, one click sign in.
The live map plots every individual RM16 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.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.