£386,404
This estimated value is based upon the latest sale price for the house of £210,000 on 26 Jun 2009. This value is then adjusted by the current Official House Price Index for THURROCK 1
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23 Lodge Lane, Grays, RM17 5RY
Phone: 01375318674
| Price Paid | Date |
|---|---|
| £210,000 | 26 Jun 2009 |
| £89,995 | 7 May 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 56 sq meters or 611 sq feet |
This model uses changes in the Official Land Registry House Price Index for THURROCK to estimate the market value.
When this house was purchased in June 2009 the House Price Index for THURROCK was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.002%.Applying this 84.002% change to the original purchase price of £210,000 results in an estimated price of approximately £386,404.
| 26 Jun 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 84.002 % | £210,000 | £176,404 | £386,404 |
The Postcode Pricing Model uses changes in average sales price within the RM16 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 108.577 % | £228,011 | £438,011 |
| 3 Month Average | 57.809 % | £121,399 | £331,399 |
| 6 Month Average | 81.551 % | £171,257 | £381,257 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £569,973 | £560,000 | 20 CHESTNUT AVENUE |
| 5 Dec 2023 | £427,479 | £420,000 | 18 CHESTNUT AVENUE |
| 29 Sep 2023 | £379,857 | £375,000 | 53 CONNAUGHT AVENUE |
| 28 Apr 2023 | £566,095 | £560,000 | 2 CRAFTSMAN CLOSE |
| 27 May 2022 | £458,642 | £450,000 | 9 FAIRWAY |
This house has a floor area of 56 sq meters or 611 sq feet when measured on 3 Apr 2009. Using an estimated price of £386,404 means this house is valued at £6,802 per sq meter (£632 per sq foot).
The average size of a house on CONNAUGHT AVENUE is 104 sq meters (1,122 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Craftsman Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Craftsman Close |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near The Close |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Long Lane |