£434,040
This estimated value is based upon the latest sale price for the house of £370,000 on 30 Oct 2020. 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 |
|---|---|
| £370,000 | 30 Oct 2020 |
| Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 October 2020 the House Price Index for THURROCK was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £370,000 results in an estimated price of approximately £434,040.
| 30 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £370,000 | £64,040 | £434,040 |
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 | 7.823 % | £28,945 | £398,945 |
| 3 Month Average | -17.592 % | £-65,090 | £304,909 |
| 6 Month Average | 2.947 % | £10,903 | £380,903 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £497,363 | £490,000 | 98 BLACKSHOTS LANE |
| 8 Nov 2023 | £461,837 | £455,000 | 80D BLACKSHOTS LANE |
| 30 Jun 2023 | £746,543 | £737,500 | 293 LONG LANE |
| 13 Mar 2023 | £394,719 | £391,000 | 1 RUSHLEY CLOSE |
| 12 Jan 2023 | £385,186 | £387,000 | 28 RUSHLEY CLOSE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 24 Mar 2020. Using an estimated price of £434,041 means this house is valued at £6,290 per sq meter (£584 per sq foot).
The average size of a house on BLACKSHOTS LANE is 100 sq meters (1,081 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Blackshots Lane |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Blackshots Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Broadview Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Broadview Avenue |
| Apr 2024 | Other crime | Further action is not in the public interest | On or near Blackshots Lane |