£575,880
This estimated value is based upon the latest sale price for the house of £485,000 on 10 Sep 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 |
|---|---|
| £485,000 | 10 Sep 2020 |
| Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 September 2020 the House Price Index for THURROCK was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £485,000 results in an estimated price of approximately £575,880.
| 10 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £485,000 | £90,880 | £575,880 |
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 | -4.588 % | £-22,250 | £462,749 |
| 3 Month Average | -14.732 % | £-71,451 | £413,548 |
| 6 Month Average | 5.080 % | £24,636 | £509,636 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £399,490 | £392,500 | 53 HEATHLAND WAY |
| 25 May 2022 | £458,642 | £450,000 | 86 KING EDWARD DRIVE |
| 20 Apr 2022 | £463,410 | £450,000 | 12 KING EDWARD DRIVE |
| 16 Feb 2022 | £719,404 | £686,000 | 51 WOOD VIEW |
| 3 Dec 2021 | £447,836 | £418,000 | 2 KING EDWARD DRIVE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 23 Jun 2020. Using an estimated price of £575,880 means this house is valued at £5,283 per sq meter (£490 per sq foot).
The average size of a house on KING EDWARD DRIVE is 127 sq meters (1,371 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazel Gardens |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazel Gardens |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazel Gardens |
| Apr 2024 | Vehicle crime | Under investigation | On or near King Edward Drive |
| Apr 2024 | Public order | Under investigation | On or near B149 |