£710,706
This estimated value is based upon the latest sale price for the house of £542,000 on 2 Dec 2016. This value is then adjusted by the current Official House Price Index for THURROCK 1
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45 Orsett Road, Grays, RM17 5HJ
Phone: 01372434712
| Price Paid | Date |
|---|---|
| £542,000 | 2 Dec 2016 |
| £285,000 | 30 Jun 2014 |
| £235,000 | 9 Apr 2013 |
| Detached |
| Freehold |
| Floor Area: 190 sq meters or 2,045 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 December 2016 the House Price Index for THURROCK was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £542,000 results in an estimated price of approximately £710,706.
| 2 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £542,000 | £168,706 | £710,706 |
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 | 22.601 % | £122,498 | £664,498 |
| 3 Month Average | 4.797 % | £25,998 | £567,998 |
| 6 Month Average | 19.171 % | £103,904 | £645,904 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £441,537 | £435,000 | 191 LODGE LANE |
| 21 Nov 2023 | £507,514 | £500,000 | 28 WINDSOR AVENUE |
| 16 Nov 2023 | £600,896 | £592,000 | 17 MEAD CLOSE |
| 5 Apr 2022 | £514,900 | £500,000 | 150 LODGE LANE |
| 10 Mar 2022 | £362,692 | £350,000 | 8 MEAD CLOSE |
This house has a floor area of 190 sq meters or 2,045 sq feet when measured on 29 Feb 2016. Using an estimated price of £710,706 means this house is valued at £3,740 per sq meter (£347 per sq foot).
The average size of a house on LODGE LANE is 121 sq meters (1,309 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bodell Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Griffins |
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near The Griffins |
| Apr 2024 | Anti-social behaviour | On or near Lodge Lane | |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lodge Lane |