£583,710
This estimated value is based upon the latest sale price for the house of £113,000 on 8 May 1997. 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 |
|---|---|
| £113,000 | 8 May 1997 |
| Detached |
| Freehold |
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 May 1997 the House Price Index for THURROCK was 28.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 416.558%.Applying this 416.558% change to the original purchase price of £113,000 results in an estimated price of approximately £583,710.
| 8 May 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.8 | 148.6 | 416.558 % | £113,000 | £470,710 | £583,710 |
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 | 405.265 % | £457,949 | £570,949 |
| 3 Month Average | 307.591 % | £347,578 | £460,578 |
| 6 Month Average | 391.304 % | £442,173 | £555,173 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jul 2022 | £434,169 | £433,000 | 33 ALBERT CLOSE |
| 28 Jun 2022 | £481,809 | £475,000 | 19 MAYFIELDS |
| 21 Jun 2022 | £456,451 | £450,000 | 8 MAYFIELDS |
| 29 Apr 2022 | £420,158 | £408,000 | 11 MAYFIELDS |
| 25 Feb 2022 | £422,624 | £403,000 | 31 MARLBOROUGH CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Mayfields |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mayfields |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mayfields |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mayfields |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mayfields |