£428,713
This estimated value is based upon the latest sale price for the house of £322,000 on 19 Aug 2016. 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 |
|---|---|
| £322,000 | 19 Aug 2016 |
| Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 August 2016 the House Price Index for THURROCK was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £322,000 results in an estimated price of approximately £428,713.
| 19 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £322,000 | £106,713 | £428,713 |
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 | 40.572 % | £130,642 | £452,642 |
| 3 Month Average | 7.778 % | £25,043 | £347,043 |
| 6 Month Average | 29.330 % | £94,441 | £416,441 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £549,616 | £540,000 | 239 BLACKSHOTS LANE |
| 30 Jun 2023 | £409,966 | £405,000 | 50 LEASWAY |
| 21 Apr 2023 | £349,766 | £346,000 | 213 BLACKSHOTS LANE |
| 7 Feb 2023 | £444,701 | £445,000 | 13 ELMWAY |
| 20 Jan 2023 | £408,078 | £410,000 | 10 FAIRFIELD AVENUE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 26 Feb 2016. Using an estimated price of £428,713 means this house is valued at £5,496 per sq meter (£510 per sq foot).
There is one other house on the street which we know the size of, this is 1 FARM DRIVE it is 128.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farm Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Elmway |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elmway |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elmway |
| Mar 2024 | Anti-social behaviour | On or near Ashley Gardens |