£358,237
This estimated value is based upon the latest sale price for the house of £330,000 on 9 Sep 2021. 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 |
---|---|
£330,000 | 9 Sep 2021 |
Semi-Detached |
Freehold |
Floor Area: 72 sq meters or 775 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 2021 the House Price Index for THURROCK was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £330,000 results in an estimated price of approximately £358,237.
9 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.9 | 149.7 | 8.557 % | £330,000 | £28,237 | £358,237 |
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 | 35.342 % | £116,628 | £446,628 |
3 Month Average | 1.802 % | £5,945 | £335,945 |
6 Month Average | -2.928 % | £-9,662 | £320,337 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £428,156 | £415,000 | 121 BLACKSHOTS LANE |
13 Nov 2023 | £446,330 | £435,000 | 31 ASHLEY GARDENS |
28 Apr 2023 | £420,872 | £413,000 | 1 ASHLEY GARDENS |
20 Jan 2023 | £411,098 | £410,000 | 10 FAIRFIELD AVENUE |
16 Jan 2023 | £476,273 | £475,000 | 160 BLACKSHOTS LANE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 14 Jul 2021. Using an estimated price of £358,238 means this house is valued at £4,975 per sq meter (£462 per sq foot).
The average size of a house on ASHLEY GARDENS is 98 sq meters (1,058 sq feet).