£275,009
This estimated value is based upon the latest sale price for the house of £158,000 on 23 Sep 2011. 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 |
|---|---|
| £158,000 | 23 Sep 2011 |
| £76,000 | 31 Jul 2000 |
| £56,500 | 24 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2011 the House Price Index for THURROCK was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.057%.Applying this 74.057% change to the original purchase price of £158,000 results in an estimated price of approximately £275,009.
| 23 Sep 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.057 % | £158,000 | £117,009 | £275,009 |
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 | 121.675 % | £192,247 | £350,247 |
| 3 Month Average | 73.563 % | £116,229 | £274,229 |
| 6 Month Average | 70.702 % | £111,709 | £269,709 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £383,453 | £375,000 | 43 MILFORD ROAD |
| 29 Jul 2022 | £348,492 | £345,000 | 80 SPRINGFIELD ROAD |
| 10 Feb 2022 | £341,236 | £323,000 | 39 SPRINGFIELD ROAD |
| 17 Jan 2022 | £373,720 | £352,500 | 48 SPRINGFIELD ROAD |
| 22 Dec 2021 | £350,775 | £325,000 | 37 SPRINGFIELD ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 16 Sep 2021. Using an estimated price of £275,010 means this house is valued at £2,750 per sq meter (£255 per sq foot).
The average size of a house on JESMOND ROAD is 83 sq meters (902 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Jesmond Road |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Jesmond Road |
| May 2024 | Violence and sexual offences | Offender given a caution | On or near Jesmond Road |
| Jun 2024 | Anti-social behaviour | On or near Milford Road | |
| Jun 2024 | Anti-social behaviour | On or near Milford Road |