£416,035
This estimated value is based upon the latest sale price for the house of £320,000 on 9 Feb 2017. 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 |
|---|---|
| £320,000 | 9 Feb 2017 |
| £194,995 | 20 Feb 2009 |
| £164,000 | 26 Sep 2003 |
| 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 February 2017 the House Price Index for THURROCK was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £320,000 results in an estimated price of approximately £416,035.
| 9 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £320,000 | £96,035 | £416,035 |
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 | 55.833 % | £178,665 | £498,665 |
| 3 Month Average | 3.708 % | £11,865 | £331,865 |
| 6 Month Average | 20.005 % | £64,014 | £384,014 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £456,762 | £450,000 | 64 FAIRWAY |
| 5 Sep 2022 | £424,075 | £427,500 | 130 WHITMORE AVENUE |
| 14 Jul 2022 | £401,581 | £400,500 | 149 WHITMORE AVENUE |
| 20 Apr 2022 | £396,473 | £385,000 | 131 WHITMORE AVENUE |
| 1 Feb 2022 | £424,721 | £405,000 | 128 WHITMORE AVENUE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 5 Dec 2008. Using an estimated price of £416,035 means this house is valued at £4,160 per sq meter (£386 per sq foot).
The average size of a house on OAKWAY is 113 sq meters (1,218 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Whitmore Avenue |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Whitmore Avenue |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Whitmore Avenue |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Whitmore Avenue |
| Feb 2024 | Drugs | Unable to prosecute suspect | On or near Whitmore Avenue |