£643,675
This estimated value is based upon the latest sale price for the house of £440,000 on 22 Jun 2015. 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 |
|---|---|
| £440,000 | 22 Jun 2015 |
| Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 June 2015 the House Price Index for THURROCK was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £440,000 results in an estimated price of approximately £643,675.
| 22 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 149.7 | 46.290 % | £440,000 | £203,675 | £643,675 |
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 | 76.910 % | £338,405 | £778,405 |
| 3 Month Average | 42.407 % | £186,591 | £626,591 |
| 6 Month Average | 46.357 % | £203,972 | £643,972 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £386,980 | £380,000 | 115 VICTORIA AVENUE |
| 20 Apr 2023 | £522,269 | £512,500 | 14 REGENT CLOSE |
| 28 Jun 2022 | £485,375 | £475,000 | 19 MAYFIELDS |
| 21 Jun 2022 | £459,829 | £450,000 | 8 MAYFIELDS |
| 29 Apr 2022 | £423,268 | £408,000 | 11 MAYFIELDS |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 9 Jul 2020. Using an estimated price of £643,675 means this house is valued at £3,720 per sq meter (£345 per sq foot).
The average size of a house on VICTORIA AVENUE is 115 sq meters (1,241 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Avenue |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Regent Close |
| May 2024 | Anti-social behaviour | On or near Regent Close | |
| May 2024 | Anti-social behaviour | On or near Regent Close | |
| May 2024 | Anti-social behaviour | On or near Regent Close |