£411,776
This estimated value is based upon the latest sale price for the house of £320,000 on 26 May 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 | 26 May 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 May 2017 the House Price Index for THURROCK was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £320,000 results in an estimated price of approximately £411,776.
| 26 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £320,000 | £91,776 | £411,776 |
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 | 9.048 % | £28,952 | £348,952 |
| 3 Month Average | 1.675 % | £5,360 | £325,360 |
| 6 Month Average | 19.778 % | £63,288 | £383,288 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £549,616 | £540,000 | 239 BLACKSHOTS LANE |
| 21 Apr 2023 | £349,766 | £346,000 | 213 BLACKSHOTS LANE |
| 7 Feb 2023 | £444,701 | £445,000 | 13 ELMWAY |
| 17 Jun 2022 | £542,669 | £535,000 | 5 THE FIRS |
| 29 Apr 2022 | £401,622 | £390,000 | 142 WHITMORE AVENUE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 25 Oct 2013. Using an estimated price of £411,777 means this house is valued at £4,159 per sq meter (£386 per sq foot).
The average size of a house on ELMWAY is 123 sq meters (1,328 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| 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 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farm Drive |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Oakway |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oakway |