£421,346
This estimated value is based upon the latest sale price for the house of £340,000 on 30 Jul 2018. 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 |
|---|---|
| £340,000 | 30 Jul 2018 |
| £227,000 | 27 Jun 2014 |
| £128,000 | 16 Nov 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 July 2018 the House Price Index for THURROCK was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £340,000 results in an estimated price of approximately £421,346.
| 30 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.6 | 23.926 % | £340,000 | £81,346 | £421,346 |
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 | 8.611 % | £29,275 | £369,275 |
| 3 Month Average | -4.625 % | £-15,726 | £324,273 |
| 6 Month Average | 12.942 % | £44,002 | £384,002 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £409,966 | £405,000 | 50 LEASWAY |
| 14 Apr 2023 | £381,103 | £377,000 | 1 LEASWAY |
| 7 Feb 2023 | £444,701 | £445,000 | 13 ELMWAY |
| 16 Jan 2023 | £472,773 | £475,000 | 160 BLACKSHOTS LANE |
| 17 Jun 2022 | £542,669 | £535,000 | 5 THE FIRS |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 14 Dec 2015. Using an estimated price of £421,347 means this house is valued at £3,865 per sq meter (£359 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 | Other crime | Under investigation | On or near Leasway |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Leasway |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farm Drive |