£197,871
This estimated value is based upon the latest sale price for the house of £86,000 on 22 Aug 2003. 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 |
|---|---|
| £86,000 | 22 Aug 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 August 2003 the House Price Index for THURROCK was 64.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 130.083%.Applying this 130.083% change to the original purchase price of £86,000 results in an estimated price of approximately £197,871.
| 22 Aug 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 148.6 | 130.083 % | £86,000 | £111,871 | £197,871 |
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 | 114.946 % | £98,853 | £184,853 |
| 3 Month Average | 68.941 % | £59,289 | £145,289 |
| 6 Month Average | 100.705 % | £86,606 | £172,606 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £379,857 | £375,000 | 43 MILFORD ROAD |
| 17 Jul 2023 | £334,502 | £330,000 | 18 JESMOND ROAD |
| 29 Jul 2022 | £345,931 | £345,000 | 80 SPRINGFIELD ROAD |
| 10 Feb 2022 | £338,728 | £323,000 | 39 SPRINGFIELD ROAD |
| 17 Jan 2022 | £370,974 | £352,500 | 48 SPRINGFIELD ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 11 Jul 2013. Using an estimated price of £197,871 means this house is valued at £3,411 per sq meter (£316 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 76 sq meters (822 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Milford Road | |
| Mar 2024 | Anti-social behaviour | On or near Milford Road | |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Milford Road |