£354,046
This estimated value is based upon the latest sale price for the house of £355,000 on 12 Aug 2022. This value is then adjusted by the current Official House Price Index for THURROCK 1
There has been one burglary within the last year on or near Archates Avenue
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1 Orsett Road, Grays, RM17 5DA
Phone: 01375318740
| Price Paid | Date |
|---|---|
| £355,000 | 12 Aug 2022 |
| £270,000 | 6 Oct 2017 |
| £175,000 | 10 Oct 2012 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 2022 the House Price Index for THURROCK was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £355,000 results in an estimated price of approximately £354,046.
| 12 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.6 | -0.268 % | £355,000 | £-953 | £354,046 |
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 | -6.154 % | £-21,846 | £333,153 |
| 3 Month Average | -17.986 % | £-63,849 | £291,150 |
| 6 Month Average | -5.968 % | £-21,187 | £333,812 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Feb 2023 | £449,697 | £450,000 | 67 HOGG LANE |
| 9 Jan 2023 | £270,725 | £272,000 | 113 HOGG LANE |
| 12 Aug 2022 | £354,047 | £355,000 | 56 ARCHATES AVENUE |
| 10 Jun 2022 | £319,515 | £315,000 | 79 HOGG LANE |
| 31 May 2022 | £540,178 | £530,000 | 60 ARCHATES AVENUE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 3 May 2012. Using an estimated price of £354,047 means this house is valued at £6,437 per sq meter (£598 per sq foot).
The average size of a house on ARCHATES AVENUE is 100 sq meters (1,086 sq feet).
This house is the smallest in the street with a floor area of 55 sq meters (592 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Archates Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Archates Avenue |
| Jan 2024 | Burglary | Under investigation | On or near Archates Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Boleyn Close |
| Jan 2024 | Anti-social behaviour | On or near Boleyn Close |