£367,353
This estimated value is based upon the latest sale price for the house of £305,000 on 27 Mar 2020. 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 Caravel Close
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1 Orsett Road, Grays, RM17 5DA
Phone: 01375318740
Price Paid | Date |
---|---|
£305,000 | 27 Mar 2020 |
£227,000 | 8 May 2015 |
£187,000 | 22 Jan 2008 |
£104,000 | 4 Jan 2001 |
Semi-Detached |
Freehold |
Floor Area: 69 sq meters or 742 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 March 2020 the House Price Index for THURROCK was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £305,000 results in an estimated price of approximately £367,353.
27 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.4 | 148.6 | 20.444 % | £305,000 | £62,353 | £367,353 |
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 | 16.854 % | £51,404 | £356,404 |
3 Month Average | -5.907 % | £-18,017 | £286,982 |
6 Month Average | 7.545 % | £23,013 | £328,013 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Sep 2023 | £341,365 | £337,000 | 2 COURTENAY DRIVE |
14 Apr 2023 | £424,571 | £420,000 | 6 CHANCE CLOSE |
14 Mar 2023 | £179,693 | £178,000 | 23 CARAVEL CLOSE |
12 Sep 2022 | £406,716 | £410,000 | 20 CHANCE CLOSE |
20 May 2022 | £196,706 | £193,000 | 25 CARAVEL CLOSE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 6 Apr 2020. Using an estimated price of £367,353 means this house is valued at £5,323 per sq meter (£494 per sq foot).
The average size of a house on CARAVEL CLOSE is 57 sq meters (620 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Caravel Close |
Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Chance Close |
Feb 2024 | Anti-social behaviour | On or near Courtenay Drive | |
Feb 2024 | Anti-social behaviour | On or near Courtenay Drive | |
Feb 2024 | Anti-social behaviour | On or near Courtenay Drive |