£527,608
This estimated value is based upon the latest sale price for the house of £425,000 on 31 Oct 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 |
|---|---|
| £425,000 | 31 Oct 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 October 2018 the House Price Index for THURROCK was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £425,000 results in an estimated price of approximately £527,608.
| 31 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £425,000 | £102,608 | £527,608 |
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 | 15.078 % | £64,083 | £489,083 |
| 3 Month Average | -1.092 % | £-4,639 | £420,360 |
| 6 Month Average | 4.060 % | £17,256 | £442,256 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £457,022 | £450,000 | 138 LONG LANE |
| 7 Dec 2023 | £577,753 | £560,000 | 20 CHESTNUT AVENUE |
| 5 Dec 2023 | £433,315 | £420,000 | 18 CHESTNUT AVENUE |
| 2 Oct 2023 | £429,761 | £420,000 | 96 CONNAUGHT AVENUE |
| 29 Sep 2023 | £383,453 | £375,000 | 53 CONNAUGHT AVENUE |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 6 Apr 2018. Using an estimated price of £527,608 means this house is valued at £4,548 per sq meter (£422 per sq foot).
The average size of a house on CHESTNUT AVENUE is 120 sq meters (1,298 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Craftsman Close |
| Jun 2024 | Possession of weapons | Awaiting court outcome | On or near Craftsman Close |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Windsor Avenue |