£622,296
This estimated value is based upon the latest sale price for the house of £580,000 on 25 Jun 2021. 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 |
|---|---|
| £580,000 | 25 Jun 2021 |
| £239,352 | 18 Jul 2012 |
| £89,000 | 29 Aug 1996 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,275 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 June 2021 the House Price Index for THURROCK was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £580,000 results in an estimated price of approximately £622,296.
| 25 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £580,000 | £42,296 | £622,296 |
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 | 3.583 % | £20,783 | £600,783 |
| 3 Month Average | -18.649 % | £-108,163 | £471,836 |
| 6 Month Average | -4.593 % | £-26,638 | £553,361 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £497,363 | £490,000 | 98 BLACKSHOTS LANE |
| 8 Nov 2023 | £461,837 | £455,000 | 80D BLACKSHOTS LANE |
| 13 Jul 2022 | £476,282 | £475,000 | 11 BROADVIEW AVENUE |
| 4 Jul 2022 | £596,606 | £595,000 | 9 BLACKSHOTS LANE |
| 27 Jan 2022 | £463,060 | £440,000 | 16 CULFORD ROAD |
This house has a floor area of 118 sq meters or 1,275 sq feet when measured on 5 Nov 2010. Using an estimated price of £622,296 means this house is valued at £5,251 per sq meter (£487 per sq foot).
The average size of a house on BLACKSHOTS LANE is 100 sq meters (1,081 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Broadview Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Broadview Avenue |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Haven Place |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |