£256,251
This estimated value is based upon the latest sale price for the house of £200,000 on 21 Jun 2017. 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 |
|---|---|
| £200,000 | 21 Jun 2017 |
| £370,000 | 22 Apr 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 2017 the House Price Index for THURROCK was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £200,000 results in an estimated price of approximately £256,251.
| 21 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £200,000 | £56,251 | £256,251 |
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 | 27.091 % | £54,182 | £254,182 |
| 3 Month Average | -3.800 % | £-7,599 | £192,400 |
| 6 Month Average | 20.410 % | £40,819 | £240,819 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £460,893 | £455,000 | 115 LODGE LANE |
| 15 Feb 2023 | £559,623 | £560,000 | 100 LODGE LANE |
| 25 Jan 2023 | £1,169,491 | £1,175,000 | UNIT 2 MOTHERWELL WAY |
| 5 Aug 2022 | £433,832 | £435,000 | 5 ALBERT CLOSE |
| 26 Jul 2022 | £434,169 | £433,000 | 33 ALBERT CLOSE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 22 Apr 2015. Using an estimated price of £256,251 means this house is valued at £2,537 per sq meter (£235 per sq foot).
The average size of a house on LODGE LANE is 121 sq meters (1,309 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Albert Close |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Albert Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Albert Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Albert Close |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Tennyson Avenue |