£431,886
This estimated value is based upon the latest sale price for the house of £322,000 on 19 Aug 2016. 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 |
|---|---|
| £322,000 | 19 Aug 2016 |
| Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2016 the House Price Index for THURROCK was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £322,000 results in an estimated price of approximately £431,886.
| 19 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £322,000 | £109,886 | £431,886 |
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 | 67.946 % | £218,785 | £540,785 |
| 3 Month Average | 25.819 % | £83,138 | £405,138 |
| 6 Month Average | 29.605 % | £95,328 | £417,328 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £557,119 | £540,000 | 239 BLACKSHOTS LANE |
| 27 Oct 2023 | £427,714 | £418,000 | 236 BLACKSHOTS LANE |
| 30 Jun 2023 | £413,282 | £405,000 | 50 LEASWAY |
| 21 Apr 2023 | £352,595 | £346,000 | 213 BLACKSHOTS LANE |
| 7 Feb 2023 | £447,993 | £445,000 | 13 ELMWAY |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 26 Feb 2016. Using an estimated price of £431,887 means this house is valued at £5,537 per sq meter (£514 per sq foot).
There is one other house on the street which we know the size of, this is 1 FARM DRIVE it is 128.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Elmway |
| Jun 2024 | Other theft | Under investigation | On or near Leasway |
| Apr 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near The Firs |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Firs |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Blackshots Lane |