£224,581
This estimated value is based upon the latest sale price for the house of £181,788 on 18 Oct 2019. 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 |
|---|---|
| £181,788 | 18 Oct 2019 |
| £325,000 | 5 Jan 2017 |
| £199,995 | 6 Sep 2007 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 2019 the House Price Index for THURROCK was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £181,788 results in an estimated price of approximately £224,581.
| 18 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £181,788 | £42,793 | £224,581 |
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 | 3.332 % | £6,057 | £187,845 |
| 3 Month Average | 23.229 % | £42,227 | £224,015 |
| 6 Month Average | 13.879 % | £25,230 | £207,018 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £368,197 | £365,000 | 12 FLEETHALL GROVE |
| 10 Apr 2024 | £395,434 | £392,000 | 37 WHITMORE AVENUE |
| 13 Dec 2023 | £392,047 | £380,000 | 40 FLEETHALL GROVE |
| 23 Nov 2023 | £384,767 | £375,000 | 2 WHITMORE AVENUE |
| 26 Aug 2022 | £401,879 | £400,000 | 13 CHAFFORD WAY |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 8 Jun 2016. Using an estimated price of £224,581 means this house is valued at £2,098 per sq meter (£194 per sq foot).
The average size of a house on CHAFFORD WAY is 96 sq meters (1,043 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chafford Way |
| Jul 2024 | Vehicle crime | Under investigation | On or near Fleethall Grove |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fleethall Grove |
| Oct 2024 | Anti-social behaviour | On or near Prince Philip Avenue | |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Prince Philip Avenue |