£577,753
This estimated value is based upon the latest sale price for the house of £560,000 on 7 Dec 2023. 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 |
|---|---|
| £560,000 | 7 Dec 2023 |
| £195,000 | 26 Mar 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 64 sq meters or 697 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 December 2023 the House Price Index for THURROCK was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £560,000 results in an estimated price of approximately £577,753.
| 7 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £560,000 | £17,753 | £577,753 |
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 | -3.938 % | £-22,053 | £537,946 |
| 3 Month Average | 1.925 % | £10,778 | £570,778 |
| 6 Month Average | -3.740 % | £-20,946 | £539,053 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £577,753 | £560,000 | 20 CHESTNUT AVENUE |
| 5 Dec 2023 | £433,315 | £420,000 | 18 CHESTNUT AVENUE |
| 21 Nov 2023 | £513,023 | £500,000 | 28 WINDSOR AVENUE |
| 13 Oct 2023 | £196,974 | £192,500 | 48 WINDSOR AVENUE |
| 29 Sep 2023 | £383,453 | £375,000 | 53 CONNAUGHT AVENUE |
This house has a floor area of 64 sq meters or 697 sq feet when measured on 21 Aug 2009. Using an estimated price of £577,753 means this house is valued at £8,915 per sq meter (£828 per sq foot).
The average size of a house on CHESTNUT AVENUE is 120 sq meters (1,298 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other crime | Under investigation | On or near Windsor Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Windsor Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bodell Close |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodcutters Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Craftsman Close |