£373,935
This estimated value is based upon the latest sale price for the house of £306,000 on 25 Sep 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 |
|---|---|
| £306,000 | 25 Sep 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 September 2019 the House Price Index for THURROCK was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.201%.Applying this 22.201% change to the original purchase price of £306,000 results in an estimated price of approximately £373,935.
| 25 Sep 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.0 | 22.201 % | £306,000 | £67,935 | £373,935 |
The Postcode Pricing Model uses changes in average sales price within the RM17 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 | -0.761 % | £-2,328 | £303,671 |
| 3 Month Average | 28.094 % | £85,968 | £391,968 |
| 6 Month Average | 9.334 % | £28,562 | £334,562 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £460,000 | £460,000 | 83 CHADWELL ROAD |
| 5 Jul 2023 | £565,348 | £560,000 | 31 WOOD VIEW |
| 9 Sep 2022 | £474,232 | £480,000 | 21 MEADWAY |
| 31 Aug 2022 | £481,745 | £485,000 | 17 MEADWAY |
| 30 Mar 2022 | £490,237 | £475,000 | 13 WOOD VIEW |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 11 Mar 2019. Using an estimated price of £373,935 means this house is valued at £4,249 per sq meter (£394 per sq foot).
The average size of a house on MEADWAY is 121 sq meters (1,308 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Chadwell Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wood View |
| Apr 2024 | Public order | Under investigation | On or near B149 |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near B149 |