£389,641
This estimated value is based upon the latest sale price for the house of £265,000 on 11 May 2015. 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 |
---|---|
£265,000 | 11 May 2015 |
Semi-Detached |
Freehold |
Floor Area: 70 sq meters or 753 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 May 2015 the House Price Index for THURROCK was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £265,000 results in an estimated price of approximately £389,641.
11 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
101.8 | 149.7 | 47.034 % | £265,000 | £124,641 | £389,641 |
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 | 67.871 % | £179,857 | £444,857 |
3 Month Average | 64.503 % | £170,932 | £435,932 |
6 Month Average | 58.702 % | £155,560 | £420,560 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £330,145 | £320,000 | 18 CROFTON ROAD |
7 Aug 2023 | £432,806 | £425,000 | 54 CROFTON ROAD |
9 Jun 2023 | £479,611 | £470,000 | 26 CROFTON ROAD |
9 May 2022 | £539,043 | £525,000 | 42 GORDON ROAD |
14 May 2021 | £421,209 | £370,000 | 71 GORDON ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 6 Mar 2015. Using an estimated price of £389,641 means this house is valued at £5,566 per sq meter (£517 per sq foot).
The average size of a house on CROFTON ROAD is 86 sq meters (936 sq feet).