£344,676
This estimated value is based upon the latest sale price for the house of £279,000 on 8 Oct 2019. This value is then adjusted by the current Official House Price Index for THURROCK 1
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Unit 2, Lakeside Business Village, Fleming Road, Chafford Hundred, Grays, RM16 6EW
Phone: 01372434711
| Price Paid | Date |
|---|---|
| £279,000 | 8 Oct 2019 |
| £133,500 | 11 Aug 2005 |
| £48,000 | 6 Nov 1998 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 £279,000 results in an estimated price of approximately £344,676.
| 8 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £279,000 | £65,676 | £344,676 |
The Postcode Pricing Model uses changes in average sales price within the RM20 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 | -9.217 % | £-25,715 | £253,284 |
| 3 Month Average | 10.058 % | £28,062 | £307,062 |
| 6 Month Average | 20.667 % | £57,661 | £336,661 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £282,162 | £275,000 | 5 CHARLOTTE PLACE |
| 24 Aug 2023 | £290,235 | £285,000 | 17 CHAPEL CLOSE |
| 9 Feb 2023 | £332,219 | £330,000 | 13 CREDO WAY |
| 27 Jan 2023 | £327,876 | £327,000 | 21 CHAPEL CLOSE |
| 23 Jan 2023 | £317,849 | £317,000 | 44 CHAPEL CLOSE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 13 Jul 2019. Using an estimated price of £344,677 means this house is valued at £5,650 per sq meter (£524 per sq foot).
The average size of a house on CREDO WAY is 58 sq meters (625 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Chapel Close | |
| Jun 2024 | Anti-social behaviour | On or near Chapel Close | |
| Jun 2024 | Anti-social behaviour | On or near Chapel Close | |
| Jun 2024 | Anti-social behaviour | On or near Chapel Close | |
| Sep 2024 | Other theft | Under investigation | On or near Credo Way |