£398,198
This estimated value is based upon the latest sale price for the house of £300,000 on 1 Nov 2016. This value is then adjusted by the current Official House Price Index for THURROCK 1
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45 Orsett Road, Grays, RM17 5HJ
Phone: 01372434712
| Price Paid | Date |
|---|---|
| £300,000 | 1 Nov 2016 |
| £152,500 | 22 Nov 2002 |
| £70,000 | 4 Apr 1997 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 November 2016 the House Price Index for THURROCK was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £300,000 results in an estimated price of approximately £398,198.
| 1 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £300,000 | £98,198 | £398,198 |
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 | 62.007 % | £186,020 | £486,020 |
| 3 Month Average | 36.524 % | £109,572 | £409,572 |
| 6 Month Average | 32.191 % | £96,572 | £396,572 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £446,330 | £435,000 | 191 LODGE LANE |
| 16 Nov 2023 | £607,419 | £592,000 | 17 MEAD CLOSE |
| 12 Aug 2022 | £480,246 | £478,000 | 4 MEAD CLOSE |
| 27 May 2022 | £369,630 | £360,000 | 29 MEAD CLOSE |
| 25 May 2022 | £800,864 | £780,000 | 194 LODGE LANE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 14 Mar 2016. Using an estimated price of £398,199 means this house is valued at £3,687 per sq meter (£342 per sq foot).
The average size of a house on MEAD CLOSE is 123 sq meters (1,330 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Under investigation | On or near Conrad Close |
| Sep 2024 | Burglary | Under investigation | On or near Conrad Gardens |
| Aug 2024 | Other crime | Under investigation | On or near Conrad Gardens |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Conrad Gardens |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lucas Road |