£618,675
This estimated value is based upon the latest sale price for the house of £441,000 on 13 Nov 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 |
|---|---|
| £441,000 | 13 Nov 2015 |
| £341,000 | 20 Mar 2006 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 2015 the House Price Index for THURROCK was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £441,000 results in an estimated price of approximately £618,675.
| 13 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £441,000 | £177,675 | £618,675 |
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 | 32.271 % | £142,317 | £583,317 |
| 3 Month Average | 38.335 % | £169,057 | £610,057 |
| 6 Month Average | 41.394 % | £182,546 | £623,546 |
| 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 106 sq meters or 1,140 sq feet when measured on 10 Jul 2015. Using an estimated price of £618,676 means this house is valued at £5,836 per sq meter (£542 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 |