£422,323
This estimated value is based upon the latest sale price for the house of £279,995 on 27 Nov 2014. 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 |
|---|---|
| £279,995 | 27 Nov 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 2014 the House Price Index for THURROCK was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £279,995 results in an estimated price of approximately £422,323.
| 27 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 149.7 | 50.833 % | £279,995 | £142,328 | £422,323 |
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 | 70.666 % | £197,861 | £477,856 |
| 3 Month Average | 67.514 % | £189,035 | £469,030 |
| 6 Month Average | 63.872 % | £178,837 | £458,832 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £400,000 | £400,000 | 3 COLBURN WAY |
| 6 Apr 2023 | £413,739 | £406,000 | 4 COLBURN WAY |
| 23 Aug 2022 | £421,973 | £420,000 | 21 WOODSIDE CLOSE |
| 22 Nov 2021 | £430,360 | £395,000 | 6 COLBURN WAY |
| 10 Sep 2021 | £398,947 | £367,500 | 23 GRANGEWICK ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 19 Sep 2014. Using an estimated price of £422,324 means this house is valued at £4,445 per sq meter (£413 per sq foot).
The average size of a house on GRANGEWICK ROAD is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Grangewick Road |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Grangewick Road |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Grangewick Road |
| Aug 2024 | Anti-social behaviour | On or near Grangewick Road | |
| Aug 2024 | Anti-social behaviour | On or near Grangewick Road |