£311,150
This estimated value is based upon the latest sale price for the house of £245,000 on 10 Nov 2017. This value is then adjusted by the current Official House Price Index for THURROCK 1
There has been one burglary within the last year on or near Mill Lane
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Unit 2, Lakeside Business Village, Fleming Road, Chafford Hundred, Grays, RM16 6EW
Phone: 01372434711
| Price Paid | Date |
|---|---|
| £245,000 | 10 Nov 2017 |
| £136,500 | 6 Feb 2015 |
| £38,000 | 19 Oct 1998 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 2017 the House Price Index for THURROCK was 117.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.000%.Applying this 27.000% change to the original purchase price of £245,000 results in an estimated price of approximately £311,150.
| 10 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 149.7 | 27.000 % | £245,000 | £66,150 | £311,150 |
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 | 8.755 % | £21,448 | £266,448 |
| 3 Month Average | 34.309 % | £84,055 | £329,055 |
| 6 Month Average | 40.921 % | £100,255 | £345,255 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £322,100 | £315,000 | 24 MILL LANE |
| 18 Aug 2023 | £250,009 | £245,500 | 30 THE CHASE |
| 20 Jan 2023 | £276,739 | £276,000 | 35 THE CHASE |
| 6 Jan 2023 | £240,643 | £240,000 | 8 MILL LANE |
| 29 Jul 2022 | £11,212,348 | £11,100,000 | 434 LONDON ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 4 Nov 2014. Using an estimated price of £311,150 means this house is valued at £4,786 per sq meter (£444 per sq foot).
The average size of a house on MILL LANE is 75 sq meters (807 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Unable to prosecute suspect | On or near Mill Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Mill Lane |
| Oct 2024 | Anti-social behaviour | On or near Mill Lane | |
| Sep 2024 | Burglary | Under investigation | On or near Mill Lane |
| Sep 2024 | Anti-social behaviour | On or near Mill Lane |