£427,485
This estimated value is based upon the latest sale price for the house of £343,500 on 28 Jan 2019. 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 |
---|---|
£343,500 | 28 Jan 2019 |
Terraced |
Freehold |
Floor Area: 157 sq meters or 1,689 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 January 2019 the House Price Index for THURROCK was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £343,500 results in an estimated price of approximately £427,485.
28 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.450 % | £343,500 | £83,985 | £427,485 |
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 | 61.939 % | £212,758 | £556,258 |
3 Month Average | 11.641 % | £39,985 | £383,485 |
6 Month Average | 6.639 % | £22,805 | £366,305 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £404,943 | £392,500 | 53 HEATHLAND WAY |
25 May 2022 | £462,037 | £450,000 | 86 KING EDWARD DRIVE |
20 Apr 2022 | £466,840 | £450,000 | 12 KING EDWARD DRIVE |
16 Feb 2022 | £724,730 | £686,000 | 51 WOOD VIEW |
3 Dec 2021 | £451,151 | £418,000 | 2 KING EDWARD DRIVE |
This house has a floor area of 157 sq meters or 1,689 sq feet when measured on 5 Jul 2017. Using an estimated price of £427,486 means this house is valued at £2,722 per sq meter (£252 per sq foot).
The average size of a house on KING EDWARD DRIVE is 127 sq meters (1,371 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Local resolution | On or near Hazel Gardens |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazel Gardens |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazel Gardens |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazel Gardens |
Apr 2024 | Vehicle crime | Under investigation | On or near King Edward Drive |