£340,361
This estimated value is based upon the latest sale price for the house of £277,000 on 24 Jan 2020. This value is then adjusted by the current Official House Price Index for THURROCK 1
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1 Orsett Road, Grays, RM17 5DA
Phone: 01375318740
| Price Paid | Date |
|---|---|
| £277,000 | 24 Jan 2020 |
| £152,000 | 29 Aug 2003 |
| £82,500 | 7 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 2020 the House Price Index for THURROCK was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £277,000 results in an estimated price of approximately £340,361.
| 24 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £277,000 | £63,361 | £340,361 |
The Postcode Pricing Model uses changes in average sales price within the RM17 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 | 16.403 % | £45,435 | £322,435 |
| 3 Month Average | -2.123 % | £-5,881 | £271,118 |
| 6 Month Average | 9.583 % | £26,546 | £303,546 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jun 2023 | £377,561 | £369,995 | 80 LONDON ROAD |
| 4 Mar 2022 | £511,527 | £490,000 | 76 GROVELANDS WAY |
| 20 Sep 2021 | £325,671 | £300,000 | 13 GROVELANDS WAY |
| 30 Jun 2021 | £383,708 | £355,000 | 18 GROVELANDS WAY |
| 18 Jun 2021 | £345,877 | £320,000 | 74 GROVELANDS WAY |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 20 Sep 2019. Using an estimated price of £340,362 means this house is valued at £5,005 per sq meter (£465 per sq foot).
The average size of a house on GROVELANDS WAY is 80 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Grovelands Way |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Eastern Way |
| Jun 2024 | Other crime | Unable to prosecute suspect | On or near Eastern Way |
| Jun 2024 | Violence and sexual offences | Local resolution | On or near Eastern Way |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Eastern Way |