£367,587
This estimated value is based upon the latest sale price for the house of £295,000 on 6 Aug 2018. 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 |
|---|---|
| £295,000 | 6 Aug 2018 |
| £179,995 | 13 Oct 2005 |
| £70,000 | 30 Nov 2000 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 August 2018 the House Price Index for THURROCK was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £295,000 results in an estimated price of approximately £367,587.
| 6 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £295,000 | £72,587 | £367,587 |
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 | 3.826 % | £11,286 | £306,286 |
| 3 Month Average | 13.185 % | £38,895 | £333,895 |
| 6 Month Average | 7.722 % | £22,781 | £317,781 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £446,866 | £440,000 | 58 DOCK ROAD |
| 21 Apr 2023 | £407,624 | £400,000 | 12 TYRRELLS HALL CLOSE |
| 17 Apr 2023 | £422,910 | £415,000 | 9 LANDER ROAD |
| 24 Mar 2023 | £368,148 | £362,000 | 121 CRESCENT AVENUE |
| 8 Feb 2023 | £307,051 | £305,000 | 36 RECTORY ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 16 Apr 2018. Using an estimated price of £367,588 means this house is valued at £4,653 per sq meter (£432 per sq foot).
The average size of a house on RECTORY ROAD is 83 sq meters (896 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Crescent Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Crescent Avenue |
| Aug 2024 | Vehicle crime | Unable to prosecute suspect | On or near Crescent Avenue |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Crescent Avenue |
| Aug 2024 | Vehicle crime | Under investigation | On or near Crescent Avenue |