£341,083
This estimated value is based upon the latest sale price for the house of £280,000 on 2 Jul 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 |
---|---|
£280,000 | 2 Jul 2020 |
Terraced |
Freehold |
Floor Area: 67 sq meters or 721 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 July 2020 the House Price Index for THURROCK was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £280,000 results in an estimated price of approximately £341,083.
2 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.9 | 149.7 | 21.815 % | £280,000 | £61,083 | £341,083 |
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 | 104.326 % | £292,113 | £572,113 |
3 Month Average | -9.422 % | £-26,380 | £253,619 |
6 Month Average | 11.889 % | £33,290 | £313,290 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Mar 2022 | £511,527 | £490,000 | 76 GROVELANDS WAY |
29 Oct 2021 | £183,920 | £165,000 | 36 KILN WAY |
23 Sep 2021 | £412,516 | £380,000 | 4 KILN WAY |
20 Sep 2021 | £325,671 | £300,000 | 13 GROVELANDS WAY |
30 Jun 2021 | £383,708 | £355,000 | 18 GROVELANDS WAY |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 5 Feb 2020. Using an estimated price of £341,083 means this house is valued at £5,090 per sq meter (£472 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 |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kiln Way |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Curling Lane |
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Malthouse Drive |
May 2024 | Drugs | Investigation complete; no suspect identified | On or near Malthouse Drive |