£427,714
This estimated value is based upon the latest sale price for the house of £420,000 on 24 Aug 2023. This value is then adjusted by the current Official House Price Index for THURROCK 1
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45 Orsett Road, Grays, RM17 5HJ
Phone: 01372434712
| Price Paid | Date |
|---|---|
| £420,000 | 24 Aug 2023 |
| £237,500 | 25 Jun 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2023 the House Price Index for THURROCK was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £420,000 results in an estimated price of approximately £427,714.
| 24 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £420,000 | £7,714 | £427,714 |
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 | 1.200 % | £5,039 | £425,039 |
| 3 Month Average | -1.483 % | £-6,229 | £413,770 |
| 6 Month Average | -5.880 % | £-24,694 | £395,305 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2024 | £440,000 | £440,000 | 2 PALINS WAY |
| 19 Apr 2024 | £408,548 | £405,000 | 1 PALINS WAY |
| 2 Oct 2023 | £425,668 | £416,000 | 9 PALINS WAY |
| 24 Aug 2023 | £427,714 | £420,000 | 7 PALINS WAY |
| 31 Mar 2023 | £304,530 | £299,444 | 39 GODDARD ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 1 Apr 2014. Using an estimated price of £427,714 means this house is valued at £4,973 per sq meter (£462 per sq foot).
The average size of a house on PALINS WAY is 94 sq meters (1,016 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palins Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Palins Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Palins Way |
| Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Simmons Place |
| Oct 2024 | Vehicle crime | Under investigation | On or near Westland View |