£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 | 19.432 % | £81,613 | £501,613 |
3 Month Average | -11.422 % | £-47,974 | £372,025 |
6 Month Average | -11.921 % | £-50,070 | £369,929 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
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 |
10 Dec 2021 | £351,315 | £325,500 | 177 CRAMMAVILL STREET |
3 Dec 2021 | £399,344 | £370,000 | 28 PALINS WAY |
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 |
---|---|---|---|
Jun 2024 | Public order | Unable to prosecute suspect | On or near Palins Way |
Jun 2024 | Public order | Awaiting court outcome | On or near Palins Way |
Jun 2024 | Public order | Awaiting court outcome | On or near Palins Way |
May 2024 | Public order | Unable to prosecute suspect | On or near Palins Way |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Palins Way |