£632,039
This estimated value is based upon the latest sale price for the house of £495,000 on 6 Sep 2017. 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 |
---|---|
£495,000 | 6 Sep 2017 |
Detached |
Freehold |
Floor Area: 184 sq meters or 1,980 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 September 2017 the House Price Index for THURROCK was 117.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.685%.Applying this 27.685% change to the original purchase price of £495,000 results in an estimated price of approximately £632,039.
6 Sep 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.2 | 149.7 | 27.685 % | £495,000 | £137,039 | £632,039 |
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 | 47.219 % | £233,735 | £728,735 |
3 Month Average | 29.138 % | £144,235 | £639,235 |
6 Month Average | 23.220 % | £114,940 | £609,940 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2024 | £457,022 | £450,000 | 138 LONG LANE |
7 Dec 2023 | £577,753 | £560,000 | 20 CHESTNUT AVENUE |
2 Oct 2023 | £429,761 | £420,000 | 96 CONNAUGHT AVENUE |
18 Aug 2023 | £677,214 | £665,000 | 75 WINDSOR AVENUE |
28 Apr 2023 | £570,674 | £560,000 | 2 CRAFTSMAN CLOSE |
This house has a floor area of 184 sq meters or 1,980 sq feet when measured on 20 Apr 2017. Using an estimated price of £632,040 means this house is valued at £3,435 per sq meter (£319 per sq foot).
The average size of a house on CHESTNUT AVENUE is 120 sq meters (1,298 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Violence and sexual offences | Under investigation | On or near Craftsman Close |
Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Craftsman Close |
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Craftsman Close |
Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Pines |
Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Pines |