£486,914
This estimated value is based upon the latest sale price for the house of £387,500 on 25 May 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 |
|---|---|
| £387,500 | 25 May 2018 |
| £310,000 | 29 May 2015 |
| £230,000 | 28 Aug 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,026 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 May 2018 the House Price Index for THURROCK was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £387,500 results in an estimated price of approximately £486,914.
| 25 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £387,500 | £99,414 | £486,914 |
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 | 34.352 % | £133,112 | £520,612 |
| 3 Month Average | 14.305 % | £55,433 | £442,933 |
| 6 Month Average | 6.070 % | £23,519 | £411,019 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2024 | £494,292 | £490,000 | 79 BRADLEIGH AVENUE |
| 1 Sep 2023 | £465,256 | £455,000 | 115 LODGE LANE |
| 7 Mar 2023 | £427,133 | £420,000 | 71 BRADLEIGH AVENUE |
| 15 Feb 2023 | £563,766 | £560,000 | 100 LODGE LANE |
| 25 Aug 2022 | £492,302 | £490,000 | 59 WARD AVENUE |
This house has a floor area of 95 sq meters or 1,026 sq feet when measured on 29 Jan 2010. Using an estimated price of £486,914 means this house is valued at £5,103 per sq meter (£474 per sq foot).
The average size of a house on BRADLEIGH AVENUE is 112 sq meters (1,216 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tennyson Avenue |
| Aug 2024 | Anti-social behaviour | On or near Tennyson Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Tennyson Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Tennyson Avenue | |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tennyson Avenue |