£396,947
This estimated value is based upon the latest sale price for the house of £319,750 on 1 Oct 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 |
|---|---|
| £319,750 | 1 Oct 2018 |
| 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 October 2018 the House Price Index for THURROCK was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £319,750 results in an estimated price of approximately £396,947.
| 1 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £319,750 | £77,197 | £396,947 |
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 | -11.440 % | £-36,578 | £283,171 |
| 3 Month Average | -14.880 % | £-47,577 | £272,172 |
| 6 Month Average | 2.043 % | £6,532 | £326,282 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £464,030 | £460,000 | 83 CHADWELL ROAD |
| 8 Aug 2023 | £392,071 | £385,000 | 38 HOLLOWFIELD AVENUE |
| 9 Sep 2022 | £479,680 | £480,000 | 21 MEADWAY |
| 31 Aug 2022 | £487,278 | £485,000 | 17 MEADWAY |
| 1 Apr 2022 | £352,723 | £340,000 | 74 BOSCOMBE AVENUE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 2 Nov 2016. Using an estimated price of £396,948 means this house is valued at £4,615 per sq meter (£428 per sq foot).
The average size of a house on CHADWELL ROAD is 81 sq meters (879 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Chadwell Road |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Malvern Road |