£354,698
This estimated value is based upon the latest sale price for the house of £75,000 on 18 Jun 1998. 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 |
|---|---|
| £75,000 | 18 Jun 1998 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 June 1998 the House Price Index for THURROCK was 31.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 372.931%.Applying this 372.931% change to the original purchase price of £75,000 results in an estimated price of approximately £354,698.
| 18 Jun 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.7 | 149.7 | 372.931 % | £75,000 | £279,698 | £354,698 |
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 | 439.568 % | £329,676 | £404,676 |
| 3 Month Average | 324.241 % | £243,180 | £318,180 |
| 6 Month Average | 325.091 % | £243,817 | £318,817 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £355,937 | £345,000 | 30 WHITMORE AVENUE |
| 17 Nov 2023 | £461,720 | £450,000 | 64 FAIRWAY |
| 10 Feb 2023 | £439,939 | £437,000 | 115 PRINCE PHILIP AVENUE |
| 30 Nov 2022 | £388,185 | £390,000 | 129 PRINCE PHILIP AVENUE |
| 5 Sep 2022 | £427,215 | £427,500 | 130 WHITMORE AVENUE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 31 Jan 2014. Using an estimated price of £354,699 means this house is valued at £3,138 per sq meter (£291 per sq foot).
The average size of a house on FAIRWAY is 116 sq meters (1,250 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Whitmore Avenue |
| Jun 2024 | Anti-social behaviour | On or near Whitmore Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Whitmore Avenue | |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Whitmore Avenue |
| Jun 2024 | Anti-social behaviour | On or near Whitmore Avenue |