£401,331
This estimated value is based upon the latest sale price for the house of £325,000 on 27 Sep 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 |
|---|---|
| £325,000 | 27 Sep 2018 |
| £300,000 | 29 Jul 2016 |
| £77,500 | 7 Mar 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2018 the House Price Index for THURROCK was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £325,000 results in an estimated price of approximately £401,331.
| 27 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £325,000 | £76,331 | £401,331 |
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 | 5.575 % | £18,118 | £343,118 |
| 3 Month Average | -12.060 % | £-39,194 | £285,805 |
| 6 Month Average | 4.394 % | £14,281 | £339,281 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £425,440 | £420,000 | 60 GORDON ROAD |
| 7 Aug 2023 | £428,751 | £425,000 | 54 CROFTON ROAD |
| 9 Jun 2023 | £475,763 | £470,000 | 26 CROFTON ROAD |
| 14 Apr 2023 | £470,061 | £465,000 | 27 CARLTON ROAD |
| 9 May 2022 | £535,082 | £525,000 | 42 GORDON ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 14 Mar 2016. Using an estimated price of £401,331 means this house is valued at £5,423 per sq meter (£503 per sq foot).
The average size of a house on GORDON ROAD is 89 sq meters (966 sq feet).