£502,973
This estimated value is based upon the latest sale price for the house of £410,000 on 13 Dec 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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10 Springfield Lyons Approach, Springfield, springfield, CM2 5LB
Phone: 01245845260
| Price Paid | Date |
|---|---|
| £410,000 | 13 Dec 2019 |
| Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in December 2019 the House Price Index for ESSEX was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £410,000 results in an estimated price of approximately £502,973.
| 13 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £410,000 | £92,973 | £502,973 |
The Postcode Pricing Model uses changes in average sales price within the CM2 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 | -31.654 % | £-129,783 | £280,216 |
| 3 Month Average | 0.354 % | £1,452 | £411,452 |
| 6 Month Average | 6.260 % | £25,666 | £435,666 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £508,904 | £500,000 | 4 QUALE ROAD |
| 23 Nov 2023 | £710,519 | £700,000 | 6 CUTON GROVE |
| 15 Jun 2023 | £556,744 | £550,000 | 15 MILLSON BANK |
| 2 Jun 2023 | £409,966 | £405,000 | 19 MILLSON BANK |
| 10 Feb 2023 | £404,728 | £405,000 | 12 ALBRA MEAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 18 Jan 2019. Using an estimated price of £502,973 means this house is valued at £5,029 per sq meter (£467 per sq foot).
The average size of a house on SUTTON MEAD is 113 sq meters (1,225 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Barlow'S Reach |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wilkinsons Mead |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Meggy Tye |
| Jan 2024 | Anti-social behaviour | On or near Sheppard Drive | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sheppard Drive |