£981,987
This estimated value is based upon the latest sale price for the house of £175,000 on 9 May 1996. 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 |
|---|---|
| £175,000 | 9 May 1996 |
| Detached |
| Freehold |
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 May 1996 the House Price Index for ESSEX was 26.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 461.136%.Applying this 461.136% change to the original purchase price of £175,000 results in an estimated price of approximately £981,987.
| 9 May 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 148.6 | 461.136 % | £175,000 | £806,987 | £981,987 |
The Postcode Pricing Model uses changes in average sales price within the CM3 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 | 231.851 % | £405,738 | £580,738 |
| 3 Month Average | 341.049 % | £596,835 | £771,835 |
| 6 Month Average | 489.663 % | £856,910 | £1,031,910 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £498,726 | £490,000 | 57 HOPPING JACKS LANE |
| 22 Sep 2023 | £541,929 | £535,000 | 19 SIMMONDS WAY |
| 6 Jun 2023 | £738,951 | £730,000 | 6 ARMSTRONG CLOSE |
| 15 Feb 2023 | £899,395 | £900,000 | TRIO LODGE HOPPING JACKS LANE |
| 12 Jan 2023 | £945,546 | £950,000 | 46 HOPPING JACKS LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Leeway |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hopping Jacks Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hopping Jacks Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Nursery Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Nursery Lane |