£352,508
This estimated value is based upon the latest sale price for the house of £228,000 on 16 May 2014. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Aldridge Close
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10 Springfield Lyons Approach, Springfield, springfield, CM2 5LB
Phone: 01245845260
| Price Paid | Date |
|---|---|
| £228,000 | 16 May 2014 |
| £187,995 | 24 Nov 2005 |
| £180,000 | 18 Jun 2004 |
| £101,500 | 22 Jun 2001 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 May 2014 the House Price Index for ESSEX was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £228,000 results in an estimated price of approximately £352,508.
| 16 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £228,000 | £124,508 | £352,508 |
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 | 32.160 % | £73,325 | £301,325 |
| 3 Month Average | 39.909 % | £90,992 | £318,992 |
| 6 Month Average | 49.173 % | £112,114 | £340,114 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £340,966 | £335,000 | 14 ALDRIDGE CLOSE |
| 30 Aug 2023 | £368,221 | £365,000 | 7 ALDRIDGE CLOSE |
| 4 Aug 2023 | £322,824 | £320,000 | 8 ALDRIDGE CLOSE |
| 7 Jul 2023 | £316,763 | £312,500 | 6 ALDRIDGE CLOSE |
| 30 Jun 2023 | £336,577 | £332,500 | 18 BLACKLOCK |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 20 Feb 2014. Using an estimated price of £352,508 means this house is valued at £4,763 per sq meter (£442 per sq foot).
The average size of a house on ALDRIDGE CLOSE is 78 sq meters (849 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Aldridge Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Aldridge Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Aldridge Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chelmer Village Way |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Sheppard Drive |