£347,600
This estimated value is based upon the latest sale price for the house of £280,000 on 24 Oct 2018. 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 |
|---|---|
| £280,000 | 24 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 0 sq meters or 0 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 October 2018 the House Price Index for ESSEX was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £280,000 results in an estimated price of approximately £347,600.
| 24 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £280,000 | £67,600 | £347,600 |
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 | 37.838 % | £105,945 | £385,945 |
| 3 Month Average | 12.328 % | £34,517 | £314,517 |
| 6 Month Average | 11.123 % | £31,144 | £311,144 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £377,072 | £367,500 | 9 NEWPORT CLOSE |
| 6 Nov 2023 | £497,632 | £485,000 | 18 ISAAC SQUARE |
| 25 Aug 2023 | £435,352 | £427,500 | 8 LEACH CLOSE |
| 15 Aug 2023 | £376,796 | £370,000 | 17 NEWPORT CLOSE |
| 28 Jan 2022 | £402,875 | £380,000 | 41 ISAAC SQUARE |
This house has a floor area of 0 sq meters or 0 sq feet when measured on 12 Oct 2008. Using an estimated price of £347,601 means this house is valued at .
The average size of a house on MOLRAMS LANE is 78 sq meters (842 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hollycroft |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Molrams Lane |
| Jul 2024 | Possession of weapons | Under investigation | On or near Molrams Lane |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Stuart Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Stuart Close |