£341,594
This estimated value is based upon the latest sale price for the house of £280,000 on 16 Jun 2020. 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 | 16 Jun 2020 |
| £160,000 | 21 Oct 2005 |
| Semi-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 June 2020 the House Price Index for ESSEX was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £280,000 results in an estimated price of approximately £341,594.
| 16 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 149.7 | 21.998 % | £280,000 | £61,594 | £341,594 |
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 | -17.320 % | £-48,497 | £231,502 |
| 3 Month Average | 17.150 % | £48,018 | £328,018 |
| 6 Month Average | 17.296 % | £48,429 | £328,429 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jun 2023 | £581,656 | £570,000 | 7A SOUTHVIEW ROAD |
| 24 Mar 2023 | £900,031 | £885,000 | 6 SOUTH HILL CLOSE |
| 25 Jan 2023 | £476,273 | £475,000 | 15 SOUTHVIEW TERRACE |
| 14 Jul 2022 | £808,097 | £800,000 | 27 BEAUMONT PARK |
| 31 Aug 2021 | £1,820,676 | £1,620,000 | MEADOWLANDS SOUTHVIEW ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Drugs | Investigation complete; no suspect identified | On or near Woodhill Road |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Penny Royal Road |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Penny Royal Road |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Plumptre Lane |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Pump Lane |