£372,898
This estimated value is based upon the latest sale price for the house of £345,000 on 29 Jun 2021. 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 |
|---|---|
| £345,000 | 29 Jun 2021 |
| £190,000 | 21 Jul 2005 |
| £151,000 | 11 May 2004 |
| Terraced |
| 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 2021 the House Price Index for ESSEX was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £345,000 results in an estimated price of approximately £372,898.
| 29 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £345,000 | £27,898 | £372,898 |
The Postcode Pricing Model uses changes in average sales price within the CM1 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 | -14.433 % | £-49,793 | £295,206 |
| 3 Month Average | -14.272 % | £-49,239 | £295,760 |
| 6 Month Average | -19.600 % | £-67,621 | £277,378 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £335,000 | £335,000 | 24 MARTINGALE DRIVE |
| 18 Dec 2023 | £696,399 | £675,000 | 6 BEAUCHAMPS CLOSE |
| 2 Oct 2023 | £383,715 | £375,000 | 10 MARTINGALE DRIVE |
| 14 Aug 2023 | £661,939 | £650,000 | 7 GOLDENACRES |
| 24 Apr 2023 | £514,626 | £505,000 | 41 MARTINGALE DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Shire Close |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hunters Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Snowdrop Close |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Snowdrop Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near A130 |