£354,388
This estimated value is based upon the latest sale price for the house of £215,000 on 22 Oct 2013. 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 |
|---|---|
| £215,000 | 22 Oct 2013 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2013 the House Price Index for ESSEX was 90.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 64.832%.Applying this 64.832% change to the original purchase price of £215,000 results in an estimated price of approximately £354,388.
| 22 Oct 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 149.7 | 64.832 % | £215,000 | £139,388 | £354,388 |
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 | 51.896 % | £111,577 | £326,577 |
| 3 Month Average | 44.119 % | £94,856 | £309,856 |
| 6 Month Average | 47.117 % | £101,300 | £316,300 |
| 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 |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 22 May 2013. Using an estimated price of £354,388 means this house is valued at £3,981 per sq meter (£369 per sq foot).
The average size of a house on SHIRE CLOSE is 92 sq meters (995 sq feet).
| 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 |