£591,662
This estimated value is based upon the latest sale price for the house of £218,000 on 6 Sep 2002. 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 |
|---|---|
| £218,000 | 6 Sep 2002 |
| Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 September 2002 the House Price Index for ESSEX was 55.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 171.405%.Applying this 171.405% change to the original purchase price of £218,000 results in an estimated price of approximately £591,662.
| 6 Sep 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 55.2 | 149.7 | 171.405 % | £218,000 | £373,662 | £591,662 |
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 | 121.661 % | £265,220 | £483,220 |
| 3 Month Average | 134.643 % | £293,521 | £511,521 |
| 6 Month Average | 136.706 % | £298,019 | £516,019 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2023 | £439,693 | £430,000 | 2 BEARDSLEY DRIVE |
| 28 Feb 2023 | £420,308 | £417,500 | 43 RUBENS GATE |
| 30 Jan 2023 | £416,112 | £415,000 | 19 RUBENS GATE |
| 27 Oct 2022 | £463,452 | £465,000 | 38 BOUCHERS MEAD |
| 12 Aug 2022 | £411,926 | £410,000 | 12 BOUCHERS MEAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 29 Sep 2013. Using an estimated price of £591,663 means this house is valued at £6,099 per sq meter (£566 per sq foot).
The average size of a house on BOUCHERS MEAD is 73 sq meters (790 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Begonia Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Rubens Gate |
| Jul 2024 | Drugs | Awaiting court outcome | On or near Vermeer Ride |
| Jul 2024 | Other crime | Awaiting court outcome | On or near Vermeer Ride |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beardsley Drive |