£504,391
This estimated value is based upon the latest sale price for the house of £140,000 on 15 Dec 2000. 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 |
---|---|
£140,000 | 15 Dec 2000 |
Terraced |
Freehold |
Floor Area: 64 sq meters or 693 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 December 2000 the House Price Index for ESSEX was 41.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 260.280%.Applying this 260.280% change to the original purchase price of £140,000 results in an estimated price of approximately £504,391.
15 Dec 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
41.2 | 148.6 | 260.280 % | £140,000 | £364,391 | £504,391 |
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 | 104.217 % | £145,903 | £285,903 |
3 Month Average | 200.258 % | £280,361 | £420,361 |
6 Month Average | 234.303 % | £328,024 | £468,024 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Sep 2023 | £526,735 | £520,000 | 1 BURNELL GATE |
23 Feb 2023 | £249,832 | £250,000 | 85 BURNELL GATE |
15 Sep 2022 | £644,793 | £650,000 | 4 MULTON LEA |
29 Apr 2022 | £509,751 | £495,000 | 42 BURNELL GATE |
29 Mar 2022 | £1,233,152 | £1,190,000 | 10 FRANCES GREEN |
This house has a floor area of 64 sq meters or 693 sq feet when measured on 29 Mar 2011. Using an estimated price of £504,392 means this house is valued at £7,829 per sq meter (£727 per sq foot).
The average size of a house on BURNELL GATE is 87 sq meters (940 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burnell Gate |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Honor Link |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Honor Link |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wharton Drive |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wharton Drive |