£296,925
This estimated value is based upon the latest sale price for the house of £171,000 on 12 Dec 2011. 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 |
|---|---|
| £171,000 | 12 Dec 2011 |
| £157,500 | 11 Dec 2009 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 519 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 2011 the House Price Index for ESSEX was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.641%.Applying this 73.641% change to the original purchase price of £171,000 results in an estimated price of approximately £296,925.
| 12 Dec 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 149.7 | 73.641 % | £171,000 | £125,925 | £296,925 |
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 | 61.218 % | £104,682 | £275,682 |
| 3 Month Average | 57.850 % | £98,924 | £269,924 |
| 6 Month Average | 64.632 % | £110,520 | £281,520 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £352,777 | £345,000 | 1 DAISY COURT |
| 11 Aug 2023 | £478,633 | £470,000 | 7 ALYSSUM CLOSE |
| 8 Aug 2023 | £381,888 | £375,000 | 33 PRIMULA WAY |
| 18 Apr 2023 | £356,671 | £350,000 | 37 PRIMULA WAY |
| 2 Aug 2022 | £447,091 | £445,000 | 10 ALYSSUM CLOSE |
This house has a floor area of 48 sq meters or 519 sq feet when measured on 12 Oct 2011. Using an estimated price of £296,926 means this house is valued at £6,155 per sq meter (£571 per sq foot).
The average size of a house on PRIMULA WAY is 66 sq meters (711 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lobelia Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Foxglove Way |
| Aug 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Foxglove Way |
| Aug 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Foxglove Way |
| Jul 2024 | Anti-social behaviour | On or near Foxglove Way |