£513,523
This estimated value is based upon the latest sale price for the house of £495,000 on 29 Apr 2022. 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 |
|---|---|
| £495,000 | 29 Apr 2022 |
| £285,000 | 17 Jun 2013 |
| £292,500 | 18 Apr 2008 |
| £240,000 | 19 Dec 2002 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 April 2022 the House Price Index for ESSEX was 144.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.742%.Applying this 3.742% change to the original purchase price of £495,000 results in an estimated price of approximately £513,523.
| 29 Apr 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 149.7 | 3.742 % | £495,000 | £18,523 | £513,523 |
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 | -17.682 % | £-87,525 | £407,474 |
| 3 Month Average | -6.810 % | £-33,711 | £461,288 |
| 6 Month Average | -5.955 % | £-29,475 | £465,524 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £556,387 | £543,750 | 2 BURNELL GATE |
| 14 Sep 2023 | £531,721 | £520,000 | 1 BURNELL GATE |
| 23 Feb 2023 | £251,681 | £250,000 | 85 BURNELL GATE |
| 29 Apr 2022 | £513,524 | £495,000 | 42 BURNELL GATE |
| 29 Mar 2022 | £1,242,280 | £1,190,000 | 10 FRANCES GREEN |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 3 Aug 2012. Using an estimated price of £513,524 means this house is valued at £4,711 per sq meter (£437 per sq foot).
The average size of a house on BURNELL GATE is 87 sq meters (940 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Burnell Gate |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burnell Gate |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burnell Gate |
| Jul 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Honor Link |
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Frances Green |