£309,487
This estimated value is based upon the latest sale price for the house of £145,000 on 20 Feb 2004. 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 |
|---|---|
| £145,000 | 20 Feb 2004 |
| £100,000 | 24 May 2002 |
| Terraced |
| Freehold |
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 February 2004 the House Price Index for ESSEX was 70.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 113.439%.Applying this 113.439% change to the original purchase price of £145,000 results in an estimated price of approximately £309,487.
| 20 Feb 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 149.7 | 113.439 % | £145,000 | £164,487 | £309,487 |
The Postcode Pricing Model uses changes in average sales price within the CM3 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 | 102.760 % | £149,002 | £294,002 |
| 3 Month Average | 109.868 % | £159,308 | £304,308 |
| 6 Month Average | 120.701 % | £175,016 | £320,016 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Oct 2024 | £435,000 | £435,000 | 19 REMEMBRANCE AVENUE |
| 24 May 2024 | £450,000 | £450,000 | 38 BAKER AVENUE |
| 22 Apr 2024 | £401,083 | £397,600 | 28 CHESTNUT AVENUE |
| 30 Jun 2023 | £403,078 | £395,000 | 12 REMEMBRANCE AVENUE |
| 31 Mar 2023 | £315,265 | £310,000 | 26 BAKER AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other crime | Under investigation | On or near Baker Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Baker Avenue |
| Sep 2024 | Anti-social behaviour | On or near Baker Avenue | |
| Sep 2024 | Anti-social behaviour | On or near Baker Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Rye Close |