£599,880
This estimated value is based upon the latest sale price for the house of £555,000 on 21 Jun 2021. 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 |
|---|---|
| £555,000 | 21 Jun 2021 |
| £482,000 | 8 Jul 2016 |
| £320,000 | 30 Nov 2006 |
| £215,000 | 20 Dec 2002 |
| Detached |
| Freehold |
| Floor Area: 128 sq meters or 1,377 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 June 2021 the House Price Index for ESSEX was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £555,000 results in an estimated price of approximately £599,880.
| 21 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £555,000 | £44,880 | £599,880 |
The Postcode Pricing Model uses changes in average sales price within the CM2 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 | 11.580 % | £64,268 | £619,268 |
| 3 Month Average | -0.244 % | £-1,356 | £553,643 |
| 6 Month Average | -7.013 % | £-38,920 | £516,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £385,929 | £380,000 | 81 CORNELIUS VALE |
| 14 Dec 2023 | £554,540 | £537,500 | 97 CORNELIUS VALE |
| 24 Mar 2023 | £541,544 | £532,500 | 22 CORNELIUS VALE |
| 22 Jul 2022 | £823,249 | £815,000 | 7 CORNELIUS VALE |
| 17 Mar 2022 | £621,140 | £595,000 | 75 CORNELIUS VALE |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 31 Aug 2012. Using an estimated price of £599,881 means this house is valued at £4,686 per sq meter (£435 per sq foot).
The average size of a house on CORNELIUS VALE is 130 sq meters (1,407 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Bryant Link |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Cowdrie Way |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Meggy Tye |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Meggy Tye |
| Jun 2024 | Drugs | Awaiting court outcome | On or near Allen Way |