£349,538
This estimated value is based upon the latest sale price for the house of £251,000 on 16 Nov 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Begonia Close
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10 Springfield Lyons Approach, Springfield, springfield, CM2 5LB
Phone: 01245845260
| Price Paid | Date |
|---|---|
| £251,000 | 16 Nov 2015 |
| £172,500 | 28 Nov 2003 |
| £72,500 | 31 Jul 1997 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 November 2015 the House Price Index for ESSEX was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £251,000 results in an estimated price of approximately £349,538.
| 16 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £251,000 | £98,538 | £349,538 |
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 | -5.987 % | £-15,028 | £235,971 |
| 3 Month Average | 14.586 % | £36,610 | £287,610 |
| 6 Month Average | 28.488 % | £71,504 | £322,504 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £474,148 | £470,000 | 7 ALYSSUM CLOSE |
| 24 Mar 2023 | £375,538 | £372,000 | 73 PETUNIA CRESCENT |
| 2 Aug 2022 | £443,805 | £445,000 | 10 ALYSSUM CLOSE |
| 12 Jul 2022 | £365,985 | £365,000 | 2 BEGONIA CLOSE |
| 11 Jul 2022 | £391,053 | £390,000 | 80 PETUNIA CRESCENT |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 13 Aug 2015. Using an estimated price of £349,539 means this house is valued at £5,217 per sq meter (£484 per sq foot).
The average size of a house on PETUNIA CRESCENT is 77 sq meters (834 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Begonia Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Begonia Close |
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Begonia Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jacaranda Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mimosa Close |