£243,889
This estimated value is based upon the latest sale price for the house of £212,500 on 3 Dec 2020. 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 |
|---|---|
| £212,500 | 3 Dec 2020 |
| £180,000 | 16 Aug 2016 |
| £130,000 | 7 Mar 2008 |
| £120,000 | 16 Sep 2005 |
| Terraced |
| Freehold |
| Floor Area: 39 sq meters or 419 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 2020 the House Price Index for ESSEX was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £212,500 results in an estimated price of approximately £243,889.
| 3 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £212,500 | £31,389 | £243,889 |
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 | -41.696 % | £-88,603 | £123,896 |
| 3 Month Average | -11.553 % | £-24,550 | £187,949 |
| 6 Month Average | -4.120 % | £-8,755 | £203,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £390,252 | £385,000 | 14 RUBENS GATE |
| 28 Jul 2023 | £248,342 | £245,000 | 28 RAPHAEL DRIVE |
| 28 Feb 2023 | £417,219 | £417,500 | 43 RUBENS GATE |
| 23 Feb 2023 | £324,781 | £325,000 | 16 RAPHAEL DRIVE |
| 30 Jan 2023 | £413,054 | £415,000 | 19 RUBENS GATE |
This house has a floor area of 39 sq meters or 419 sq feet when measured on 31 Mar 2016. Using an estimated price of £243,889 means this house is valued at £6,253 per sq meter (£580 per sq foot).
The average size of a house on RUBENS GATE is 72 sq meters (783 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rubens Gate |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Vermeer Ride |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Vermeer Ride |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Vermeer Ride |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bouchers Mead |