£1,791,267
This estimated value is based upon the latest sale price for the house of £546,500 on 21 Sep 2001. 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 |
|---|---|
| £546,500 | 21 Sep 2001 |
| Detached |
| 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 September 2001 the House Price Index for ESSEX was 45.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 227.771%.Applying this 227.771% change to the original purchase price of £546,500 results in an estimated price of approximately £1,791,267.
| 21 Sep 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.3 | 148.6 | 227.771 % | £546,500 | £1,244,767 | £1,791,267 |
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 | 75.281 % | £411,409 | £957,909 |
| 3 Month Average | 160.566 % | £877,495 | £1,423,995 |
| 6 Month Average | 199.307 % | £1,089,214 | £1,635,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £526,735 | £520,000 | 1 BURNELL GATE |
| 23 Feb 2023 | £249,832 | £250,000 | 85 BURNELL GATE |
| 29 Apr 2022 | £509,751 | £495,000 | 42 BURNELL GATE |
| 29 Mar 2022 | £1,233,152 | £1,190,000 | 10 FRANCES GREEN |
| 31 Jan 2022 | £442,011 | £420,000 | 28 BURNELL GATE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Bicycle theft | Under investigation | On or near Frances Green |
| Feb 2024 | Anti-social behaviour | On or near Frances Green | |
| Feb 2024 | Anti-social behaviour | On or near Frances Green | |
| Feb 2024 | Anti-social behaviour | On or near Frances Green | |
| Feb 2024 | Anti-social behaviour | On or near Frances Green |