£1,580,979
This estimated value is based upon the latest sale price for the house of £400,000 on 15 Feb 2000. 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 |
|---|---|
| £400,000 | 15 Feb 2000 |
| 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 February 2000 the House Price Index for ESSEX was 37.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 295.245%.Applying this 295.245% change to the original purchase price of £400,000 results in an estimated price of approximately £1,580,979.
| 15 Feb 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 37.9 | 149.7 | 295.245 % | £400,000 | £1,180,979 | £1,580,979 |
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 | 323.344 % | £1,293,375 | £1,693,375 |
| 3 Month Average | 299.695 % | £1,198,779 | £1,598,779 |
| 6 Month Average | 289.641 % | £1,158,563 | £1,558,563 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Oct 2023 | £1,192,074 | £1,165,000 | 11 LOUVAIN DRIVE |
| 17 Mar 2023 | £711,889 | £700,000 | 19 LOUVAIN DRIVE |
| 15 Sep 2022 | £649,566 | £650,000 | 4 MULTON LEA |
| 12 Sep 2022 | £1,074,282 | £1,075,000 | 2 MONTAGU GARDENS |
| 29 Mar 2022 | £1,242,280 | £1,190,000 | 10 FRANCES GREEN |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Frances Green |
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Frances Green |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Multon Lea |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Burnell Gate |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burnell Gate |