£1,049,900
This estimated value is based upon the latest sale price for the house of £615,000 on 16 Aug 2010. 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 |
|---|---|
| £615,000 | 16 Aug 2010 |
| 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 August 2010 the House Price Index for ESSEX was 87.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.715%.Applying this 70.715% change to the original purchase price of £615,000 results in an estimated price of approximately £1,049,900.
| 16 Aug 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 149.7 | 70.715 % | £615,000 | £434,900 | £1,049,900 |
The Postcode Pricing Model uses changes in average sales price within the CM3 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 | 50.339 % | £309,587 | £924,587 |
| 3 Month Average | 55.273 % | £339,931 | £954,931 |
| 6 Month Average | 66.477 % | £408,832 | £1,023,832 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £838,280 | £831,000 | ATHENIA FIR TREE LANE |
| 25 Nov 2022 | £1,642,321 | £1,650,000 | LITTLE ORCHARD POSTMANS LANE |
| 26 Oct 2022 | £1,046,505 | £1,050,000 | WOODHAY FIR TREE LANE |
| 30 Sep 2022 | £1,299,132 | £1,300,000 | THORNHILL FIR TREE LANE |
| 14 Feb 2022 | £1,109,280 | £1,050,000 | 7A THE RYEFIELD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Fir Tree Lane |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parsonage Lane |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near The Rye Field |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spring Elms Lane |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Colemans Lane |