£486,714
This estimated value is based upon the latest sale price for the house of £287,000 on 18 Jun 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 |
|---|---|
| £287,000 | 18 Jun 2010 |
| £282,000 | 18 Jun 2010 |
| Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,190 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 June 2010 the House Price Index for ESSEX was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.587%.Applying this 69.587% change to the original purchase price of £287,000 results in an estimated price of approximately £486,714.
| 18 Jun 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 148.6 | 69.587 % | £287,000 | £199,714 | £486,714 |
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 | 75.766 % | £217,448 | £504,448 |
| 3 Month Average | 43.265 % | £124,169 | £411,169 |
| 6 Month Average | 62.258 % | £178,680 | £465,680 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £474,148 | £470,000 | 7 ALYSSUM CLOSE |
| 28 Mar 2023 | £444,185 | £440,000 | 13 JACARANDA CLOSE |
| 24 Mar 2023 | £375,538 | £372,000 | 73 PETUNIA CRESCENT |
| 8 Sep 2022 | £510,874 | £515,000 | 34 OAK LODGE TYE |
| 2 Aug 2022 | £443,805 | £445,000 | 10 ALYSSUM CLOSE |
This house has a floor area of 110 sq meters or 1,190 sq feet when measured on 12 Mar 2010. Using an estimated price of £486,715 means this house is valued at £4,400 per sq meter (£408 per sq foot).
The average size of a house on ALYSSUM CLOSE is 128 sq meters (1,381 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oak Lodge Tye |
| 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 |
| Feb 2024 | Burglary | Under investigation | On or near Begonia Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Foxglove Way |