£368,351
This estimated value is based upon the latest sale price for the house of £345,000 on 25 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Suite 3, 8 Kingsdale Business Centre, Regina Road, Chelmsford, CM1 1PE
Phone: 01245378661
| Price Paid | Date |
|---|---|
| £345,000 | 25 Nov 2021 |
| £278,000 | 21 Apr 2017 |
| £192,500 | 12 Apr 2007 |
| £154,000 | 12 Aug 2005 |
| £52,000 | 30 Jan 1998 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 November 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.769%.Applying this 6.769% change to the original purchase price of £345,000 results in an estimated price of approximately £368,351.
| 25 Nov 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 146.7 | 6.769 % | £345,000 | £23,351 | £368,351 |
The Postcode Pricing Model uses changes in average sales price within the CM2 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 | -23.728 % | £-81,862 | £263,137 |
| 3 Month Average | -7.447 % | £-25,693 | £319,306 |
| 6 Month Average | -4.395 % | £-15,161 | £329,838 |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 5 Aug 2020.
The average size of a house on SPRINGFIELD ROAD is 80 sq meters (865 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Local resolution | On or near Weight Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Weight Road |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Meadowside |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Meadowside |
| Feb 2024 | Anti-social behaviour | On or near Meadowside |