£698,182
This estimated value is based upon the latest sale price for the house of £435,000 on 18 Dec 2013. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Cartwright Walk
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10 Springfield Lyons Approach, Springfield, springfield, CM2 5LB
Phone: 01245845260
| Price Paid | Date |
|---|---|
| £435,000 | 18 Dec 2013 |
| Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 December 2013 the House Price Index for ESSEX was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £435,000 results in an estimated price of approximately £698,182.
| 18 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 148.6 | 60.502 % | £435,000 | £263,182 | £698,182 |
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 | 11.671 % | £50,769 | £485,769 |
| 3 Month Average | 36.479 % | £158,684 | £593,684 |
| 6 Month Average | 46.938 % | £204,180 | £639,180 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jan 2023 | £597,187 | £600,000 | 44 HOPKINS MEAD |
| 25 Nov 2022 | £486,112 | £492,000 | 20 HOPKINS MEAD |
| 27 Jun 2022 | £542,669 | £535,000 | 7 CASWELL MEWS |
| 13 Jan 2022 | £536,728 | £510,000 | 19 POLLARDS GREEN |
| 29 Sep 2021 | £619,616 | £575,000 | 8 FAIRFAX MEAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 14 Jun 2016. Using an estimated price of £698,183 means this house is valued at £6,464 per sq meter (£600 per sq foot).
The average size of a house on FAIRFAX MEAD is 127 sq meters (1,371 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Cartwright Walk |
| Mar 2024 | Drugs | Under investigation | On or near Palmers Croft |
| Feb 2024 | Drugs | Local resolution | On or near Palmers Croft |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Palmers Croft |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Hopkins Close |