£392,175
This estimated value is based upon the latest sale price for the house of £260,000 on 9 Jul 2014. 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 Snowdrop Close
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10 Springfield Lyons Approach, Springfield, springfield, CM2 5LB
Phone: 01245845260
| Price Paid | Date |
|---|---|
| £260,000 | 9 Jul 2014 |
| Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 July 2014 the House Price Index for ESSEX was 97.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 50.837%.Applying this 50.837% change to the original purchase price of £260,000 results in an estimated price of approximately £392,175.
| 9 Jul 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 146.7 | 50.837 % | £260,000 | £132,175 | £392,175 |
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 | 12.327 % | £32,049 | £292,049 |
| 3 Month Average | 35.647 % | £92,682 | £352,682 |
| 6 Month Average | 49.146 % | £127,779 | £387,779 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 14 Nov 2013.
The average size of a house on MARTINGALE DRIVE is 101 sq meters (1,096 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Snowdrop Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Vermeer Ride |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Vermeer Ride |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Vermeer Ride |
| Jan 2024 | Anti-social behaviour | On or near New Nabbotts Way |