£347,457
This estimated value is based upon the latest sale price for the house of £354,800 on 8 Sep 2022. 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 |
|---|---|
| £354,800 | 8 Sep 2022 |
| £295,000 | 9 Jun 2017 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 September 2022 the House Price Index for ESSEX was 149.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -2.069%.Applying this -2.069% change to the original purchase price of £354,800 results in an estimated price of approximately £347,457.
| 8 Sep 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 146.7 | -2.069 % | £354,800 | £-7,342 | £347,457 |
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 | -44.587 % | £-158,195 | £196,604 |
| 3 Month Average | -12.311 % | £-43,678 | £311,121 |
| 6 Month Average | -3.650 % | £-12,951 | £341,848 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 30 Jan 2017.
The average size of a house on IRIS CLOSE is 95 sq meters (1,030 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Cornflower Drive |
| Mar 2024 | Robbery | Awaiting court outcome | On or near Honeysuckle Path |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lily Close |
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Lily Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lily Close |