£190,001
This estimated value is based upon the latest sale price for the house of £124,000 on 20 Dec 2007. 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 |
---|---|
£124,000 | 20 Dec 2007 |
£121,000 | 27 Oct 2006 |
£89,950 | 12 Aug 2002 |
£33,000 | 28 Feb 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 50 sq meters or 538 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 2007 the House Price Index for ESSEX was 95.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 53.227%.Applying this 53.227% change to the original purchase price of £124,000 results in an estimated price of approximately £190,001.
20 Dec 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.7 | 146.7 | 53.227 % | £124,000 | £66,001 | £190,001 |
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 | 3.803 % | £4,715 | £128,715 |
3 Month Average | 49.814 % | £61,769 | £185,769 |
6 Month Average | 62.673 % | £77,714 | £201,714 |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 26 Jun 2019.
The average size of a house on CORNFLOWER DRIVE is 56 sq meters (612 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 |