£1,936,049
This estimated value is based upon the latest sale price for the house of £432,000 on 15 Jan 1999. 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 New Lodge Chase
More crime details
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10 Springfield Lyons Approach, Springfield, springfield, CM2 5LB
Phone: 01245845260
| Price Paid | Date |
|---|---|
| £432,000 | 15 Jan 1999 |
| Detached |
| Freehold |
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 January 1999 the House Price Index for ESSEX was 32.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 348.160%.Applying this 348.160% change to the original purchase price of £432,000 results in an estimated price of approximately £1,936,049.
| 15 Jan 1999 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.7 | 146.7 | 348.160 % | £432,000 | £1,504,049 | £1,936,049 |
The Postcode Pricing Model uses changes in average sales price within the CM3 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 | 182.732 % | £789,401 | £1,221,401 |
| 3 Month Average | 278.478 % | £1,203,024 | £1,635,024 |
| 6 Month Average | 346.664 % | £1,497,587 | £1,929,587 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near New Lodge Chase |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near New Lodge Chase |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near New Lodge Chase |
| Dec 2023 | Burglary | Under investigation | On or near New Lodge Chase |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Colam Lane |