£1,051,165
This estimated value is based upon the latest sale price for the house of £850,000 on 30 Apr 2020. 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 |
|---|---|
| £850,000 | 30 Apr 2020 |
| 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 April 2020 the House Price Index for ESSEX was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.667%.Applying this 23.667% change to the original purchase price of £850,000 results in an estimated price of approximately £1,051,165.
| 30 Apr 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.667 % | £850,000 | £201,165 | £1,051,165 |
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 | 33.749 % | £286,866 | £1,136,866 |
| 3 Month Average | 19.699 % | £167,437 | £1,017,437 |
| 6 Month Average | 8.653 % | £73,550 | £923,550 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £967,363 | £952,500 | MULBERRIES CHURCH ROAD |
| 30 Nov 2023 | £1,918,705 | £1,870,000 | BREMNERS NEW LODGE CHASE |
| 12 Sep 2023 | £1,365,092 | £1,335,000 | KYNANCE, 2 HIGH PASTURES |
| 1 Sep 2023 | £679,990 | £665,000 | 44 DANBURY PALACE DRIVE |
| 27 Jan 2023 | £1,253,349 | £1,250,000 | FOREST LODGE NEW LODGE CHASE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Under investigation | On or near New Lodge Chase |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near New Lodge Chase |
| Apr 2024 | Other crime | Unable to prosecute suspect | On or near Hammonds Road |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Colam Lane |
| Apr 2024 | Burglary | Under investigation | On or near Mildmays |