£358,252
This estimated value is based upon the latest sale price for the house of £200,000 on 11 Nov 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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581 London Road, Cheam, Sutton, SM3 9AE
Phone: 02080331593
| Price Paid | Date |
|---|---|
| £200,000 | 11 Nov 2008 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in November 2008 the House Price Index for GREATER LONDON was 83.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 79.126%.Applying this 79.126% change to the original purchase price of £200,000 results in an estimated price of approximately £358,252.
| 11 Nov 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 148.6 | 79.126 % | £200,000 | £158,252 | £358,252 |
The Postcode Pricing Model uses changes in average sales price within the KT4 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 | 105.789 % | £211,577 | £411,577 |
| 3 Month Average | 68.119 % | £136,238 | £336,238 |
| 6 Month Average | 73.140 % | £146,279 | £346,279 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Aug 2022 | £713,081 | £715,000 | 26 ELM WAY |
| 1 Jun 2022 | £690,762 | £681,000 | 7 COLBORNE WAY |
| 27 May 2022 | £851,036 | £835,000 | 3 COLBORNE WAY |
| 1 Mar 2022 | £401,033 | £387,000 | 28 TRENT WAY |
| 21 Dec 2021 | £800,319 | £747,000 | 2 COLBORNE WAY |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 17 Jun 2015. Using an estimated price of £358,253 means this house is valued at £4,975 per sq meter (£462 per sq foot).
The average size of a house on TRENT WAY is 76 sq meters (822 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Cheam Common Road |
| Jan 2024 | Vehicle crime | Under investigation | On or near Morningside Road |