£1,222,517
This estimated value is based upon the latest sale price for the house of £990,000 on 24 Sep 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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56 The Broadway, Cheam, SM3 8BD
Phone: 02081281019
| Price Paid | Date |
|---|---|
| £990,000 | 24 Sep 2018 |
| £512,500 | 8 Dec 2011 |
| Detached |
| Freehold |
| Floor Area: 175 sq meters or 1,883 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 September 2018 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £990,000 results in an estimated price of approximately £1,222,517.
| 24 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £990,000 | £232,517 | £1,222,517 |
The Postcode Pricing Model uses changes in average sales price within the SM3 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 | -75.402 % | £-746,484 | £243,515 |
| 3 Month Average | 11.568 % | £114,527 | £1,104,527 |
| 6 Month Average | 22.477 % | £222,517 | £1,212,517 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £508,155 | £502,000 | 124 MALDEN ROAD |
| 23 Sep 2022 | £818,391 | £825,000 | 34 TUDOR CLOSE |
| 18 Feb 2022 | £314,608 | £300,000 | FLAT 43 BETHELL COURT, 31 MICKLEHAM GARDENS |
| 12 Nov 2021 | £1,919,687 | £1,775,000 | 53 MALDEN ROAD |
| 26 Oct 2021 | £401,098 | £362,500 | FLAT 9 FITZNELL COURT, 12 POND HILL GARDENS |
This house has a floor area of 175 sq meters or 1,883 sq feet when measured on 22 Jan 2018. Using an estimated price of £1,222,517 means this house is valued at £6,985 per sq meter (£649 per sq foot).
The average size of a house on TUDOR CLOSE is 153 sq meters (1,653 sq feet).
This house is the largest in the street with a floor area of 175 sq meters (1,883 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Tudor Close |
| Apr 2024 | Anti-social behaviour | On or near Tudor Close | |
| Apr 2024 | Vehicle crime | Under investigation | On or near Tudor Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Tudor Close |