£643,435
This estimated value is based upon the latest sale price for the house of £394,950 on 25 Jun 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 |
|---|---|
| £394,950 | 25 Jun 2008 |
| £305,000 | 29 Jun 2007 |
| Terraced |
| Freehold |
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 June 2008 the House Price Index for GREATER LONDON was 91.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 62.916%.Applying this 62.916% change to the original purchase price of £394,950 results in an estimated price of approximately £643,435.
| 25 Jun 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 149.7 | 62.916 % | £394,950 | £248,485 | £643,435 |
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 | -23.822 % | £-94,083 | £300,866 |
| 3 Month Average | 42.704 % | £168,661 | £563,611 |
| 6 Month Average | 51.802 % | £204,590 | £599,540 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £348,855 | £340,000 | 518A LONDON ROAD |
| 3 Feb 2023 | £422,824 | £420,000 | 528 LONDON ROAD |
| 25 Mar 2022 | £563,724 | £540,000 | 224 CHURCH HILL ROAD |
| 16 Feb 2022 | £324,332 | £307,000 | FLAT 2 BECKETT HOUSE, 234 CHURCH HILL ROAD |
| 11 Feb 2022 | £369,760 | £350,000 | 1A SENHOUSE ROAD |