£346,700
This estimated value is based upon the latest sale price for the house of £197,000 on 16 Oct 2009. 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 |
|---|---|
| £197,000 | 16 Oct 2009 |
| £60,000 | 19 Dec 1997 |
| £42,000 | 6 Sep 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 October 2009 the House Price Index for GREATER LONDON was 84.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 75.990%.Applying this 75.990% change to the original purchase price of £197,000 results in an estimated price of approximately £346,700.
| 16 Oct 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.4 | 148.6 | 75.990 % | £197,000 | £149,700 | £346,700 |
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 | -44.920 % | £-88,491 | £108,508 |
| 3 Month Average | 109.906 % | £216,513 | £413,513 |
| 6 Month Average | 107.289 % | £211,359 | £408,359 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £329,884 | £325,000 | 34 QUEENSFIELD COURT LONDON ROAD |
| 14 Apr 2023 | £323,483 | £320,000 | 271A MALDEN ROAD |
| 20 Jan 2023 | £345,373 | £347,000 | 35 QUEENSFIELD COURT LONDON ROAD |
| 28 Nov 2022 | £356,680 | £361,000 | FLAT 58 YARDLEY COURT HEMINGFORD ROAD |
| 27 Oct 2022 | £371,005 | £375,000 | FLAT 269 MALDEN ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 31 Jan 2017. Using an estimated price of £346,701 means this house is valued at £4,883 per sq meter (£453 per sq foot).
The average size of a house on MALDEN ROAD is 90 sq meters (979 sq feet).