£847,701
This estimated value is based upon the latest sale price for the house of £695,000 on 9 Jan 2020. 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 |
|---|---|
| £695,000 | 9 Jan 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 137 sq meters or 1,474 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 January 2020 the House Price Index for GREATER LONDON was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £695,000 results in an estimated price of approximately £847,701.
| 9 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £695,000 | £152,701 | £847,701 |
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 | -1.466 % | £-10,185 | £684,814 |
| 3 Month Average | -1.663 % | £-11,559 | £683,440 |
| 6 Month Average | 8.290 % | £57,612 | £752,612 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £248,682 | £245,000 | FLAT 24A PACKHAM COURT LAVENDER AVENUE |
| 30 Aug 2023 | £683,177 | £677,200 | 37 FARM WAY |
| 24 Jul 2023 | £283,820 | £280,000 | FLAT 15 PACKHAM COURT LAVENDER AVENUE |
| 17 Mar 2023 | £600,659 | £595,000 | 34 GRANDISON ROAD |
| 28 Jul 2022 | £810,181 | £808,000 | 6 GRANDISON ROAD |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 4 Nov 2019. Using an estimated price of £847,701 means this house is valued at £6,187 per sq meter (£574 per sq foot).
The average size of a house on GRANDISON ROAD is 131 sq meters (1,420 sq feet).