£421,430
This estimated value is based upon the latest sale price for the house of £247,000 on 19 Apr 2012. 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 |
|---|---|
| £247,000 | 19 Apr 2012 |
| Flats/Maisonettes |
| Leasehold |
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 April 2012 the House Price Index for GREATER LONDON was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.620%.Applying this 70.620% change to the original purchase price of £247,000 results in an estimated price of approximately £421,430.
| 19 Apr 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.620 % | £247,000 | £174,430 | £421,430 |
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 | -51.852 % | £-128,073 | £118,926 |
| 3 Month Average | 105.269 % | £260,015 | £507,015 |
| 6 Month Average | 92.765 % | £229,128 | £476,128 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2023 | £428,751 | £425,000 | FLAT 3 MOUNTFORD HOUSE, 83 WORDSWORTH DRIVE |
| 14 Jul 2023 | £413,059 | £407,500 | 17 THE SPINNEY |
| 22 Jun 2023 | £303,678 | £300,000 | FLAT 3 WILDOAKS HOUSE, 418 LONDON ROAD |
| 31 Mar 2023 | £171,617 | £170,000 | 5 SIDMOUTH COURT WORDSWORTH DRIVE |
| 17 Nov 2022 | £187,726 | £190,000 | 3 SIDMOUTH COURT WORDSWORTH DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Bicycle theft | Under investigation | On or near The Spinney |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Spinney |
| Mar 2024 | Vehicle crime | Under investigation | On or near Fairlight Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fairlight Close |
| Jan 2024 | Drugs | Under investigation | On or near Fairlight Close |