£503,141
This estimated value is based upon the latest sale price for the house of £90,000 on 5 Aug 1996. 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 |
|---|---|
| £90,000 | 5 Aug 1996 |
| 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 August 1996 the House Price Index for GREATER LONDON was 26.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 459.047%.Applying this 459.047% change to the original purchase price of £90,000 results in an estimated price of approximately £503,141.
| 5 Aug 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.8 | 149.7 | 459.047 % | £90,000 | £413,141 | £503,141 |
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 | 141.186 % | £127,067 | £217,067 |
| 3 Month Average | 356.048 % | £320,443 | £410,443 |
| 6 Month Average | 406.991 % | £366,292 | £456,292 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2023 | £432,806 | £425,000 | FLAT 3 MOUNTFORD HOUSE, 83 WORDSWORTH DRIVE |
| 22 Jun 2023 | £306,135 | £300,000 | FLAT 3 WILDOAKS HOUSE, 418 LONDON ROAD |
| 31 Mar 2023 | £172,887 | £170,000 | 5 SIDMOUTH COURT WORDSWORTH DRIVE |
| 20 Feb 2023 | £981,557 | £975,000 | 22 KINGSMEAD AVENUE |
| 17 Nov 2022 | £189,116 | £190,000 | 3 SIDMOUTH COURT WORDSWORTH DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Leicester Close |