£596,400
This estimated value is based upon the latest sale price for the house of £310,000 on 27 Sep 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Somerset Close
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581 London Road, Cheam, Sutton, SM3 9AE
Phone: 02080331593
| Price Paid | Date |
|---|---|
| £310,000 | 27 Sep 2004 |
| £249,999 | 27 Mar 2003 |
| Semi-Detached |
| 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 September 2004 the House Price Index for GREATER LONDON was 77.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 92.387%.Applying this 92.387% change to the original purchase price of £310,000 results in an estimated price of approximately £596,400.
| 27 Sep 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.8 | 149.7 | 92.387 % | £310,000 | £286,400 | £596,400 |
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 | -3.101 % | £-9,613 | £300,386 |
| 3 Month Average | 74.730 % | £231,664 | £541,664 |
| 6 Month Average | 94.446 % | £292,783 | £602,783 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £536,485 | £520,000 | 24 CHEAM COMMON ROAD |
| 28 Nov 2023 | £333,465 | £325,000 | 34 QUEENSFIELD COURT LONDON ROAD |
| 1 Sep 2023 | £531,721 | £520,000 | 36 CHEAM COMMON ROAD |
| 14 Mar 2023 | £360,012 | £354,000 | 22 CHEAM COMMON ROAD |
| 20 Jan 2023 | £347,930 | £347,000 | 35 QUEENSFIELD COURT LONDON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Somerset Close |
| Apr 2024 | Burglary | Under investigation | On or near Somerset Close |
| Apr 2024 | Vehicle crime | Under investigation | On or near Leicester Close |