£544,457
This estimated value is based upon the latest sale price for the house of £420,000 on 12 May 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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The Cottage, 17 Belmont Road, Wallington,, SM6 8TE
Phone: 02036414443
| Price Paid | Date |
|---|---|
| £420,000 | 12 May 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 May 2017 the House Price Index for GREATER LONDON was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £420,000 results in an estimated price of approximately £544,457.
| 12 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £420,000 | £124,457 | £544,457 |
The Postcode Pricing Model uses changes in average sales price within the SM6 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 | -26.089 % | £-109,571 | £310,428 |
| 3 Month Average | 9.865 % | £41,431 | £461,431 |
| 6 Month Average | 15.726 % | £66,049 | £486,049 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Oct 2023 | £511,620 | £500,000 | 49 NORTHWAY |
| 16 Jun 2023 | £298,992 | £293,000 | 55 MONTAGU GARDENS |
| 29 Mar 2023 | £467,813 | £460,000 | 31 SOUTHWAY |
| 10 Mar 2023 | £518,662 | £510,000 | 9 EASTWAY |
| 25 Mar 2022 | £328,839 | £315,000 | 4 BOND GARDENS |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 6 Feb 2017. Using an estimated price of £544,458 means this house is valued at £5,555 per sq meter (£516 per sq foot).
The average size of a house on NORTHWAY is 102 sq meters (1,103 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Grassway |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Southway |
| Apr 2024 | Other theft | Under investigation | On or near Bute Road |