£288,358
This estimated value is based upon the latest sale price for the house of £185,000 on 18 Jan 2008. 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 |
|---|---|
| £185,000 | 18 Jan 2008 |
| Terraced |
| Leasehold |
| Floor Area: 95 sq meters or 1,032 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 2008 the House Price Index for GREATER LONDON was 95.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.870%.Applying this 55.870% change to the original purchase price of £185,000 results in an estimated price of approximately £288,358.
| 18 Jan 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.3 | 148.6 | 55.870 % | £185,000 | £103,358 | £288,358 |
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 | -55.188 % | £-102,098 | £82,901 |
| 3 Month Average | 81.067 % | £149,973 | £334,973 |
| 6 Month Average | 84.584 % | £156,481 | £341,481 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £529,260 | £520,000 | 24 CHEAM COMMON ROAD |
| 10 Nov 2023 | £345,109 | £340,000 | 518A LONDON ROAD |
| 1 Sep 2023 | £526,735 | £520,000 | 36 CHEAM COMMON ROAD |
| 19 Jun 2023 | £7,086 | £7,000 | 559 LONDON ROAD |
| 31 Mar 2023 | £211,997 | £210,000 | 509 LONDON ROAD |
This house has a floor area of 95 sq meters or 1,032 sq feet when measured on 7 May 2009. Using an estimated price of £288,359 means this house is valued at £3,005 per sq meter (£279 per sq foot).
The average size of a house on LONDON ROAD is 63 sq meters (683 sq feet).