£242,073
This estimated value is based upon the latest sale price for the house of £180,260 on 10 May 2016. 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 |
|---|---|
| £180,260 | 10 May 2016 |
| £155,000 | 31 Aug 2007 |
| £123,000 | 6 Aug 2004 |
| £55,000 | 17 Aug 2000 |
| £59,000 | 1 Sep 1999 |
| £120,000 | 27 Feb 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 51 sq meters or 548 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 2016 the House Price Index for GREATER LONDON was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £180,260 results in an estimated price of approximately £242,073.
| 10 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £180,260 | £61,813 | £242,073 |
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 | -62.240 % | £-112,193 | £68,066 |
| 3 Month Average | 44.769 % | £80,700 | £260,960 |
| 6 Month Average | 34.655 % | £62,469 | £242,729 |
| 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 |
| 20 Feb 2023 | £974,344 | £975,000 | 22 KINGSMEAD AVENUE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 4 Feb 2020. Using an estimated price of £242,074 means this house is valued at £4,746 per sq meter (£440 per sq foot).
The average size of a house on LONDON ROAD is 63 sq meters (683 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Spinney |
| Feb 2024 | Bicycle theft | 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 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairlight Close |