£185,945
This estimated value is based upon the latest sale price for the house of £48,800 on 11 May 2000. 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 |
|---|---|
| £48,800 | 11 May 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 2000 the House Price Index for GREATER LONDON was 39.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 281.036%.Applying this 281.036% change to the original purchase price of £48,800 results in an estimated price of approximately £185,945.
| 11 May 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.3 | 149.7 | 281.036 % | £48,800 | £137,145 | £185,945 |
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 | 48.519 % | £23,677 | £72,477 |
| 3 Month Average | 184.121 % | £89,851 | £138,651 |
| 6 Month Average | 209.637 % | £102,303 | £151,103 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £255,000 | £255,000 | 509A LONDON ROAD |
| 10 Nov 2023 | £348,855 | £340,000 | 518A LONDON ROAD |
| 19 Jun 2023 | £7,143 | £7,000 | 559 LONDON ROAD |
| 31 Mar 2023 | £213,567 | £210,000 | 509 LONDON ROAD |
| 3 Feb 2023 | £422,824 | £420,000 | 528 LONDON ROAD |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 18 Apr 2016. Using an estimated price of £185,946 means this house is valued at £3,873 per sq meter (£359 per sq foot).
The average size of a house on LONDON ROAD is 63 sq meters (683 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Senhouse Road | |
| Apr 2024 | Anti-social behaviour | On or near Senhouse Road | |
| Apr 2024 | Anti-social behaviour | On or near Senhouse Road | |
| Apr 2024 | Anti-social behaviour | On or near Senhouse Road | |
| Apr 2024 | Anti-social behaviour | On or near Senhouse Road |