£530,931
This estimated value is based upon the latest sale price for the house of £400,000 on 18 Nov 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 |
---|---|
£400,000 | 18 Nov 2016 |
Terraced |
Freehold |
Floor Area: 68 sq meters or 731 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 November 2016 the House Price Index for GREATER LONDON was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £400,000 results in an estimated price of approximately £530,931.
18 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.8 | 149.7 | 32.733 % | £400,000 | £130,931 | £530,931 |
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 | -51.408 % | £-205,632 | £194,367 |
3 Month Average | 5.587 % | £22,346 | £422,346 |
6 Month Average | 8.725 % | £34,901 | £434,901 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Sep 2023 | £501,045 | £490,000 | 23 MARLOW DRIVE |
17 Feb 2023 | £588,934 | £585,000 | 34 MARLOW DRIVE |
10 Aug 2022 | £561,626 | £559,000 | 54 EGHAM CRESCENT |
6 Jun 2022 | £511,432 | £500,500 | 92 EGHAM CRESCENT |
29 Apr 2022 | £627,640 | £605,000 | 91 MARLOW DRIVE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 8 Jun 2016. Using an estimated price of £530,932 means this house is valued at £7,807 per sq meter (£725 per sq foot).
The average size of a house on MARLOW DRIVE is 83 sq meters (898 sq feet).
This house is the smallest in the street with a floor area of 68 sq meters (731 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Camberley Close |
Apr 2024 | Other theft | Under investigation | On or near Petrol Station |
Apr 2024 | Other theft | Under investigation | On or near Petrol Station |
Apr 2024 | Other theft | Under investigation | On or near Petrol Station |
Apr 2024 | Other theft | Under investigation | On or near Petrol Station |