£119,847
This estimated value is based upon the latest sale price for the house of £110,000 on 18 Nov 2021. 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 |
---|---|
£110,000 | 18 Nov 2021 |
£150,000 | 20 Aug 2019 |
£127,500 | 16 Jun 2006 |
Flats/Maisonettes |
Leasehold |
Floor Area: 39 sq meters or 419 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 2021 the House Price Index for GREATER LONDON was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £110,000 results in an estimated price of approximately £119,847.
18 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.4 | 149.7 | 8.952 % | £110,000 | £9,847 | £119,847 |
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 | -58.292 % | £-64,121 | £45,878 |
3 Month Average | -13.669 % | £-15,035 | £94,964 |
6 Month Average | -9.909 % | £-10,900 | £99,099 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Mar 2024 | £360,539 | £355,000 | FLAT 3 WILLIAM COURT, 85 WORDSWORTH DRIVE |
21 Aug 2023 | £104,892 | £103,000 | FLAT 32 BROOK COURT, 78 WORDSWORTH DRIVE |
31 Mar 2023 | £172,887 | £170,000 | 5 SIDMOUTH COURT WORDSWORTH DRIVE |
17 Nov 2022 | £189,116 | £190,000 | 3 SIDMOUTH COURT WORDSWORTH DRIVE |
25 May 2022 | £123,210 | £120,000 | FLAT 33 BROOK COURT, 78 WORDSWORTH DRIVE |
This house has a floor area of 39 sq meters or 419 sq feet when measured on 25 Sep 2018. Using an estimated price of £119,847 means this house is valued at £3,073 per sq meter (£285 per sq foot).
The average size of a house on WORDSWORTH DRIVE is 62 sq meters (670 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Leicester Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Somerset Close |