£688,414
This estimated value is based upon the latest sale price for the house of £525,000 on 16 Dec 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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56 The Broadway, Cheam, SM3 8BD
Phone: 02081281019
| Price Paid | Date |
|---|---|
| £525,000 | 16 Dec 2016 |
| £180,000 | 21 Oct 2003 |
| Terraced |
| Freehold |
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 December 2016 the House Price Index for GREATER LONDON was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £525,000 results in an estimated price of approximately £688,414.
| 16 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £525,000 | £163,414 | £688,414 |
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 | -71.829 % | £-377,104 | £147,895 |
| 3 Month Average | 18.521 % | £97,235 | £622,235 |
| 6 Month Average | 24.847 % | £130,447 | £655,447 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Mar 2023 | £757,133 | £750,000 | 21A PARK ROAD |
| 3 Feb 2023 | £479,677 | £480,000 | 7 RUSHMON PLACE |
| 23 Jan 2023 | £398,125 | £400,000 | FLAT 10 VILLAGE COURT, 25A PARK ROAD |
| 2 Nov 2022 | £731,144 | £740,000 | 7 CHURCH FARM LANE |
| 8 Oct 2021 | £636,225 | £575,000 | 4 LUMLEY GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Church Farm Lane |
| Mar 2024 | Anti-social behaviour | On or near Church Farm Lane | |
| Mar 2024 | Anti-social behaviour | On or near Church Farm Lane | |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Springclose Lane |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Springclose Lane |