£562,781
This estimated value is based upon the latest sale price for the house of £550,000 on 9 Oct 2023. 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 |
|---|---|
| £550,000 | 9 Oct 2023 |
| Flats/Maisonettes |
| Leasehold |
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 October 2023 the House Price Index for GREATER LONDON was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £550,000 results in an estimated price of approximately £562,781.
| 9 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £550,000 | £12,781 | £562,781 |
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 | -68.974 % | £-379,355 | £170,644 |
| 3 Month Average | -22.687 % | £-124,780 | £425,219 |
| 6 Month Average | -12.711 % | £-69,911 | £480,088 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Oct 2023 | £562,782 | £550,000 | FLAT 2 PALACE COURT, 26 THE BROADWAY |
| 30 Mar 2023 | £284,755 | £280,000 | 18A THE BROADWAY |
| 10 Mar 2023 | £762,738 | £750,000 | 21A PARK ROAD |
| 3 Feb 2023 | £483,228 | £480,000 | 7 RUSHMON PLACE |
| 23 Jan 2023 | £401,072 | £400,000 | FLAT 10 VILLAGE COURT, 25A PARK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near The Broadway |
| Apr 2024 | Other crime | Under investigation | On or near Shopping Area |