£292,848
This estimated value is based upon the latest sale price for the house of £175,000 on 31 Jul 2013. 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 |
---|---|
£175,000 | 31 Jul 2013 |
£160,000 | 21 Oct 2011 |
£146,000 | 17 Mar 2006 |
£45,000 | 21 Feb 1997 |
£36,000 | 18 Apr 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 550 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 July 2013 the House Price Index for GREATER LONDON was 89.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £175,000 results in an estimated price of approximately £292,848.
31 Jul 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
89.5 | 149.7 | 67.342 % | £175,000 | £117,848 | £292,848 |
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 | -22.719 % | £-39,758 | £135,241 |
3 Month Average | 36.627 % | £64,097 | £239,097 |
6 Month Average | 53.169 % | £93,045 | £268,045 |
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 |
15 Aug 2023 | £432,806 | £425,000 | FLAT 3 MOUNTFORD HOUSE, 83 WORDSWORTH DRIVE |
22 Jun 2023 | £306,135 | £300,000 | FLAT 3 WILDOAKS HOUSE, 418 LONDON ROAD |
31 Mar 2023 | £172,887 | £170,000 | 5 SIDMOUTH COURT WORDSWORTH DRIVE |
This house has a floor area of 51 sq meters or 550 sq feet when measured on 24 Sep 2009. Using an estimated price of £292,848 means this house is valued at £5,730 per sq meter (£532 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 |
Apr 2024 | Burglary | Under investigation | On or near Somerset Close |