£436,326
This estimated value is based upon the latest sale price for the house of £427,000 on 10 Jun 2022. 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 |
|---|---|
| £427,000 | 10 Jun 2022 |
| £395,000 | 12 May 2017 |
| £249,950 | 20 Jul 2007 |
| £136,000 | 23 May 2001 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 June 2022 the House Price Index for GREATER LONDON was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £427,000 results in an estimated price of approximately £436,326.
| 10 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £427,000 | £9,326 | £436,326 |
The Postcode Pricing Model uses changes in average sales price within the KT4 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 | 3.189 % | £13,615 | £440,615 |
| 3 Month Average | 8.087 % | £34,531 | £461,531 |
| 6 Month Average | -5.525 % | £-23,591 | £403,408 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £428,887 | £418,000 | 28 SOUTHWOOD CLOSE |
| 10 Nov 2023 | £419,652 | £409,000 | 23 SOUTHWOOD CLOSE |
| 5 Jun 2023 | £647,986 | £635,000 | 1 INVERNESS ROAD |
| 10 Mar 2023 | £391,539 | £385,000 | 22 HANDSIDE CLOSE |
| 9 Aug 2022 | £269,259 | £268,000 | 60 SOUTHWOOD CLOSE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 21 Feb 2017. Using an estimated price of £436,327 means this house is valued at £5,977 per sq meter (£555 per sq foot).
The average size of a house on SOUTHWOOD CLOSE is 65 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Charminster Road |