£741,999
This estimated value is based upon the latest sale price for the house of £600,000 on 30 Apr 2020. 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 |
|---|---|
| £600,000 | 30 Apr 2020 |
| £330,000 | 6 May 2011 |
| £142,000 | 20 Mar 1998 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 April 2020 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.667%.Applying this 23.667% change to the original purchase price of £600,000 results in an estimated price of approximately £741,999.
| 30 Apr 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.667 % | £600,000 | £141,999 | £741,999 |
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 | -6.040 % | £-36,240 | £563,759 |
| 3 Month Average | 16.823 % | £100,940 | £700,940 |
| 6 Month Average | 21.695 % | £130,167 | £730,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £444,008 | £436,000 | 5 KINGSDOWN ROAD |
| 23 Jun 2023 | £512,266 | £502,000 | 124 MALDEN ROAD |
| 23 Sep 2022 | £824,449 | £825,000 | 34 TUDOR CLOSE |
| 12 Nov 2021 | £1,933,897 | £1,775,000 | 53 MALDEN ROAD |
| 23 Jun 2021 | £605,285 | £560,000 | 148 MALDEN ROAD |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 18 Dec 2017. Using an estimated price of £742,000 means this house is valued at £5,888 per sq meter (£547 per sq foot).
The average size of a house on MALDEN ROAD is 90 sq meters (979 sq feet).