£593,051
This estimated value is based upon the latest sale price for the house of £480,000 on 28 Nov 2019. 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 |
|---|---|
| £480,000 | 28 Nov 2019 |
| £153,000 | 27 Nov 2000 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 November 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £480,000 results in an estimated price of approximately £593,051.
| 28 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £480,000 | £113,051 | £593,051 |
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 | -17.190 % | £-82,511 | £397,488 |
| 3 Month Average | 26.226 % | £125,885 | £605,885 |
| 6 Month Average | 14.726 % | £70,684 | £550,684 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £501,045 | £490,000 | 23 MARLOW DRIVE |
| 17 Feb 2023 | £588,934 | £585,000 | 34 MARLOW DRIVE |
| 10 Aug 2022 | £561,626 | £559,000 | 54 EGHAM CRESCENT |
| 6 Jun 2022 | £511,432 | £500,500 | 92 EGHAM CRESCENT |
| 29 Apr 2022 | £627,640 | £605,000 | 91 MARLOW DRIVE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 31 Dec 2018. Using an estimated price of £593,052 means this house is valued at £6,589 per sq meter (£612 per sq foot).
The average size of a house on MARLOW DRIVE is 83 sq meters (898 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Marlow Drive | |
| Oct 2024 | Anti-social behaviour | On or near Petrol Station | |
| Oct 2024 | Anti-social behaviour | On or near Petrol Station | |
| Oct 2024 | Anti-social behaviour | On or near Petrol Station | |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |