£378,625
This estimated value is based upon the latest sale price for the house of £310,000 on 25 Oct 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
581 London Road, Cheam, Sutton, SM3 9AE
Phone: 02080331593
| Price Paid | Date |
|---|---|
| £310,000 | 25 Oct 2019 |
| £162,000 | 6 Dec 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 October 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.137%.Applying this 22.137% change to the original purchase price of £310,000 results in an estimated price of approximately £378,625.
| 25 Oct 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.0 | 22.137 % | £310,000 | £68,625 | £378,625 |
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 | 44.746 % | £138,712 | £448,712 |
| 3 Month Average | 0.934 % | £2,895 | £312,895 |
| 6 Month Average | 7.406 % | £22,958 | £332,958 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £356,203 | £355,000 | FLAT 3 WILLIAM COURT, 85 WORDSWORTH DRIVE |
| 21 Aug 2023 | £103,630 | £103,000 | FLAT 32 BROOK COURT, 78 WORDSWORTH DRIVE |
| 19 Jul 2023 | £576,453 | £571,000 | 431 LONDON ROAD |
| 31 Mar 2023 | £170,924 | £170,000 | 5 SIDMOUTH COURT WORDSWORTH DRIVE |
| 17 Nov 2022 | £186,968 | £190,000 | 3 SIDMOUTH COURT WORDSWORTH DRIVE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 4 Jun 2019. Using an estimated price of £378,625 means this house is valued at £5,736 per sq meter (£532 per sq foot).
The average size of a house on LEICESTER CLOSE is 66 sq meters (720 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Leicester Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Willowhayne Gardens |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Somerset Close |
| Apr 2024 | Burglary | Under investigation | On or near Somerset Close |
| Mar 2024 | Anti-social behaviour | On or near Somerset Close |