£468,603
This estimated value is based upon the latest sale price for the house of £367,000 on 20 Sep 2017. 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 |
|---|---|
| £367,000 | 20 Sep 2017 |
| £215,000 | 23 Aug 2006 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 570 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 September 2017 the House Price Index for GREATER LONDON was 117.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.685%.Applying this 27.685% change to the original purchase price of £367,000 results in an estimated price of approximately £468,603.
| 20 Sep 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 149.7 | 27.685 % | £367,000 | £101,603 | £468,603 |
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 | 10.079 % | £36,989 | £403,989 |
| 3 Month Average | 11.293 % | £41,444 | £408,444 |
| 6 Month Average | 11.698 % | £42,932 | £409,932 |
| 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 |
| 25 Oct 2023 | £521,852 | £510,000 | 33 SOUTHWOOD CLOSE |
| 5 Jun 2023 | £647,986 | £635,000 | 1 INVERNESS ROAD |
| 10 Mar 2023 | £391,539 | £385,000 | 22 HANDSIDE CLOSE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 28 Apr 2017. Using an estimated price of £468,603 means this house is valued at £8,841 per sq meter (£821 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 |