£673,649
This estimated value is based upon the latest sale price for the house of £450,000 on 6 Jan 2015. 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 |
|---|---|
| £450,000 | 6 Jan 2015 |
| £235,000 | 28 Jul 2005 |
| Semi-Detached |
| Freehold |
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 January 2015 the House Price Index for GREATER LONDON was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £450,000 results in an estimated price of approximately £673,649.
| 6 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £450,000 | £223,649 | £673,649 |
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 | 1.337 % | £6,018 | £456,018 |
| 3 Month Average | 42.496 % | £191,232 | £641,232 |
| 6 Month Average | 34.563 % | £155,532 | £605,532 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £512,266 | £502,000 | 124 MALDEN ROAD |
| 31 Mar 2023 | £663,582 | £652,500 | 45 STOUGHTON AVENUE |
| 28 Feb 2023 | £742,460 | £737,500 | 71 STOUGHTON AVENUE |
| 1 Feb 2023 | £721,822 | £717,000 | 59 STOUGHTON AVENUE |
| 13 Oct 2022 | £585,046 | £587,000 | 49 STOUGHTON AVENUE |