£349,969
This estimated value is based upon the latest sale price for the house of £74,000 on 3 Jun 1998. 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 |
|---|---|
| £74,000 | 3 Jun 1998 |
| £50,000 | 1 Jun 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 June 1998 the House Price Index for GREATER LONDON was 31.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 372.931%.Applying this 372.931% change to the original purchase price of £74,000 results in an estimated price of approximately £349,969.
| 3 Jun 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.7 | 149.7 | 372.931 % | £74,000 | £275,969 | £349,969 |
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 | 313.968 % | £232,336 | £306,336 |
| 3 Month Average | 373.690 % | £276,530 | £350,530 |
| 6 Month Average | 358.040 % | £264,949 | £338,949 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £360,539 | £355,000 | FLAT 3 WILLIAM COURT, 85 WORDSWORTH DRIVE |
| 21 Aug 2023 | £104,892 | £103,000 | FLAT 32 BROOK COURT, 78 WORDSWORTH DRIVE |
| 31 Mar 2023 | £172,887 | £170,000 | 5 SIDMOUTH COURT WORDSWORTH DRIVE |
| 17 Nov 2022 | £189,116 | £190,000 | 3 SIDMOUTH COURT WORDSWORTH DRIVE |
| 21 Oct 2022 | £344,848 | £346,000 | 5 LEICESTER CLOSE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 2 Jul 2014. Using an estimated price of £349,969 means this house is valued at £5,931 per sq meter (£551 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 |
| Apr 2024 | Burglary | Under investigation | On or near Somerset Close |