£208,396
This estimated value is based upon the latest sale price for the house of £40,000 on 14 Apr 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Somerset Close
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581 London Road, Cheam, Sutton, SM3 9AE
Phone: 02080331593
| Price Paid | Date |
|---|---|
| £40,000 | 14 Apr 1997 |
| £25,000 | 20 Nov 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 April 1997 the House Price Index for GREATER LONDON was 28.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 420.992%.Applying this 420.992% change to the original purchase price of £40,000 results in an estimated price of approximately £208,396.
| 14 Apr 1997 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 148.0 | 420.992 % | £40,000 | £168,396 | £208,396 |
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 | 514.940 % | £205,975 | £245,975 |
| 3 Month Average | 365.352 % | £146,140 | £186,140 |
| 6 Month Average | 399.810 % | £159,923 | £199,923 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £530,028 | £520,000 | 24 CHEAM COMMON ROAD |
| 31 Mar 2023 | £211,141 | £210,000 | 509 LONDON ROAD |
| 14 Mar 2023 | £355,924 | £354,000 | 22 CHEAM COMMON ROAD |
| 30 Sep 2022 | £624,406 | £632,000 | 10 WILLOWHAYNE GARDENS |
| 14 Jul 2022 | £4,993 | £5,000 | GROUND FLOOR PREMISES 489 LONDON ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 25 Jan 2019. Using an estimated price of £208,397 means this house is valued at £3,256 per sq meter (£302 per sq foot).
The average size of a house on CHEAM COMMON ROAD is 77 sq meters (831 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| 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 | Other theft | Under investigation | On or near Somerset Close |
| Mar 2024 | Anti-social behaviour | On or near Somerset Close | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Somerset Close |