£428,886
This estimated value is based upon the latest sale price for the house of £418,000 on 15 Nov 2023. 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 |
|---|---|
| £418,000 | 15 Nov 2023 |
| £375,000 | 29 Aug 2017 |
| £235,000 | 2 Sep 2010 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 November 2023 the House Price Index for GREATER LONDON was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £418,000 results in an estimated price of approximately £428,886.
| 15 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £418,000 | £10,886 | £428,886 |
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 | 21.401 % | £89,455 | £507,455 |
| 3 Month Average | -2.012 % | £-8,411 | £409,588 |
| 6 Month Average | 3.567 % | £14,909 | £432,909 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £223,433 | £220,000 | 12 CARTERS CLOSE |
| 15 Nov 2023 | £428,887 | £418,000 | 28 SOUTHWOOD CLOSE |
| 10 Nov 2023 | £215,469 | £210,000 | 45 CARTERS CLOSE |
| 25 Oct 2023 | £521,852 | £510,000 | 33 SOUTHWOOD CLOSE |
| 23 Mar 2023 | £320,350 | £315,000 | 7 CARTERS CLOSE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 18 Aug 2021. Using an estimated price of £428,887 means this house is valued at £5,956 per sq meter (£553 per sq foot).
The average size of a house on SOUTHWOOD CLOSE is 65 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Handside Close | |
| Sep 2024 | Anti-social behaviour | On or near Handside Close | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Inverness Road |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Inverness Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Carters Close |