£2,181,577
This estimated value is based upon the latest sale price for the house of £356,000 on 5 May 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 |
|---|---|
| £356,000 | 5 May 2023 |
| £240,000 | 27 May 2015 |
| £205,000 | 18 Apr 2008 |
| £149,000 | 7 Mar 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 84 sq meters or 911 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 May 2023 the House Price Index for GREATER LONDON was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £356,000 results in an estimated price of approximately £2,181,577.
| 5 May 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £356,000 | £1,825,577 | £2,181,577 |
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 | -44.412 % | £-158,106 | £197,893 |
| 3 Month Average | -11.342 % | £-40,378 | £315,621 |
| 6 Month Average | -13.272 % | £-47,249 | £308,750 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £255,000 | £255,000 | 509A LONDON ROAD |
| 12 Dec 2023 | £536,485 | £520,000 | 24 CHEAM COMMON ROAD |
| 1 Sep 2023 | £531,721 | £520,000 | 36 CHEAM COMMON ROAD |
| 14 Apr 2023 | £326,099 | £320,000 | 271A MALDEN ROAD |
| 31 Mar 2023 | £213,567 | £210,000 | 509 LONDON ROAD |
This house has a floor area of 84 sq meters or 911 sq feet when measured on 14 Nov 2008.
The average size of a house on MALDEN ROAD is 90 sq meters (979 sq feet).