£721,039
This estimated value is based upon the latest sale price for the house of £585,000 on 10 Feb 2020. 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 |
|---|---|
| £585,000 | 10 Feb 2020 |
| £335,250 | 3 Feb 2012 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 February 2020 the House Price Index for GREATER LONDON was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £585,000 results in an estimated price of approximately £721,039.
| 10 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £585,000 | £136,039 | £721,039 |
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 | -51.666 % | £-302,245 | £282,754 |
| 3 Month Average | 12.603 % | £73,729 | £658,729 |
| 6 Month Average | 12.315 % | £72,040 | £657,040 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Oct 2023 | £562,782 | £550,000 | FLAT 2 PALACE COURT, 26 THE BROADWAY |
| 10 Mar 2023 | £762,738 | £750,000 | 21A PARK ROAD |
| 3 Feb 2023 | £483,228 | £480,000 | 7 RUSHMON PLACE |
| 23 Jan 2023 | £401,072 | £400,000 | FLAT 10 VILLAGE COURT, 25A PARK ROAD |
| 2 Nov 2022 | £736,556 | £740,000 | 7 CHURCH FARM LANE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 28 Oct 2019. Using an estimated price of £721,040 means this house is valued at £8,193 per sq meter (£761 per sq foot).
The average size of a house on CHURCH FARM LANE is 160 sq meters (1,725 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Church Farm Lane |