£425,450
This estimated value is based upon the latest sale price for the house of £342,000 on 28 Sep 2018. 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 |
|---|---|
| £342,000 | 28 Sep 2018 |
| £308,000 | 30 Apr 2015 |
| £163,500 | 26 Jul 2002 |
| Terraced |
| Freehold |
| 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 September 2018 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £342,000 results in an estimated price of approximately £425,450.
| 28 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £342,000 | £83,450 | £425,450 |
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 | 8.824 % | £30,178 | £372,178 |
| 3 Month Average | 10.347 % | £35,388 | £377,388 |
| 6 Month Average | 5.752 % | £19,672 | £361,672 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 10 Mar 2023 | £391,539 | £385,000 | 22 HANDSIDE CLOSE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 1 Nov 2014. Using an estimated price of £425,450 means this house is valued at £7,211 per sq meter (£669 per sq foot).
The average size of a house on SOUTHWOOD CLOSE is 65 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Charminster Road |