£507,153
This estimated value is based upon the latest sale price for the house of £115,000 on 18 Jun 1999. 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 |
|---|---|
| £115,000 | 18 Jun 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 June 1999 the House Price Index for GREATER LONDON was 33.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 341.003%.Applying this 341.003% change to the original purchase price of £115,000 results in an estimated price of approximately £507,153.
| 18 Jun 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.9 | 149.7 | 341.003 % | £115,000 | £392,153 | £507,153 |
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 | 170.667 % | £196,266 | £311,266 |
| 3 Month Average | 331.698 % | £381,452 | £496,452 |
| 6 Month Average | 310.186 % | £356,714 | £471,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Oct 2023 | £300,833 | £294,000 | 712A LONDON ROAD |
| 5 Sep 2023 | £501,045 | £490,000 | 23 MARLOW DRIVE |
| 10 Mar 2023 | £650,870 | £640,000 | 724 LONDON ROAD |
| 17 Feb 2023 | £588,934 | £585,000 | 34 MARLOW DRIVE |
| 20 Jan 2023 | £220,589 | £220,000 | 692B LONDON ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 21 Mar 2014. Using an estimated price of £507,153 means this house is valued at £6,110 per sq meter (£567 per sq foot).
The average size of a house on MARLOW DRIVE is 83 sq meters (898 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Petrol Station | |
| Oct 2024 | Anti-social behaviour | On or near Petrol Station | |
| Oct 2024 | Anti-social behaviour | On or near Petrol Station | |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |