£359,541
This estimated value is based upon the latest sale price for the house of £330,000 on 19 Nov 2021. 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 |
---|---|
£330,000 | 19 Nov 2021 |
£323,000 | 23 Feb 2018 |
Terraced |
Leasehold |
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 2021 the House Price Index for GREATER LONDON was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £330,000 results in an estimated price of approximately £359,541.
19 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.4 | 149.7 | 8.952 % | £330,000 | £29,541 | £359,541 |
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 | -4.002 % | £-13,205 | £316,794 |
3 Month Average | 14.716 % | £48,562 | £378,562 |
6 Month Average | 0.637 % | £2,101 | £332,101 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £419,652 | £409,000 | 23 SOUTHWOOD CLOSE |
10 Mar 2023 | £391,539 | £385,000 | 22 HANDSIDE CLOSE |
17 Feb 2023 | £495,812 | £492,500 | 58 CLARKES AVENUE |
10 Nov 2022 | £607,161 | £610,000 | 47A CLARKES AVENUE |
10 Jun 2022 | £436,327 | £427,000 | 10 SOUTHWOOD CLOSE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 13 Apr 2016. Using an estimated price of £359,541 means this house is valued at £4,993 per sq meter (£463 per sq foot).
The average size of a house on STANTON CLOSE is 83 sq meters (895 sq feet).