£381,924
This estimated value is based upon the latest sale price for the house of £205,000 on 27 May 2005. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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45-47 Station Way, Cheam, SM3 8SD
Phone: 02081152230
| Price Paid | Date |
|---|---|
| £205,000 | 27 May 2005 |
| £42,000 | 18 Apr 1997 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 59 sq meters or 641 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 2005 the House Price Index for GREATER LONDON was 80.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.305%.Applying this 86.305% change to the original purchase price of £205,000 results in an estimated price of approximately £381,924.
| 27 May 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 149.7 | 86.305 % | £205,000 | £176,924 | £381,924 |
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 | -14.509 % | £-29,742 | £175,257 |
| 3 Month Average | 65.478 % | £134,229 | £339,229 |
| 6 Month Average | 82.403 % | £168,926 | £373,926 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 May 2024 | £345,000 | £345,000 | FLAT 11 FARRIERS COURT FORGE LANE |
| 14 Jun 2023 | £484,714 | £475,000 | FLAT 18 CENTURY HOUSE STATION WAY |
| 19 Jan 2023 | £792,116 | £790,000 | FLAT 5 CHEAM COURT STATION WAY |
| 17 Jan 2023 | £381,018 | £380,000 | 7 KINGSWAY ROAD |
| 11 Jan 2023 | £406,085 | £405,000 | 5 KINGSWAY ROAD |
This house has a floor area of 59 sq meters or 641 sq feet when measured on 15 Mar 2012. Using an estimated price of £381,925 means this house is valued at £6,412 per sq meter (£595 per sq foot).
The average size of a house on STATION WAY is 78 sq meters (842 sq feet).