£645,137
This estimated value is based upon the latest sale price for the house of £549,950 on 23 Oct 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 |
|---|---|
| £549,950 | 23 Oct 2020 |
| £472,625 | 18 Apr 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 October 2020 the House Price Index for GREATER LONDON was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £549,950 results in an estimated price of approximately £645,137.
| 23 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £549,950 | £95,187 | £645,137 |
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 | -67.420 % | £-370,776 | £179,173 |
| 3 Month Average | 28.247 % | £155,342 | £705,292 |
| 6 Month Average | 22.146 % | £121,791 | £671,741 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £439,848 | £436,000 | 5 KINGSDOWN ROAD |
| 23 Jun 2023 | £508,155 | £502,000 | 124 MALDEN ROAD |
| 23 Sep 2022 | £818,391 | £825,000 | 34 TUDOR CLOSE |
| 12 Nov 2021 | £1,919,687 | £1,775,000 | 53 MALDEN ROAD |
| 23 Jun 2021 | £537,610 | £501,070 | 88 MALDEN ROAD |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 23 Jun 2020. Using an estimated price of £645,137 means this house is valued at £5,376 per sq meter (£499 per sq foot).
The average size of a house on MALDEN ROAD is 90 sq meters (979 sq feet).