£279,273
This estimated value is based upon the latest sale price for the house of £174,000 on 16 Dec 2013. 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 |
|---|---|
| £174,000 | 16 Dec 2013 |
| £150,000 | 19 Jun 2002 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 December 2013 the House Price Index for GREATER LONDON was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £174,000 results in an estimated price of approximately £279,273.
| 16 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 148.6 | 60.502 % | £174,000 | £105,273 | £279,273 |
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 | -52.225 % | £-90,872 | £83,127 |
| 3 Month Average | 79.474 % | £138,284 | £312,284 |
| 6 Month Average | 74.425 % | £129,499 | £303,499 |
| 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 63 sq meters or 678 sq feet when measured on 19 Oct 2019. Using an estimated price of £279,273 means this house is valued at £4,432 per sq meter (£411 per sq foot).
The average size of a house on MALDEN ROAD is 90 sq meters (979 sq feet).