£412,018
This estimated value is based upon the latest sale price for the house of £390,000 on 4 Feb 2022. 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 |
---|---|
£390,000 | 4 Feb 2022 |
£370,000 | 30 Jun 2016 |
£276,000 | 12 Sep 2014 |
£185,500 | 14 Oct 2003 |
£110,000 | 16 Nov 1999 |
£75,000 | 6 Mar 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 80 sq meters or 861 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 February 2022 the House Price Index for GREATER LONDON was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £390,000 results in an estimated price of approximately £412,018.
4 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.7 | 149.7 | 5.646 % | £390,000 | £22,018 | £412,018 |
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 | -56.675 % | £-221,031 | £168,968 |
3 Month Average | -16.619 % | £-64,815 | £325,184 |
6 Month Average | -13.128 % | £-51,197 | £338,802 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Jun 2023 | £306,135 | £300,000 | FLAT 3 WILDOAKS HOUSE, 418 LONDON ROAD |
31 Mar 2023 | £172,887 | £170,000 | 5 SIDMOUTH COURT WORDSWORTH DRIVE |
20 Feb 2023 | £981,557 | £975,000 | 22 KINGSMEAD AVENUE |
17 Nov 2022 | £189,116 | £190,000 | 3 SIDMOUTH COURT WORDSWORTH DRIVE |
21 Oct 2022 | £344,848 | £346,000 | 5 LEICESTER CLOSE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 21 Apr 2016. Using an estimated price of £412,018 means this house is valued at £5,150 per sq meter (£478 per sq foot).
The average size of a house on LONDON ROAD is 63 sq meters (683 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Leicester Close |