£281,861
This estimated value is based upon the latest sale price for the house of £270,000 on 31 Mar 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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107 London Road, Morden, SM4 5HP
Phone: 02080220095
| Price Paid | Date |
|---|---|
| £270,000 | 31 Mar 2022 |
| £166,500 | 29 Sep 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 March 2022 the House Price Index for GREATER LONDON was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £270,000 results in an estimated price of approximately £281,861.
| 31 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £270,000 | £11,861 | £281,861 |
The Postcode Pricing Model uses changes in average sales price within the SM4 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 | 10.962 % | £29,597 | £299,597 |
| 3 Month Average | 4.290 % | £11,583 | £281,583 |
| 6 Month Average | 4.730 % | £12,770 | £282,770 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Oct 2023 | £347,902 | £340,000 | FLAT 4 NURSERY VIEW HOUSE, 38 SCHOOLGATE DRIVE |
| 11 Aug 2023 | £252,046 | £247,500 | FLAT 96 FIELD HOUSE, 40 SCHOOLGATE DRIVE |
| 3 Mar 2023 | £279,671 | £275,000 | FLAT 93 FIELD HOUSE, 40 SCHOOLGATE DRIVE |
| 7 Jul 2022 | £272,733 | £270,000 | FLAT 39 FIELD HOUSE, 40 SCHOOLGATE DRIVE |
| 20 May 2022 | £351,148 | £342,000 | FLAT 5 FIELD HOUSE, 40 SCHOOLGATE DRIVE |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 15 Feb 2021. Using an estimated price of £281,862 means this house is valued at £6,711 per sq meter (£623 per sq foot).
The average size of a house on SCHOOLGATE DRIVE is 64 sq meters (697 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Calder Road |
| Apr 2024 | Other theft | Under investigation | On or near Central Road |