£395,476
This estimated value is based upon the latest sale price for the house of £299,950 on 24 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Somerset Close
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581 London Road, Cheam, Sutton, SM3 9AE
Phone: 02080331593
| Price Paid | Date |
|---|---|
| £299,950 | 24 Jun 2016 |
| £177,500 | 18 Mar 2011 |
| £59,900 | 26 Jul 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 766 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 June 2016 the House Price Index for GREATER LONDON was 111.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.847%.Applying this 31.847% change to the original purchase price of £299,950 results in an estimated price of approximately £395,476.
| 24 Jun 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 146.7 | 31.847 % | £299,950 | £95,526 | £395,476 |
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 | -66.723 % | £-200,135 | £99,814 |
| 3 Month Average | 52.449 % | £157,320 | £457,270 |
| 6 Month Average | 57.091 % | £171,243 | £471,193 |
This house has a floor area of 71 sq meters or 766 sq feet when measured on 30 Jul 2009.
The average size of a house on LONDON ROAD is 63 sq meters (683 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Somerset Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerset Close |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Somerset Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerset Close |