£280,952
This estimated value is based upon the latest sale price for the house of £265,000 on 21 Jan 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 |
|---|---|
| £265,000 | 21 Jan 2022 |
| £300,000 | 25 Aug 2017 |
| £186,500 | 21 Jun 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 January 2022 the House Price Index for GREATER LONDON was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £265,000 results in an estimated price of approximately £280,952.
| 21 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 149.7 | 6.020 % | £265,000 | £15,952 | £280,952 |
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 | -2.241 % | £-5,939 | £259,060 |
| 3 Month Average | 4.035 % | £10,693 | £275,693 |
| 6 Month Average | -1.928 % | £-5,110 | £259,889 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £395,027 | £385,000 | FLAT 1 ASSEMBLY HOUSE, 1 SCHOOLGATE DRIVE |
| 10 Aug 2023 | £336,061 | £330,000 | FLAT 24 WINDINGS HOUSE, 23 SCHOOLGATE DRIVE |
| 14 Feb 2023 | £261,748 | £260,000 | FLAT 10 WINDINGS HOUSE, 23 SCHOOLGATE DRIVE |
| 13 Oct 2022 | £348,835 | £350,000 | FLAT 20 ASSEMBLY HOUSE, 1 SCHOOLGATE DRIVE |
| 15 Jul 2022 | £282,834 | £280,000 | FLAT 25 WINDINGS HOUSE, 23 SCHOOLGATE DRIVE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 20 Mar 2013. Using an estimated price of £280,953 means this house is valued at £5,202 per sq meter (£483 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 | Other theft | Under investigation | On or near Central Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Calder Road |
| Apr 2024 | Robbery | Under investigation | On or near Hazelwood Avenue |