£597,063
This estimated value is based upon the latest sale price for the house of £257,000 on 24 Jul 2003. 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 |
|---|---|
| £257,000 | 24 Jul 2003 |
| £115,000 | 17 Sep 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 July 2003 the House Price Index for GREATER LONDON was 64.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 132.320%.Applying this 132.320% change to the original purchase price of £257,000 results in an estimated price of approximately £597,063.
| 24 Jul 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.6 | 132.320 % | £257,000 | £340,063 | £597,063 |
The Postcode Pricing Model uses changes in average sales price within the KT4 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 | 163.219 % | £419,471 | £676,471 |
| 3 Month Average | 112.843 % | £290,007 | £547,007 |
| 6 Month Average | 129.443 % | £332,668 | £589,668 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £529,260 | £520,000 | 24 CHEAM COMMON ROAD |
| 10 Nov 2023 | £248,682 | £245,000 | FLAT 24A PACKHAM COURT LAVENDER AVENUE |
| 1 Sep 2023 | £526,735 | £520,000 | 36 CHEAM COMMON ROAD |
| 24 Jul 2023 | £283,820 | £280,000 | FLAT 15 PACKHAM COURT LAVENDER AVENUE |
| 31 Mar 2023 | £211,997 | £210,000 | 509 LONDON ROAD |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 15 Jan 2014. Using an estimated price of £597,064 means this house is valued at £5,741 per sq meter (£533 per sq foot).
The average size of a house on LAVENDER AVENUE is 77 sq meters (833 sq feet).