£504,274
This estimated value is based upon the latest sale price for the house of £470,000 on 25 Jun 2021. 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 |
|---|---|
| £470,000 | 25 Jun 2021 |
| £375,000 | 7 Sep 2015 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2021 the House Price Index for GREATER LONDON was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £470,000 results in an estimated price of approximately £504,274.
| 25 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £470,000 | £34,274 | £504,274 |
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 | -45.211 % | £-212,493 | £257,506 |
| 3 Month Average | -16.802 % | £-78,971 | £391,028 |
| 6 Month Average | -1.122 % | £-5,271 | £464,728 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £506,476 | £500,000 | 8 WINCHESTER MEWS |
| 10 Mar 2023 | £388,662 | £385,000 | 22 HANDSIDE CLOSE |
| 17 Feb 2023 | £492,169 | £492,500 | 58 CLARKES AVENUE |
| 31 Jan 2023 | £485,712 | £488,000 | 2 CLARKES AVENUE |
| 10 Nov 2022 | £602,700 | £610,000 | 47A CLARKES AVENUE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 20 Aug 2015. Using an estimated price of £504,274 means this house is valued at £6,003 per sq meter (£557 per sq foot).
The average size of a house on WINCHESTER MEWS is 98 sq meters (1,058 sq feet).