£873,869
This estimated value is based upon the latest sale price for the house of £702,500 on 19 Jun 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
56 The Broadway, Cheam, SM3 8BD
Phone: 02081281019
| Price Paid | Date |
|---|---|
| £702,500 | 19 Jun 2018 |
| £600,000 | 20 Jun 2016 |
| Terraced |
| Freehold |
| Floor Area: 130 sq meters or 1,399 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 2018 the House Price Index for GREATER LONDON was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £702,500 results in an estimated price of approximately £873,869.
| 19 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £702,500 | £171,369 | £873,869 |
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 | -66.426 % | £-466,643 | £235,856 |
| 3 Month Average | 27.253 % | £191,449 | £893,949 |
| 6 Month Average | 26.187 % | £183,965 | £886,465 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £555,358 | £550,500 | 172 MALDEN ROAD |
| 30 Jun 2023 | £455,518 | £450,000 | 193 MALDEN ROAD |
| 26 Jul 2022 | £621,673 | £620,000 | 178 MALDEN ROAD |
| 23 Jun 2021 | £600,838 | £560,000 | 148 MALDEN ROAD |
| 21 Jun 2021 | £885,163 | £825,000 | 32 TUDOR CLOSE |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 3 Nov 2017. Using an estimated price of £873,869 means this house is valued at £6,722 per sq meter (£624 per sq foot).
The average size of a house on MALDEN ROAD is 90 sq meters (979 sq feet).