£451,637
This estimated value is based upon the latest sale price for the house of £385,000 on 26 Oct 2020. 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 |
---|---|
£385,000 | 26 Oct 2020 |
£230,000 | 18 Jun 2010 |
£82,500 | 3 Mar 1997 |
Terraced |
Freehold |
Floor Area: 66 sq meters or 710 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 October 2020 the House Price Index for GREATER LONDON was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £385,000 results in an estimated price of approximately £451,637.
26 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
126.7 | 148.6 | 17.308 % | £385,000 | £66,637 | £451,637 |
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 | -47.873 % | £-184,309 | £200,690 |
3 Month Average | -19.757 % | £-76,064 | £308,935 |
6 Month Average | 6.045 % | £23,272 | £408,272 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £424,281 | £418,000 | 28 SOUTHWOOD CLOSE |
10 Nov 2023 | £415,146 | £409,000 | 23 SOUTHWOOD CLOSE |
5 Jun 2023 | £642,786 | £635,000 | 1 INVERNESS ROAD |
10 Mar 2023 | £388,662 | £385,000 | 22 HANDSIDE CLOSE |
9 Aug 2022 | £267,281 | £268,000 | 60 SOUTHWOOD CLOSE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 10 Jun 2020. Using an estimated price of £451,637 means this house is valued at £6,842 per sq meter (£635 per sq foot).
The average size of a house on SOUTHWOOD CLOSE is 65 sq meters (710 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Southwood Close |
Jan 2024 | Other theft | Under investigation | On or near Rose End |
Jan 2024 | Public order | Under investigation | On or near Charminster Road |