£494,761
This estimated value is based upon the latest sale price for the house of £400,000 on 24 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Somerset Close
More crime details
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581 London Road, Cheam, Sutton, SM3 9AE
Phone: 02080331593
| Price Paid | Date |
|---|---|
| £400,000 | 24 Aug 2018 |
| Freehold |
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 August 2018 the House Price Index for GREATER LONDON was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £400,000 results in an estimated price of approximately £494,761.
| 24 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £400,000 | £94,761 | £494,761 |
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 | -35.772 % | £-143,086 | £256,913 |
| 3 Month Average | -14.636 % | £-58,545 | £341,454 |
| 6 Month Average | 6.899 % | £27,595 | £427,595 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £529,260 | £520,000 | 24 CHEAM COMMON ROAD |
| 1 Sep 2023 | £526,735 | £520,000 | 36 CHEAM COMMON ROAD |
| 31 Mar 2023 | £211,997 | £210,000 | 509 LONDON ROAD |
| 14 Mar 2023 | £357,367 | £354,000 | 22 CHEAM COMMON ROAD |
| 30 Sep 2022 | £626,937 | £632,000 | 10 WILLOWHAYNE GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerset Close |
| Jan 2024 | Burglary | Under investigation | On or near Somerset Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerset Close |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Somerset Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Willowhayne Gardens |