£418,320
This estimated value is based upon the latest sale price for the house of £343,000 on 12 Mar 2019. 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 |
|---|---|
| £343,000 | 12 Mar 2019 |
| £282,000 | 19 May 2014 |
| £212,000 | 10 Mar 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 85 sq meters or 914 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 March 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.959%.Applying this 21.959% change to the original purchase price of £343,000 results in an estimated price of approximately £418,320.
| 12 Mar 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.959 % | £343,000 | £75,320 | £418,320 |
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 | -65.999 % | £-226,376 | £116,623 |
| 3 Month Average | 32.356 % | £110,982 | £453,982 |
| 6 Month Average | 38.223 % | £131,106 | £474,106 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 25 Mar 2015.
The average size of a house on LONDON ROAD is 63 sq meters (683 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairlight Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Fairlight Close |
| Jan 2024 | Drugs | Under investigation | On or near Fairlight Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Fairlight Close |
| Dec 2023 | Anti-social behaviour | On or near Leicester Close |