£245,052
This estimated value is based upon the latest sale price for the house of £185,000 on 25 Oct 2016. This value is then adjusted by the current Official House Price Index for SURREY 1
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2-3 South Parade, School Hill, Merstham, RH1 3RA
Phone: 01737483601
| Price Paid | Date |
|---|---|
| £185,000 | 25 Oct 2016 |
| £95,000 | 30 Mar 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 34 sq meters or 365 sq feet |
This model uses changes in the Official Land Registry House Price Index for SURREY to estimate the market value.
When this house was purchased in October 2016 the House Price Index for SURREY was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £185,000 results in an estimated price of approximately £245,052.
| 25 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £185,000 | £60,052 | £245,052 |
The Postcode Pricing Model uses changes in average sales price within the RH1 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 | 14.194 % | £26,258 | £211,258 |
| 3 Month Average | -10.390 % | £-19,220 | £165,779 |
| 6 Month Average | -3.007 % | £-5,563 | £179,436 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £1,152,662 | £1,138,700 | 14 STATION ROAD |
| 25 Nov 2022 | £288,802 | £292,300 | 33 STATION ROAD |
| 7 Apr 2022 | £561,241 | £545,000 | 24 STATION ROAD |
| 8 Oct 2021 | £791,132 | £715,000 | 39 - 41 STATION ROAD |
| 20 Dec 2020 | £401,642 | £349,950 | FLAT 36 PICTURE HOUSE, 1 MARKETFIELD WAY |
This house has a floor area of 34 sq meters or 365 sq feet when measured on 15 Jan 2019. Using an estimated price of £245,052 means this house is valued at £7,207 per sq meter (£669 per sq foot).
The average size of a house on STATION ROAD is 59 sq meters (641 sq feet).