£690,915
This estimated value is based upon the latest sale price for the house of £480,000 on 7 Jul 2015. 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 |
|---|---|
| £480,000 | 7 Jul 2015 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 July 2015 the House Price Index for SURREY was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £480,000 results in an estimated price of approximately £690,915.
| 7 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £480,000 | £210,915 | £690,915 |
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 | 21.221 % | £101,859 | £581,859 |
| 3 Month Average | 1.584 % | £7,602 | £487,602 |
| 6 Month Average | 19.028 % | £91,334 | £571,334 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £283,433 | £280,000 | FLAT 1 GALAHAD HOUSE KNIGHTS PLACE |
| 2 Jun 2023 | £1,152,662 | £1,138,700 | 14 STATION ROAD |
| 16 Sep 2022 | £386,876 | £390,000 | 13 REDSTONE HILL |
| 13 May 2022 | £254,801 | £250,000 | FLAT 21 GUINEVERE HOUSE KNIGHTS PLACE |
| 7 Apr 2022 | £561,241 | £545,000 | 24 STATION ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 16 Dec 2014. Using an estimated price of £690,915 means this house is valued at £7,350 per sq meter (£682 per sq foot).
The average size of a house on REDSTONE HILL is 126 sq meters (1,360 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | On or near Redhill (Station) | |
| Mar 2024 | Other theft | On or near Redhill (Station) | |
| Mar 2024 | Violence and sexual offences | On or near Redhill (Station) | |
| Feb 2024 | Violence and sexual offences | On or near Redhill (Station) | |
| Feb 2024 | Violence and sexual offences | On or near Redhill (Station) |