£211,144
This estimated value is based upon the latest sale price for the house of £185,000 on 29 Jan 2021. 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 | 29 Jan 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 45 sq meters or 484 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 January 2021 the House Price Index for SURREY was 130.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.132%.Applying this 14.132% change to the original purchase price of £185,000 results in an estimated price of approximately £211,144.
| 29 Jan 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.2 | 148.6 | 14.132 % | £185,000 | £26,144 | £211,144 |
The Postcode Pricing Model uses changes in average sales price within the RH6 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 | -67.477 % | £-124,832 | £60,167 |
| 3 Month Average | 20.800 % | £38,479 | £223,479 |
| 6 Month Average | -1.063 % | £-1,966 | £183,033 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £198,473 | £195,000 | FLAT 11 IMPERIAL BUILDINGS, 68 VICTORIA ROAD |
| 28 Jul 2023 | £278,752 | £275,000 | FLAT 4 10 SOVEREIGN WALK |
| 11 Apr 2023 | £308,320 | £305,000 | FLAT 48 RUSSELL SQUARE RUSSELLS CRESCENT |
| 3 Apr 2023 | £290,124 | £287,000 | FLAT 10 RUSSELL SQUARE RUSSELLS CRESCENT |
| 13 May 2022 | £142,689 | £140,000 | FLAT 17 IMPERIAL BUILDINGS, 68 VICTORIA ROAD |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 7 Feb 2017. Using an estimated price of £211,144 means this house is valued at £4,692 per sq meter (£435 per sq foot).
The average size of a house on VICTORIA ROAD is 71 sq meters (772 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Victoria Road |
| Mar 2024 | Drugs | Under investigation | On or near Victoria Road |