£527,121
This estimated value is based upon the latest sale price for the house of £429,500 on 2 Nov 2018. 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 |
|---|---|
| £429,500 | 2 Nov 2018 |
| £450,000 | 24 Mar 2016 |
| £314,995 | 22 Mar 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,395 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 November 2018 the House Price Index for SURREY was 120.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.729%.Applying this 22.729% change to the original purchase price of £429,500 results in an estimated price of approximately £527,121.
| 2 Nov 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.0 | 22.729 % | £429,500 | £97,621 | £527,121 |
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 | -21.412 % | £-91,963 | £337,536 |
| 3 Month Average | 24.932 % | £107,084 | £536,584 |
| 6 Month Average | 2.428 % | £10,427 | £439,927 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Oct 2022 | £463,116 | £470,000 | 10 RAINBOW CLOSE |
| 12 Aug 2022 | £526,443 | £530,000 | 36 BROOKFIELD DRIVE |
| 9 Aug 2022 | £645,638 | £650,000 | 3 FIELD CLOSE |
| 17 Jun 2022 | £411,672 | £407,500 | 41 NEWMAN ROAD |
| 27 Apr 2022 | £517,949 | £505,000 | 7 FIELD CLOSE |
This house has a floor area of 129 sq meters or 1,395 sq feet when measured on 23 Nov 2009. Using an estimated price of £527,121 means this house is valued at £4,065 per sq meter (£377 per sq foot).
The average size of a house on FIELD CLOSE is 174 sq meters (1,882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Rainbow Close | |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Jubilee Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Jubilee Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newman Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newman Road |