£427,427
This estimated value is based upon the latest sale price for the house of £340,000 on 8 Dec 2017. 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 |
|---|---|
| £340,000 | 8 Dec 2017 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 December 2017 the House Price Index for SURREY was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £340,000 results in an estimated price of approximately £427,427.
| 8 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £340,000 | £87,427 | £427,427 |
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 | -12.504 % | £-42,513 | £297,486 |
| 3 Month Average | 12.077 % | £41,061 | £381,061 |
| 6 Month Average | 0.045 % | £153 | £340,153 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £494,325 | £490,000 | 3 BENHAMS DRIVE |
| 4 Aug 2023 | £322,824 | £320,000 | 21 AVONDALE CLOSE |
| 1 Jun 2022 | £362,320 | £357,200 | 1 AVONDALE CLOSE |
| 4 May 2022 | £377,106 | £370,000 | 37 AVONDALE CLOSE |
| 23 Aug 2021 | £635,901 | £570,000 | 2A BOLTERS ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 27 Jun 2017. Using an estimated price of £427,428 means this house is valued at £4,970 per sq meter (£461 per sq foot).
The average size of a house on THE SPINNEY is 87 sq meters (939 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Avondale Close |
| Mar 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Mar 2024 | Anti-social behaviour | On or near Petrol Station | |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |